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1 bed flat for sale

£87,700

(Apt L6-19) The Laceworks, Summer Leys Lane, Nottingham NG2

1 1 1
Interested in this property? Call +44 1332 494270 * or

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Property features

  • 7.75% net rental yield assured per annum
  • Starting from £79,900
  • 222 high quality fully managed student studios
  • 250 year leasehold
  • 5% interest paid on deposit funds during construction
  • 5 year rental assurance
  • Fully managed, hassle free contract with sfm the uk’s premier student facility company
  • 6-12 minutes from Universities & Intu Broadmarsh
  • Exclusive roof terraces
  • All units are fully furnished student living

Property description

The Laceworks delivers a truly exceptional standard of student accommodation yet to be available in Nottingham, putting quality at the heart. A “Studio-only” development of 222 high quality units, with panoramic views over Nottingham. The development is 7 storeys in total with the 7th floor set back providing roof terrace access to many of the Studios on this floor. Sizes range from 20m2 to 46m2 with several units offering 2 bedrooms to allow shared living. Each studio is designed to respond to current market demand for high quality accommodation, including; en-suite bathrooms, bespoke kitchens and separate living, study and sleeping areas.

The Laceworks

The building provides unrivalled amenities including; 24hour reception, cycle storage, parcel delivery room, laundrette, group and individual study areas, double height “hotel style” reception, games zones, private dining room, mezzanine level quiet sector and “coffee shop style” social spaces.

Situated opposite Nottingham’s central train and tram stations just on the edge of the compact City Centre, The Laceworks is ideally located to benefit from both main university campuses and within easy walking distance to shops and restaurants, creating a perfect location for a luxury student residence.

Overall The Laceworks delivers a truly exceptional standard of student
accommodation yet to be available in Nottingham, putting quality at its heart.

The Common Areas

Hotel Style Lobby
24Hr Reception
Group Study Areas
Quiet Study Zones
Private Dining Room
Mezzanine Level Quiet Sector
Laundrette
Cycle Storage
Parcel Delivery Room
High Speed Wifi Connection
Game Zones

The Rooms

Bespoke Kitchens
High Quality Modern Appliances
Generous Living Area
40'' High Definition TV
Study Area
En-Suite Bathroom
Double Bed With Under-Bed Storage
High Speed Wifi Connection
Secure & Professional Management
Floor to Ceiling Windows
Exclusive Roof Terraces

Why Nottingham?

Located in the heart of England, Nottingham is a vibrant and truly modern city. With a population of over 350,000
people and home to the legendary Robin Hood, Nottingham is known as the Capital of the East Midlands.

Key Points

• Two world-leading universities with over 70,000 students, 4th largest University city in the UK.

• A £12bn economy making Nottingham the economic capital of the East Midlands.

• Strong transport links via road, rail and air bringing the UK and Europe to your doorstep.

• £1bn recently invested to enhance transport links and infrastructure.

• Modern and extensive tram system, linking The Laceworks to each university.

• Nottingham boasts an array of international topclass retail, sport and leisure with an abundance of culture.

• Nottingham is a vibrant city with tranquil countryside on the doorstep.

Transport

Nottingham has an award winning public transport system including the largest publicly owned bus network in England. Located just off the M1, the city is extremely well connected and is served by Nottingham railway station and the modern Nottingham Express Transit tram system. East Midland trains run direct services to London from Nottingham Station taking approximately 90 minutes. East Midlands Airport is the closest international airport flying to over 85 cities across Europe.

Retail

As uk’s 7th largest retail centre, Nottingham’s shopping scene has something for everyone – from vintage markets to designer brands. Two shopping centres, the Intu Victoria Centre and Intu Broadmarsh Centre cover all the high street brands while Bridlesmith Gate is packed with designer boutiques and big name brands. For something a little more eccentric, there is Creative Quarter, the recently refurbished Sneinton Market bursting with pop-ups, as well as a regular vegan market.

The Universities

“The University of Nottingham was the first UK university to open a campus overseas. Their Malaysia Campus opened in 2000 followed by the opening of a £40m purpose-built campus in Ningbo, China.”

Nottingham’s universities, The University of Nottingham and Nottingham Trent University, are recognised internationally for their research excellence and history of industry collaboration with national & international business giants. They have specialist centres in fields as diverse as medicine, biotechnology, lowcarbon, business and law, digital, media, manufacturing and art & design. Over 20,000 student graduate in Nottingham each year, making for an aboveaverage, highly skilled workforce for businesses. The global reach of Nottingham’s
universities includes campuses in Ningbo, China and Malaysia to encourage international students and academic mobility.

