Apartment 501, Marco Island, Huntingdon Street, Nottingham, Nottinghamshire, NG1 1AR

Description

A two bedroom, fifth floor apartment located in Nottingham city centre. The apartment is within walking distance of restaurants, bars, entertainment facilities, retail shops and shopping centres. Nottingham train station is close by, as well as the bus station at the Victoria Centre. The property is suited to an owner occupier or buy-to-let investor. There is scope to achieve rental income of around £925-£950pcm. The property has a secure intercom system and a concierge service in the reception area. The tenant was due to vacate the property on 20 September 2026, and prospective purchasers are advised to confirm the current status with the agent.

Accommodation

Ground floor: secure access to the building, 24-hour concierge service and lift access to the upper floors. Fifth floor: open-plan living, dining and kitchen, two bedrooms and bathroom.

Location

Nottingham city centre, close to restaurants, bars, entertainment facilities, retail shops, Nottingham train station and the Victoria Centre bus station. Nottingham University and Nottingham Trent University are based centrally.

Tenure / Property Information

Investment Analysis

Five completed sales in the same Marco Island development ranged from £88,000 to £110,000, averaging £100,400. The evidence supports a base GDV of £100,400, with a low scenario based on the lowest comparable and a high scenario based on the highest. The comparables are from 2023–2024 and no condition or floor-specific details are provided.

Investment Snapshot

Strategy Recommendation

Potentially suitable for buy-to-let at or near the guide, subject to confirming vacant possession, leasehold charges, rentability and condition. Use strict price discipline because the guide may not reflect the final auction price and key costs are unavailable.

Works Required

No specific defects or refurbishment requirements are evidenced. Confirm condition, vacant possession, lease details, service charge, ground rent and any required remedial works before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the base GDV of £100,400, a 75% refinance is approximately £75,300. The apparent refinance headroom is substantial at the guide price, but total project cost cannot be calculated because refurbishment, service charge, ground rent, seller fees and other acquisition costs are unknown. Refinance terms and lender treatment of the leasehold apartment also require confirmation.

Buy-to-Let Analysis

At the £45,000 guide, the auctioneer's estimated rent of £925–£950 pcm implies approximately 24.7%–25.3% gross yield before service charge, ground rent, management, maintenance, voids, finance and other costs. The midpoint rent produces £11,250 annual rent and a 25.0% gross yield on the guide. The rental evidence is an auctioneer estimate rather than achieved rent, and ongoing leasehold costs are unknown.

Flip Analysis

The completed comparables indicate a base resale value of approximately £100,400 against the £45,000 guide. However, a reliable flip surplus cannot be calculated because works, seller fees, selling costs, service charges and the eventual purchase price are unknown. No specific condition evidence supports assuming a refurbishment margin.

Investor Risks & Due Diligence

• Annual service charge and ground rent are unconfirmed.

• The tenant was due to vacate on 20 September 2026, but current possession status must be verified.

• The auctioneer rental figure is an estimate and no sufficiently specific external rental comparables were identified.

• Additional seller fees may apply under the Special Conditions of Sale.

• No condition report or refurbishment cost evidence is provided.

• Council tax is inconsistently reported as Band C and Band D.

• The final purchase price may materially exceed the £45,000 guide.

Recommendation

Potentially suitable for buy-to-let at or near the guide, subject to confirming vacant possession, leasehold charges, rentability and condition. Use strict price discipline because the guide may not reflect the final auction price and key costs are unavailable.

Strategy Rating

Analysis Confidence

Same-development completed sales and an auctioneer rent estimate are available, but condition, final occupancy, service charge, ground rent, seller fees, precise lease costs and achieved rental evidence are incomplete.