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Studio flat for sale
Minerva House, Spaniel Row, Nottingham NG1
£45,000
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
This is a premium studio apartment in Minerva House, a popular development in Nottingham, within walking distance of Nottingham Trent University and a short bus ride from the University of Nottingham. The apartment 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, entertainment lounge, and laundry facilities. The property is only available for cash buyers and is not eligible for a mortgage. It is expected to generate a gross yield of 19.27% and a net yield of 9.39%. The property is a great option for investors looking for a good return, as Nottingham is a popular city with a high student population, and 78.9% of students cannot be accommodated by student halls on campus.