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Property Listing Details

Studio for sale

Avalon Court, Glasshouse Street, Nottingham NG1

  • Sold subject to contract
  • Investment

£52,000

Property details

  • 1 bathroom

Listing view statistics

Last 30 days: 24 page views

Since listed: 1435 page views

Description

Avalon Court is one of the most popular student accommodation developments in Nottingham - one of the uk’s busiest student cities. It is perfect for the modern student who seeks a luxury home during their time at university which provides a high quality, private study area as well as outstanding communal facilities such as a games room, cinema room and gymnasium.

Nottingham is a growing all the time as a top UK university destination, and the demand for student accommodation massively outweighs the supply. Avalon Court is perfectly placed to meet this demand, and it is no surprise that it consistently enjoys market-leading tenancy rates.

Managed and let by the experienced agent Fortis Student Living, students and investors alike can rest easy in the knowledge that they are in good hands. By purchasing this property, you will enjoy immediate income as the property is currently tenanted – enquire today to avoid disappointment!

Financial Breakdown

Gross rent: £7,395
Ground rent: £295
Service charge: £2,406
Lettings fees: £710
Net income: £3,984
Gross yield: 14.5%
Net yield: 7.81%

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-9784

You could get

Fast broadband Fast broadband

Up to 24.4 Mbps (Source: Ofcom)

Map & Nearby

Local Amenities

  • Nottingham 0.6 miles
  • Netherfield 2.8 miles
  • Sutherland House School (SEN) 0.2 miles
  • Stone Soup Academy 0.4 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Nottingham 0.6 miles
  • Netherfield 2.8 miles
  • Sutherland House School (SEN) 0.2 miles
  • Stone Soup Academy 0.4 miles

Market stats

Sale activity

Average estimated value for a flat in NG1:

  • £162,789
  • Price decrease

  • -£4,572
  • (-2.732%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £156,168
  • Properties sold

    105

Rental opportunities

Not known

Recent sales nearby

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Estimated running costs

Based on available 3rd party data

Mortgage calculator

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How much could I borrow?

In partnership with

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

The Developer

Price history

Sold prices provided by Land Registry
31st Oct 2018 £52,000 Price reduced by £2,000
11th Oct 2018 £54,000 Price reduced by £4,000
11th Oct 2018 £58,000 Price reduced by £1,950
12th Jun 2018 £59,950 Price reduced by £6,050
7th Jun 2018 £66,000 First listed

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Property descriptions and related information displayed on this page are marketing materials provided by Yieldit. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Yieldit for full details and further information.