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1 bedroom apartment for sale
Flat 502, Minerva House, Spaniel Row, Nottingham, Nottinghamshire
£53,000
Flat 502, Minerva House, Spaniel Row, Nottingham, Nottinghamshire
£53,000
Our Summary
- Cash buyers only
Description
This property is a well-designed studio located in Minerva House, a modern student scheme near Nottingham Trent University and Old Market Square. The studio features an open-plan layout with a fitted kitchenette, study area, wardrobe storage, and an en-suite shower room. The property has large windows that maximize natural light and quality fixtures that ensure durability between tenancies. Residents also have access to a private gym, laundry facilities, and bicycle storage. The property is already tenanted until the 2025-26 academic year, providing an immediate return and eliminating initial void risk. The sale price is £53,000, with a gross yield return of 18.57% and a net yield return of 12.25%. The property is an investment opportunity that presents a straightforward, income-producing asset in a dependable rental micro-market.