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51 Carter Gate, Nottingham, NG1 1GL

East Midlands

£90,000
Listed on 07/04/2026

Property Details

Bedrooms
2
Type
Flat

Description

This ground floor two-bedroom flat presents a solid investment opportunity in need of modernisation. Situated within a purpose-built block, the property features both a private garden and a balcony, offering potential for outdoor enjoyment. Located conveniently near Nottingham City Centre, it benefits from easy access to local amenities including an array of bars, restaurants, and cinemas, as well as recreational facilities like the Motorpoint Arena and Victoria Shopping Centre. Public transport links are excellent with proximity to Nottingham Station and tram services, enhancing its appeal for both rental and resale options. This flat is currently vacant and provides a blank canvas for renovation with a straightforward layout consisting of an entrance hallway, open plan reception room/kitchen, two bedrooms, and a bathroom/WC.

Investment Analysis

(NG1 area)
Area Average
£231/sq ft
Avg Rent (weekly)
£215
Avg Yield
7.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
9
Average per month
Market Turnover
3%
Properties sold annually

Local Market Trend (NG1)

Area prices are falling by -18.1% over the last 12 months
3 year growth: -15.0%
5 year growth: -14.3%
Investment Disclaimer: Analysis based on NG1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

51 Carter Gate, Nottingham, NG1 1GL
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£319
Based on a loan of £67,500 over 30 years at 3.91% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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