Studio flat for sale

>

Studio flat for sale

Maid Marian, 51 Hounds Gate, Nottingham NG1 6BB
£46,500

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
  • Maid Marian House presents a great investment opportunity in the heart of Nottingham, a bustling student city

Description

Maid Marian House is a luxury studio apartment in the heart of Nottingham, a bustling student city, offering a great investment opportunity. The self-contained studio features an en-suite shower room, bed, fitted kitchen, and study area, and is part of a development with its own gym, cinema room, common room, and laundry facilities. The property is currently tenanted and managed by an experienced letting agent, and the demand for accommodation in Nottingham is high due to the 78.9% of students who cannot be accommodated by student halls on campus. The financial breakdown shows a gross rent of £8,910.00, net income of £3,344.45, and a gross yield of 19.16%, with a net yield of 7.19%. Please note that the images shown are of a show apartment and may not be representative of the property for sale, and that the particulars are not intended to be statements or representations of fact.
Finance This Property