Studio

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Studio

Minerva House, Spaniel Row, Nottingham NG1
£40,000

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 deluxe studio apartment is located in the popular Minerva House development, a short walk from 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 of Minerva House can enjoy a range of communal facilities, including an entertainment lounge, gym, laundry facilities, and secure bike storage. The property is available for cash buyers only and can only be purchased as an investment property due to lease restrictions. With a gross yield of 23.1% and a net yield of 11.73%, this property offers a strong return on investment. The city of Nottingham has a large student population, with 78.9% of students unable to be accommodated by on-campus student halls, making this property a great option for investors.