Studio

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Studio

Minerva House, Spaniel Row, Nottingham NG1
£45,000

Our Summary

  • Due to the size and lease restrictions on purpose-built student accommodation, this property is not eligible for a mortgage and can only be bought as an investment property - cash buyers only need apply

Description

Minerva House, a deluxe studio apartment in Nottingham, is a fantastic investment opportunity for cash buyers only. The property is fully furnished and features a fitted kitchen, study area, and en-suite bathroom. Residents can enjoy a range of communal facilities, including a gym, laundry room, and entertainment lounge. The property is located within walking distance of Nottingham Trent University and is a short bus ride away from the University of Nottingham. With a high demand for student accommodation in the area, this property is expected to generate a significant return. The gross yield is 16.67% and the net yield is 7.3%. However, please note that this property is not eligible for a mortgage and can only be purchased as an investment property.