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
Prime Location: Situated on Maid Marian Way, close to Nottingham Trent University and city amenities
Affordable Investment: Priced at £45,000, ideal for investors.
No Ground Rent: Zero ground rent, offering long-term savings.
Resident Facilities: Includes gym, communal lounge, and concierge service.
Income Stability: Generates £8,160 per year with reliable tenancy in place.
High Yield: Currently generating a 16.27% yield with potential to reach 18.06%.
Modern Design: Open-plan studio with kitchenette and sleek shower room.
Tenant Ready: Already tenanted at £175 per week, ensuring immediate income.
Appealing Market: Ideal for students and professionals seeking city-centre living.
Strong Community: Vibrant development with modern amenities for residents.
The property offers a thoughtfully designed open-plan living and sleeping area, complete with a kitchenette and a sleek, modern three-piece shower room. Residents also benefit from access to exclusive on-site facilities such as an internal gym, a spacious communal lounge, and a concierge service, creating a vibrant and well-connected community. An added advantage of this property is the absence of ground rent charges, providing long-term savings for the owner.
Currently tenanted at £175 per week for 44 weeks, the property generates an impressive annual income of £8,160, delivering a strong yield of approximately 16.27% based on the asking price of £48,000. Furthermore, the rental potential could be increased to £170 per week, boosting the annual income to £8,670 and achieving an even higher yield of around 18.06%.
Summary: This property combines affordability with exceptional rental returns, making it an attractive choice for investors. Its prime location, modern facilities, and zero ground rent obligations ensure it is a compelling addition to any landlord's portfolio.
The property offers a thoughtfully designed open-plan living and sleeping area, complete with a kitchenette and a sleek, modern three-piece shower room. Residents also benefit from access to exclusive on-site facilities such as an internal gym, a spacious communal lounge, and a concierge service, creating a vibrant and well-connected community. An added advantage of this property is the absence of ground rent charges, providing long-term savings for the owner.
Currently tenanted at £175 per week for 44 weeks, the property generates an impressive annual income of £8,160, delivering a strong yield of approximately 16.27% based on the asking price of £48,000. Furthermore, the rental potential could be increased to £170 per week, boosting the annual income to £8,670 and achieving an even higher yield of around 18.06%.
This is an outstanding opportunity for investors looking to secure a high-yield property in the heart of Nottingham City Centre. Located on Maid Marian Way, this studio apartment is perfectly positioned to appeal to students and young professionals, with Nottingham Trent University just a stone's throw away and a wide range of local amenities including shops, supermarkets, bars, and restaurants nearby.
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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