Studio apartment

Minerva House, Spaniel Row, Nottingham, NG1 6EP

Size: 22.8 sqm

Purchase price

£49,000

Size: 22.8 sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £6,710
Ground rent £250
Service charge £2,127
Lettings fees £886
Net income £3,447
Gross yield 13.69%
Net yield 7.03%

EARN INSTANT INCOME ON THIS ALREADY TENANTED INVESTMENT OPPORTUNITY! Self-contained student accommodation close to both of Nottingham's universities


**PLEASE NOTE! 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!

This self-contained studio apartment is situated on the 1st floor of the popular development Minerva House. The apartment comes fully furnished to the highest standard with a fitted kitchen, study area and en-suite. Residents of Minerva House can enjoy a thriving community atmosphere in their new home thanks to the range of bespoke communal facilities in the building, including an entertainment lounge (complete with TVs and pool tables), a fully equipped gymnasium, communal laundry facilities and secure bicycle storage. In addition, free broadband is offered throughout Minerva House, so connectivity is always freely accessible for its student residents.

Minerva House is ideally located within walking distance of Nottingham Trent University and only a short bus ride away from the University of Nottingham. Being situated right in the heart of the city means that students have access to fantastic transport links, as well as all of the bars, restaurants and clubs that are popular with the student intake.

Nottingham is a busy city, host to a state-of-the-art tram system and an extensive bus service, making it extremely popular with the tenants – making Minerva House a great option for investors looking for a firm return. The University of Nottingham is home to 27,209 students & Nottingham Trent University is home to a further 22,070 students. With such a high student population, 78.9% of students cannot be accommodated by student halls on campus, meaning they search for other housing options such as Minerva House.

Please note: Images shown are of a show apartment and may not be representative of the property for sale.

Interested in this property? Enquire today for more information

Key features

Key features

Earn instant income

Key features

Already booked for 20/21 term

Key features

Studio apartment

Key features

Fully furnished

Key features

Onsite gymnasium

Key features

Communal areas

Key features

Close to both universities

Key features

Excellent location

Key features

Great transport links

Key features

Shops, bars and amenities nearby

EARN INSTANT INCOME ON THIS ALREADY TENANTED INVESTMENT OPPORTUNITY! Self-contained student accommodation close to both of Nottingham's universities More info...

**PLEASE NOTE! 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!

This self-contained studio apartment is situated on the 1st floor of the popular development Minerva House. The apartment comes fully furnished to the highest standard with a fitted kitchen, study area and en-suite. Residents of Minerva House can enjoy a thriving community atmosphere in their new home thanks to the range of bespoke communal facilities in the building, including an entertainment lounge (complete with TVs and pool tables), a fully equipped gymnasium, communal laundry facilities and secure bicycle storage. In addition, free broadband is offered throughout Minerva House, so connectivity is always freely accessible for its student residents.

Minerva House is ideally located within walking distance of Nottingham Trent University and only a short bus ride away from the University of Nottingham. Being situated right in the heart of the city means that students have access to fantastic transport links, as well as all of the bars, restaurants and clubs that are popular with the student intake.

Nottingham is a busy city, host to a state-of-the-art tram system and an extensive bus service, making it extremely popular with the tenants – making Minerva House a great option for investors looking for a firm return. The University of Nottingham is home to 27,209 students & Nottingham Trent University is home to a further 22,070 students. With such a high student population, 78.9% of students cannot be accommodated by student halls on campus, meaning they search for other housing options such as Minerva House.

Please note: Images shown are of a show apartment and may not be representative of the property for sale.

  • Key features
    Tick Desktop Earn instant income
    Tick Desktop Already booked for 20/21 term
    Tick Desktop Studio apartment
    Tick Desktop Fully furnished
    Tick Desktop Onsite gymnasium
    Tick Desktop Communal areas
    Tick Desktop Close to both universities
    Tick Desktop Excellent location
    Tick Desktop Great transport links
    Tick Desktop Shops, bars and amenities nearby
  • LocationLocation

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.

Breakdown
Financial performance*
Gross rent £6,710
Ground rent £250
Service charge £2,127
Lettings fees £886
Net income £3,447
Gross yield 13.69%
Net yield 7.03%

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.