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Property Listing Details

Studio for sale

Minerva House, Spaniel Row, Nottingham NG1

  • Sold subject to contract
  • Investment

£54,000

Property details

  • 1 bathroom

Listing view statistics

Last 30 days: 26 page views

Since listed: 2610 page views

Description

Nottingham is a known student hub, home to over 55,000 students, but the city has a lack of high quality student accommodation needed to fulfill growing demand.

However, the completion of Minerva House has led to the city of Nottingham benefitting from a prime Purpose Built Student Accommodation development designed specifically to cater for Nottingham's large student populace.This development is a stunning five-storey building providing 151 individual luxury studio apartments, each finished and furnished to the highest of standards.

Furthermore, residents of Minerva House are perfectly placed to enjoy a thriving community atmosphere at their new home, thanks to access to a range of bespoke communal facilities, 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 provided for student residents.

Within walking distance of Nottingham Trent University and only a short bus ride away from the University of Nottingham, students are perfectly placed in the heart of a thriving community, close to all the facilities and amenities they could need, including shops, restaurants and bars.

This is a perfect investment opportunity for any investor. Not only are the area and the development outstanding, this apartment is currently tenanted for immediate investor income.

Important note to purchasers: 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 or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. Images used for indicative purposes.

Financial Breakdown

Gross rent: £6,885
Ground rent: £150
Service charge: £1,895
Lettings fees: £826
Net income: £4,014
Gross yield: 12.75%
Net yield: 7.43%

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-10713

Map & Nearby

Local Amenities

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

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Nottingham 0.4 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:

  • £162,789
  • Price decrease

  • -£4,352
  • (-2.604%)
  • 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

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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
7th May 2019 £54,000 Price reduced by £2,000
30th Aug 2018 £56,000 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.