1 bedroom apartment for sale

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1 bedroom apartment for sale

Maid Marian House, Hounds Gate, Nottingham
£41,500

Our Summary

  • 27% yield with potential to reach 18

Description

This studio apartment in Nottingham City Centre offers a rare combination of affordability and exceptional rental returns, making it an attractive choice for investors. With a prime location, modern facilities, and zero ground rent obligations, the property provides a compelling addition to any landlord's portfolio. The open-plan living and sleeping area, complete with a kitchenette and modern shower room, is thoughtfully designed for comfort and functionality. Residents also benefit from access to exclusive on-site facilities, including a gym, communal lounge, and concierge service, creating a vibrant and well-connected community. Currently tenanted at £175 per week, the property generates an impressive annual income of £8,160, delivering a strong yield of approximately 16.27%. With potential to increase the rental income to £170 per week, the yield could reach around 18.06%, making this an outstanding opportunity for investors looking to secure a high-yield property in the heart of Nottingham City Centre.