Studio for sale in Nottingham NG1, 0 Bedroom

This self-contained studio apartment is situated on the 3rd floor of the popular Minerva House student accommodation. The apartment comes fully furnished to the highest standard with a fitted kitchen, study area and en-suite. Residents can also enjoy the luxuries of Minerva House's many social areas such as a cinema room, study room and multiple common rooms as well as a resident's gym alongside the social evenings that Fortis Student Living frequently hold. It is no surprise that Minerva House is extremely popular amongst students studying in Nottingham!

Minerva House is ideally located within walking distance of Nottingham Trent University and only a short bus ride away from the University of Nottingham which means students are perfectly placed in the heart of a thriving community, close to all the facilities and amenities they could need, including shops, restaurants, cafés and bars.

Nottingham currently has more than 60,000 students, with 25% of the city’s population being 16-24 year olds. Bringing new creative talent and a boost to the economy, these students have consequently increased the demand for Nottingham buy to let property as many of these students choose to remain in Nottingham after their graduation. Now would be a fantastic time to invest in Nottingham's student accommodation!

Financial Breakdown

Gross rent: £6,270
Ground rent: £150
Service charge: £1,729
Lettings fees: £808
Net income: £3,583
Gross yield: 10.45%
Net yield: 5.97%

Important Note To Purchasers

*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-13122