Nottingham Flat at £130,000 — A Data-First Look
A flat listed at £130,000 at Parkgate, Upper College Street in Nottingham carries three notable signals: it is a new listing, the asking price has been reduced from a prior figure, and the sale is being conducted by auction. The property sits within the NG1 postcode, Nottingham's city centre district. No bedroom count, tenure classification, or rental yield data is provided in the listing. Buyers considering the auction route will need finance arranged and confirmed before the sale date, as contracts exchange unconditionally on the day.
What the listing shows
The address — Apartment 219, Parkgate, Upper College Street, Nottingham NG1 5AP — places the flat inside a named development within Nottingham's city centre. The current asking price of £130,000 reflects a reduction from the figure at which the listing originally appeared. No floor area, lease length, service charge, ground rent, or bedroom count accompanies the listing at this stage. For an auction sale, the legal pack rather than the marketing description is the authoritative source of verified particulars.
The numbers at a glance
| Metric | Figure |
|---|---|
| Asking price | £130,000 |
| Property type | Flat |
| Bedrooms | Not stated |
| Tenure | Not stated |
| Gross yield | Not stated |
No rental estimate is included in the listing data. Any yield calculation would require an independently sourced rental comparator for NG1 flats of equivalent size and configuration — data that is not available from the listing itself.
How this area compares
The NG1 postcode covers central Nottingham, taking in the Old Market Square, the Lace Market district, and the area immediately surrounding Nottingham Trent University's city campus. Upper College Street runs between the university precinct and the inner ring road, within walking distance of Nottingham railway station and the main retail core. The Parkgate development sits within this corridor and is a recognised purpose-built residential block. Central Nottingham attracts a mixed buyer profile, including owner-occupiers and investors drawn to the student and young professional rental market, though no building-specific vacancy or rental rate figures are available from the listing.
What to check before viewing
The auction legal pack is the first point of reference. It should confirm whether the property is freehold or leasehold, state the remaining lease term if leasehold, and disclose any restrictions on use — including any prohibition on short-term letting that commonly applies in purpose-built city-centre blocks.
Service charges and ground rent are material costs for any flat purchase and are not stated in the listing. These figures should be extracted from the legal pack or requested directly from the auctioneer before forming a view on the total cost of ownership.
The price reduction history is worth examining. Understanding the original asking price and the period over which reductions have occurred can indicate how long the flat has been on the market and may inform expectations around the reserve price set for auction.
Finance must be unconditionally in place before the auction date. Standard mortgage applications frequently cannot be processed within the timescales an auction imposes; some purchasers arrange bridging finance initially and remortgage once title has transferred.
At £130,000, the flat at Parkgate sits at a defined price point in a central Nottingham postcode, with the auction mechanism establishing a firm exchange timeline. The gaps in the listing — tenure, lease length, bedroom count, and service charge — mean the legal pack carries most of the due diligence weight here, and should be read in full before proceeding.
See the actual listing
Direct link to the current property listing. Check the live listing for up-to-date price and availability before viewing.