Flat 87 Cranbrook House, Lower Parliament Street, Nottingham, NG1 1EH
East Midlands
£33,000Guide Price
Listed on 31/10/2026
Listed on 31/10/2026
The listing
Property details
Bedrooms
1Type
FlatDescription
Offered at auction, this vacant one-bedroom flat is set within the purpose-built Cranbrook House development in central Nottingham. The accommodation comprises an open-plan kitchen and living room, a separate bedroom and a bathroom. The listing gives the approximate floor area as 45 square metres and notes that the property requires updating, with rental use identified as a possibility following improvement. The EPC rating is C.
Lower Parliament Street is close to city-centre shops, cafés, restaurants and bars, as well as leisure venues including Nottingham Castle, the Motorpoint Arena, King Edward Park and the National Ice Centre. Lace Market tram stop provides a nearby public transport connection.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
71out of 100
Grade BGood opportunity
Confidence: MEDIUM
At £33,000, this one-bedroom flat is exceptionally cheap against the local average: about £68 per sq ft versus £227. It is offered by auction, so bidding can take the hammer above the guide and the eventual price may not stay this cheap.
The flat is vacant, has an EPC rating of C and appears generally intact, making this a light cosmetic project rather than a major overhaul. Updating the dated finishes and making good the marked walls could sharpen its presentation. The extensive scaffolding and sheeting around the block are worth investigating, as the photographs do not establish the reason or scope of the works.
Key opportunities
- Acquire at a very low guide price relative to local £/sq ft, with room to improve the value proposition.
- Refresh the dated living-area finishes and make good marked walls to improve presentation.
- Vacancy and an EPC rating of C offer a straightforward starting point for a future owner or landlord.
Key risks
- The extensive scaffolding and protective sheeting around the block are unexplained in the photos; establish the nature and scope of the building works.
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Map
Location
Flat 87 Cranbrook House, Lower Parliament Street, Nottingham, NG1 1EH
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Transport
Nearest stations
Lace Market Tram Stop
0.2 miles
Tram · Nottingham
Old Market Square Tram Stop
0.4 miles
Tram · Nottingham
Royal Centre Tram Stop
0.5 miles
Tram · Nottingham
Nottingham Rail Station
0.5 miles
Train · Nottingham
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
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£
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years
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£125
Based on a loan of £24,750 over 30 years at 4.45% 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.
Tax
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Indicative tax based on the asking price and the options you select.
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