First £1million Apartment Sells in Nottingham24 September 2009 A penthouse apartment in Nottingham has sold for £1million, breaking a new record in local property prices and bringing some much-needed optimism to the quality end of the property market.
- Daily Mail UK Property Awards 2008, Best Architecture
- Daily Mail UK Property Awards 2008, Best Development
- Daily Mail UK Property Awards 2008, Best Apartment
- Daily Telegraph, Your New Home Award 2009, Best Waterside Development
Despite the recent downturn in property prices, the 2,100sq ft apartment at the multi-award winning RiverCrescent Development in Nottingham was snapped up prior to completion,highlighting the demand for high-spec premium property. The £1million price tag includes three bedrooms and a 1,500sq ft balcony with stunning south-facing river views.
The buyer, a Nottingham businessman, said: 'I am confident that in addition to being a fantastic place to live it represents a safe and exciting investment opportunity. My company provides consultancy services within the planning and development business, so I know the
Ruth Birch, an Area Director at Land & New Homes Countrywide, who are marketing the development, said: 'This sale represents a major uplift in the local market - RiverCrescent is a prestigious development attracting lots of interest through local agents Bairstow Eves and Frank Innes thanks largely to its superb location and five-star facilities.'
RiverCrescent is the first phase of the Nottingham Waterside Regeneration Plan, which aims to develop the River Trent from Colwick Country Park to Trent Bridge with a comprehensive, mixed-use community. RiverCrescent is a high-profile £50million building, designed to accommodate up to 146 units, which incorporate innovative, environmental and energy efficient controls. Residents have access to a Concierge service, private health club and 60ft swimming pool.
Prices start at £295,000 for a 1,000 sq ft two bedroom, two bathroom apartment with balcony
and River views. The development is a five minute drive from the city centre and sits
adjacent to Nottingham Racecourse and Colwick Country Park.
The buyer of the £1m penthouse has commissioned the National Design Academy to design
the interior and one lucky student from this year's Interior Design intake will work on the
penthouse commission, drawing inspiration from four luxury show apartments that have