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Studio flat for sale
421 Minerva House, Spaniel Row, Nottingham NG1
£50,000
421 Minerva House, Spaniel Row, Nottingham NG1
£50,000
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 deluxe studio apartment in Minerva House, a popular development in Nottingham, ideal for student investors. 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 facilities, and entertainment lounge. The apartment is located within walking distance of Nottingham Trent University and a short bus ride from the University of Nottingham, with excellent transport links and amenities nearby. With a high student population in the area, this property offers a good return on investment, with a gross yield of 16.51% and a net yield of 8.43%. However, please note that this property is only available for cash buyers and cannot be mortgaged.