Minerva House, Nottingham NG1 1 bed apartment for sale

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Minerva House, Nottingham NG1 1 bed apartment for sale

Flat 502, Minerva House, Spaniel Row, Nottingham, Nottinghamshire NG1
£53,000

Our Summary

  • Cash buyers only

Description

This property, located in Minerva House, Nottingham, is a well-designed studio apartment that offers an immediate return on investment due to a tenancy already secured for the 2025-26 academic year. The studio features an open-plan layout with a fitted kitchenette, study area, wardrobe storage, and an en-suite shower room, providing everything a student tenant needs. The property benefits from a prime location, just moments from Old Market Square and Nottingham Trent University, and offers use of the building's private gym, laundry facilities, and bicycle storage. With a sale price of £53,000 and a rent of £9,840 per year, the property offers a gross yield return of 18.57% and a net yield return of 12.25%. This is an income-producing asset in a dependable rental micro-market, making it an attractive investment opportunity for those looking for a straightforward and lucrative property investment.