Studio

Spaniel Row, 
Nottingham, 
NG1 6EP
SSTC
  • Size: 31 sqm
  • Tenanted
ATTENTION INVESTORS - INVEST IN PREMIUM STUDENT ACCOMODATION! Generate an incredible 9.7% NET return with this fully furnished deluxe studio, close to Nottingham's top Universities.
  • Financial Performance*
Gross rent
£9,338
Ground rent
£150
Service charge
£3,152
Lettings fees
£1,165
Net income
£4,871
Gross yield
18.68%
Net yield
9.74%
  • Key Features
  • Invest in private student accommodation
  • City centre location
  • Kitchenette and ensuite
  • Popular development
  • Fully managed
  • Excellent location
  • Close to both universities
  • Hands off investment

**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 is a self-contained deluxe studio apartment in the incredibly 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 population.

Nottingham is a busy city, host to a state-of-the-art tram system and extensive bus service, meaning it is extremely popular with the tenants ‚ making Minerva House a great option for investors looking for a good 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, photos are representative of a like for like unit. This property may fall within a selective licensing area where charges may apply. Enquire for further details.

  • Financial Performance *
Gross rent
SSTC
Ground rent
SSTC
Lettings fees PA
SSTC
Service charge
SSTC
Estimated annual running costs
SSTC
Net income
SSTC
Gross yield
SSTC
Net yield
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*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.
  • Floorplan/s
  • Location
  • EPC