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Property Listing Details

Property details

  • 1 bathroom

Listing view statistics

Last 30 days: 71 page views

Description

**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!

Maid Marian House presents a great investment opportunity in the heart of Nottingham, a bustling student city.

This self-contained studio includes an en-suite shower room, bed, fitted kitchen and study area. The development also boasts its own gym, cinema room, common room, and laundry facilities; making it the perfect luxury option for students to work and play.

Within walking distance to local amenities, bars, and clubs, Maid Marian House is a brilliant community for those studying at Nottingham University.

This apartment is currently tenanted and is let and managed by an experienced letting agent.

Nottingham is the perfect place to invest in student accommodation, home to 2 large universities, The University of Nottingham: Is the home to 27,209 students & Nottingham Trent University: With 22,070 students. The demand for accommodation such as Maid Marion House is so high as 78.9% of students studying in the Nottingham universities can not be accommodated by student halls on campus, meaning they search for other housing options such as this! No denying that the popularity of the development combined with the fantastic returns opportunity is why investors are turning to Nottingham’s student market.

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

Financial Breakdown

Gross rent: £5,830
Ground rent: £295
Service charge: £1,763
Lettings fees: £793
Net income: £2,979
Gross yield: 9.33%
Net yield: 4.77%

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-12078

You could get

Fast broadband Fast broadband

Up to 17.9 Mbps (Source: Ofcom)

Map & Nearby

Local Amenities

  • Nottingham 0.3 miles
  • Netherfield 3.1 miles
  • Stone Soup Academy 0.3 miles
  • St Joseph's School 0.4 miles

Local map of the area

Map View Map showing location of property

Local Amenities

  • Nottingham 0.3 miles
  • Netherfield 3.1 miles
  • Stone Soup Academy 0.3 miles
  • St Joseph's School 0.4 miles

Market stats

Sale activity

Average estimated value for a flat in NG1:

  • £208,331
  • Price increase

  • £10,162
  • (5.128%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £167,171
  • Properties sold

    49

Rental opportunities

£802 pcm

Recent sales nearby

See all recent sales in NG1
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Estimated running costs

Based on available 3rd party data

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The Developer

Price history

Sold prices provided by Land Registry
9th Apr 2020 £62,500 Price reduced by £2,500
18th Mar 2019 £65,000 Price reduced by £5,000
24th Jul 2018 £70,000 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.