Apartment 219 Parkgate, Nottingham, Nottinghamshire, NG1 5AP

Description

Two-bedroom apartment located on Upper College Street in central Nottingham, just outside the Park estate. The property is suitable as a residence or investment project and is within walking distance of shops, bars and restaurants. Nottingham Train Station is to the southeast, with local bus and tram services serving the surrounding areas.

Accommodation

Spacious main bedroom with an en-suite; one further bedroom with an attached toilet and shower room; large open-plan kitchen/dining area between the bedrooms; balcony stretching across most of the room.

Location

Located on Upper College Street in the centre of Nottingham, just outside the affluent Park estate. Shops, bars and restaurants are within walking distance. Nottingham Train Station lies to the southeast, with local bus and tram services serving the surrounding areas.

Tenure / Property Information

Investment Analysis

Five completed sales at the same Parkgate development range from £160,000 to £252,500. The most recent 2026 evidence is £160,000 and £172,000, while the £252,500 sale is materially higher than the other evidence. A base GDV of £172,000 is used, with a supported working range of £160,000–£185,000. These are comparable sale prices, not a formal valuation, and no flat-specific attributes beyond the supplied two-bedroom description are available.

Investment Snapshot

Strategy Recommendation

Potential value-led purchase subject to satisfactory inspection and legal-pack review, but do not commit to BTL or BRRR without verified rent, service charges, lease information and a full cost schedule. A resale strategy is only attractive if the apartment condition and all acquisition costs are confirmed.

Works Required

No specific refurbishment works are evidenced. Inspect the apartment and review the legal pack for condition, fixtures, lease terms, service charge, major works and any compliance requirements before budgeting works.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the base GDV, a 75% refinance would be approximately £129,000. Against the £95,000 guide and known £3,600 admin charge, the apparent margin is not a complete BRRR calculation because refurbishment, buyer premium, service charges, legal costs and other acquisition costs are unknown. Rental affordability and refinance eligibility also cannot be assessed from the evidence.

Buy-to-Let Analysis

BTL analysis cannot establish rent, gross yield or cash flow because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The known guide price is £95,000, with a £3,600 non-refundable admin charge before any buyer premium, works, service charges, legal costs or other fees.

Flip Analysis

The same-development completed sales support a base GDV of £172,000 and a working range of £160,000–£185,000. At the £95,000 guide, the guide plus known admin charge is £98,600 before unknown buyer premium, other costs and works. A reliable flip surplus cannot be calculated because refurbishment and selling allowances are unsupported.

Investor Risks & Due Diligence

• No sufficiently specific rental evidence or auctioneer rent estimate is supplied, so rental yield and cash flow are unverified.

• Refurbishment requirements and condition are not evidenced.

• Buyer premium, service charges, legal costs, seller-cost reimbursement, transfer fees and other disbursements may be payable but are not quantified.

• Leasehold service charges, reserve funds, restrictions and major-works exposure are not supplied.

• The comparable sale prices vary materially, including a £252,500 outlier, creating GDV uncertainty.

• The property has an EPC rating of D, which may affect letting or improvement requirements depending on applicable rules and the property's circumstances.

Recommendation

Potential value-led purchase subject to satisfactory inspection and legal-pack review, but do not commit to BTL or BRRR without verified rent, service charges, lease information and a full cost schedule. A resale strategy is only attractive if the apartment condition and all acquisition costs are confirmed.

Strategy Rating

Analysis Confidence

There is good same-development sold-price evidence and a stated guide price, but no rental evidence, condition assessment, refurbishment budget, service-charge information, buyer-premium figure or complete acquisition-cost schedule.