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Land, in Flat 513, £51,000
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Flat

Flat 513, Minerva House, Spaniel Row, Nottingham, Nottinghamshire
Cash Buyers
£51,000

Our Summary

  • Cash Buyer Only

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Description

This property, a modern studio apartment in Minerva House, Nottingham, is being sold with a tenancy already secured for the 2025-26 academic year, eliminating the risk of initial void periods. The property offers an open-plan layout with a fitted kitchenette, study area, wardrobe storage, and en-suite shower room, providing everything a student tenant would need. The studio is situated on the first floor of a purpose-built student scheme that consistently attracts strong demand, just moments from Old Market Square and Nottingham Trent University.

With a sale price of £51,000 and a rent of £9,000 per year, the property offers a gross yield return of 17.65% and a net yield return of 11.08%. The property also includes a service charge of £3,200, which covers electricity, water, and internet bills, as well as a ground rent of £150 per year.