• 2nd best university city in the UK overall.

• 2nd most affordable university city in UK.

• 5th best university city for international students in UK
and 57th in the world.

• 6th best university city for nightlife.

Property info

Market activity
Average price paid £258,479 Sales 677 Current average value £265,993 (Zoopla Zed-Index) Value change £5,520 ▲ 2.12%

Property value data/graphs for NG2

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £408,299 £282 3.8 £401,406
Semi-detached £281,230 £254 3.4 £295,424
Terraced £145,899 £197 2.8 £160,147
Flats £156,649 £240 1.8 £145,812

Current asking prices in NG2

Average: £274,065
Avg. current asking prices in NG2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £77,500
(2)
£142,805
(11)
£202,519
(40)
£326,196
(54)
£517,143
(7)
Flats £125,161
(20)
£189,437
(32)
£378,000
(5)
- -
All £120,828
(22)
£177,508
(43)
£222,017
(45)
£326,196
(54)
£517,143
(7)

Current asking rents in NG2

Average: £815 pcm
Avg. current asking prices in NG2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £383 pcm
(21)
£723 pcm
(24)
£818 pcm
(22)
£1,067 pcm
(17)
£1,206 pcm
(11)
Flats £496 pcm
(36)
£763 pcm
(43)
£965 pcm
(19)
£1,629 pcm
(3)
-
All £454 pcm
(57)
£748 pcm
(67)
£886 pcm
(41)
£1,152 pcm
(20)
£1,206 pcm
(11)

Fun facts for NG2

Highest value in NG2
Highest value streets Zed-Index
Dovedale Road £937,058
Valley Road £850,931
Heathervale £637,042
Bridgford Road £609,161
Boundary Road £607,162
Highest turnover in NG2
Highest turnover streets Turnover
Cremorne Drive 64.7%
Boxley Drive 60.0%
Marlborough Court 56.9%
West Avenue 52.6%
Tavistock Road 50.0%

What Zoopla users think of Nottingham

Overall rating:

  • currently 4 stars
Very good - 77% (386 ratings)

Ratings breakdown:

  • currently 3.5 stars
Community & safety
  • currently 4 stars
Entertainment & nightlife
  • currently 4 stars
Parks & recreation
  • currently 4 stars
Restaurants & shopping
  • currently 4 stars
Schools & public services
  • currently 4 stars
Transport & travel

Rate Nottingham:

Tell us what you think of this area by rating these categories.
Please note your vote will only be counted once.

Community & safety
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Nottingham (0.4 miles)
  • Netherfield (2.7 miles)
  • Carlton (2.8 miles)
  • East Midlands Airport (11.2 miles)
  • Robin Hood Airport (37.1 miles)
  • Coventry Airport (42.3 miles)
  • West Lynn Ferry Landing (65.1 miles)
  • King's Lynn Ferry Landing (65.2 miles)
  • Hull Ferry Terminal (65.8 miles)

Nearby schools

View all schools in Nottingham
  • Greenfields Community School (0.4 miles)
  • William Booth Primary and Nursery School (0.5 miles)
  • Welbeck Primary School (0.5 miles)
  • Channeling Positivity (1.0 mile)
  • Unity Academy (1.6 miles)
  • Nottingham University Academy of Science and Technology (1.8 miles)
  • Stone Soup Academy (0.5 miles)
  • Sutherland House School (0.8 miles)
  • The Nottingham Emmanuel School (1.0 mile)
Note: Distances are straight line measurements

Local info for Nottingham

AskMe Q&A for Nottingham

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For more information about this property, please contact
Birchover Sales & Lettings Ltd, DE22 on +44 1332 494270 * (local rate)

Monthly running costs Beta

£516 Monthly total

Mortgage

Purchase price
Deposit (10%) 8,770
Repayment term 25
Interest rate 1.5
Your payment £315 /mo How Much Could I Borrow

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance

Rebuild value up to £1,000,000 Contents value up to £75,000 Average insurance cost £18/mo (£214/yr)
Compare insurance deals now In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy

Gas £18 Electricity £22 Estimated energy cost £40/mo

Similar properties could save up to £145

How Much Could I Save? In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 5900 kWh/year
Electricity: 1700 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Nottingham

Estimated tax band A Council tax cost £123 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water

Supply £11 Sewerage £9 Estimated water cost £20 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

Contact Birchover Sales & Lettings Ltd about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Birchover Sales & Lettings Ltd, and do not constitute property particulars. Please contact Birchover Sales & Lettings Ltd for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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