Offers in region of
£45,000
1 bed flat for saleMaid Marian House, Hounds Gate, Nottingham NG1
1 bed
1 bath
1 reception
EPC Rating: C
- Leasehold
Tristram's Sales & Lettings
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About this property
High Rental Yield: Current yield of 17%, with potential to reach 18.6%.
Strong Rental Demand: Perfectly positioned to attract students and professionals.
Affordable Investment: Offered at a competitive asking price of £45,000.
Secure Development: Located in a managed complex with excellent facilities.
Income Potential: Scope to increase rent to £175 per week for higher returns.
Prime Location: Situated in Nottingham City Centre near Nottingham Trent University.
Open-Plan Design: Modern studio layout with a living-bedroom area and kitchenette.
Private Shower Room: Features a contemporary three-piece suite.
Resident Amenities: Includes an on-site gym, common room, and concierge.
Zero Ground Rent: No ground rent payable, offering a unique cost-saving advantage.
This is a fantastic key-turn opportunity for investors seeking a high-yield property in the heart of Nottingham City Centre. Situated on Maid Marian Way, this studio apartment is ideally positioned to attract students and young professionals, offering close proximity to Nottingham Trent University and an array of local amenities including shops, supermarkets, bars, and restaurants.
Combining affordability, high rental demand, and strong rental yields, this property stands out as a prime investment opportunity. Its exceptional location, modern amenities, and the advantage of zero ground rent make it an attractive choice for landlords seeking reliable and lucrative returns.
Summary: This is a fantastic key-turn opportunity for investors seeking a high-yield property in the heart of Nottingham City Centre. Situated on Maid Marian Way, this studio apartment is ideally positioned to attract students and young professionals, offering close proximity to Nottingham Trent University and an array of local amenities including shops, supermarkets, bars, and restaurants.
The property features an open-plan living-bedroom area with a kitchenette and a modern three-piece shower room. Residents of this development also benefit from exclusive access to an internal gym, a spacious common room, and the convenience of a concierge service, creating a vibrant and well-connected living environment. A unique feature of this property is the absence of any ground rent obligations, providing a significant cost-saving advantage for the owner.
With a current tenancy agreement generating £160 per week for 51 weeks, the property delivers an annual rental income of £8,160, equating to an impressive yield of approximately 17% based on the asking price of £48,000. There is further potential to increase the rental income to £175 per week, which would raise the annual income to £8,925 and enhance the yield to approximately 18.6%.
Combining affordability, high rental demand, and strong rental yields, this property stands out as a prime investment opportunity. Its exceptional location, modern amenities, and the advantage of zero ground rent make it an attractive choice for landlords seeking reliable and lucrative returns.
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More information
Tenure
Leasehold (240 years)
Service charge
£3,105 per year
Council tax band
B
Ground rent
Ground rent date of next review