2 bed flat for sale

The Axis, Wollaton Street, Nottingham NG1

An excellent opportunity for investors, this spacious two-bedroom duplex apartment is offered for sale with tenants already in situ, providing immediate rental income from completion. The current tenancy is generating £1500 per calendar month, equivalent to £18,000 per annum, and represents a stated gross rental yield of approximately 10.47%. For buyers looking for a ready-made investment rather than a vacant property requiring a new tenant to be sourced, the existing tenancy is a particularly important benefit. The apartment is already income-producing and combines a strong rental return with a distinctive duplex layout, approximately 71.4 sq. Metres (768.9 sq. Feet) of internal accommodation, two bedrooms, two bathroom facilities and two private balconies.

Property summary An excellent opportunity for investors, this spacious two-bedroom duplex apartment is offered for sale with tenants already in situ, providing immediate rental income from completion. The current tenancy is generating £1500 per calendar month, equivalent to £18,000 per annum, and represents a stated gross rental yield of approximately 10.47%. For buyers looking for a ready-made investment rather than a vacant property requiring a new tenant to be sourced, the existing tenancy is a particularly important benefit. The apartment is already income-producing and combines a strong rental return with a distinctive duplex layout, approximately 71.4 sq. Metres (768.9 sq. Feet) of internal accommodation, two bedrooms, two bathroom facilities and two private balconies.

The accommodation is arranged across two floors, providing a much more substantial and house-like feel than many conventional city apartments. The lower level contains the bedrooms and bathroom facilities, while the upper floor is dedicated almost entirely to the open-plan kitchen, dining and living space. The entrance hall provides access to both bedrooms, the main bathroom, a separate shower room and the staircase leading to the upper floor. This arrangement gives clear separation between the sleeping and living accommodation, which can be particularly appealing within the rental market. The principal bedroom is generously proportioned and benefits from fitted mirrored wardrobes, providing useful built-in storage. Large glazed doors allow plenty of natural light into the room and provide access towards the balcony elevation, while the neutral presentation keeps the accommodation practical and easy to maintain.

The second bedroom offers similarly useful accommodation and provides flexibility for tenants, whether used as a double bedroom, guest room or home-working space. Having two genuine bedrooms significantly broadens the potential tenant market compared with a one-bedroom apartment. A further advantage from an investment perspective is the provision of both a main bathroom and a separate shower room. The bathroom includes a bath with shower over, wash basin and WC, while the additional shower room provides a separate enclosed shower, WC and basin. This is a particularly useful arrangement for two occupants sharing the apartment.

Upstairs, the property opens into a substantial open-plan living, dining and kitchen area, measuring approximately 7.05m x 5.20m at its widest points. The open-plan layout creates a large communal space while allowing clearly defined areas for relaxing, dining and cooking. The kitchen is fitted with contemporary cream-fronted cabinetry, contrasting dark work surfaces and a central peninsula incorporating a breakfast bar. Integrated appliances include an oven and microwave, while the generous amount of worktop and storage space makes the kitchen practical for everyday use. The adjoining living area is large enough to accommodate substantial lounge furniture while retaining a feeling of space. Full-height glazing across the room introduces excellent natural light and provides access to the upper balcony.

The apartment benefits from two private balconies, one associated with each level, offering valuable outside space together with elevated rooftop and city views. This feature helps distinguish the property from many competing apartments and can strengthen its appeal to prospective tenants. The internal finish is contemporary and relatively neutral throughout, with recessed lighting, tiled bathroom areas and a combination of tiled and carpeted flooring. From a landlord's perspective, the straightforward presentation and existing tenancy offer a relatively simple investment proposition.

Most importantly, the apartment is being sold with an established tenant already paying £1500 pcm, allowing an incoming investor to acquire a property that is already generating income rather than having to market, furnish and let the apartment from scratch.

Location summary The Axis is positioned on Wollaton Street in the heart of Nottingham city centre, giving the property an exceptionally convenient setting for tenants, professionals and investors looking for immediate access to the city's main employment, education, leisure and transport links.

The development sits within easy reach of Nottingham Trent University's City Campus, with the ntu tram stop approximately 0.2 miles away. This proximity makes the location particularly relevant to the student and graduate rental market, while also providing straightforward access across the wider tram network.

Nottingham city centre's extensive range of shops, restaurants, bars, cafés and entertainment venues can all be reached on foot. Upper Parliament Street, the Royal Centre, Old Market Square and the wider retail core are all close by, while the Victoria Centre and surrounding shopping streets provide a broad selection of everyday amenities.

Public transport connections are particularly strong. Bus stops are positioned on or close to Wollaton Street, while both the Royal Centre and Nottingham Trent University tram stops are around 0.2 miles away. Nottingham Railway Station is approximately 0.8 miles from the development, providing regional and national rail connections.

For tenants working in or around the city centre, the location also allows many major offices, retail employers, hospitality venues and professional services to be reached without relying on a car. The combination of city-centre employment, university demand and strong public transport links helps support a broad potential rental market.

Despite its central position, residents also have good access to Nottingham's wider road network, allowing onward travel towards the surrounding suburbs and major routes out of the city.

Overall, The Axis offers a highly central Nottingham location with city-centre amenities, Nottingham Trent University, tram connections, bus services and the railway station all within convenient reach, making it particularly well suited to buyers seeking a well-connected residential property or rental investment.

Entrance hall A spacious entrance area providing access to both bedrooms, the bathroom, separate shower room and staircase leading to the upper floor.

Principal bedroom A generous double bedroom with fitted mirrored wardrobes, neutral décor and large glazed doors allowing plenty of natural light.

Bedroom two A well-proportioned second bedroom offering flexible space for tenants, guests or use as a home office.

Bathroom Fitted with a panelled bath with shower over, wash hand basin and WC, finished with modern tiled surrounds.

Shower room A useful additional shower room comprising an enclosed shower, wash hand basin and WC, ideal for shared occupancy.

Open-plan kitchen A modern fitted kitchen with cream-fronted units, contrasting work surfaces, integrated appliances and a central peninsula with breakfast-bar seating.

Dining area Positioned alongside the kitchen with ample room for a dining table and chairs, creating a practical space for everyday meals.

Living area A substantial living space forming part of the open-plan upper floor, with room for generous seating and access to the balcony.

Lower balcony A private balcony accessed from the bedroom level, providing valuable outside space and elevated views.

Upper balcony A second private balcony accessed from the main living area, offering further outdoor space and far-reaching city views.

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Disclaimer Money Laundering Regulations: Tristram's ask intending purchasers to produce identification documentation. Any delay in receiving this information may cause a delay in agreeing a sale.

Measurements: The room sizes are approximate and are only intended as a guide to the size of the property. We would advise you to verify any measurements that you may require.

Services: Please note Tristram's do not test services, any equipment or appliances in the properties that we market, therefore we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.

These particulars are issued in good faith as a guide to prospective purchasers, they do not constitute representations of fact or form part of any offer or contract. The particulars of any property we market should be independently verified by prospective buyers. Neither Tristram's Property Services Ltd nor any of its employees or agents has any authority to make or give any representation or warranty whatsoever in relation to this property. Tristram's has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

While we endeavour to make our sales particulars as fair, accurate and reliable as possible, they are only a general guide for prospective purchasers, therefore if there is any point which is of a particular importance to you, please contact the office and we will be pleased to look into this for you.