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Property Listing Details

Property details

  • 1 bathroom

Listing view statistics

Last 30 days: 101 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 cash investment opportunity in the heart of Nottingham, a bustling student city.

This self-contained premium studio with extra space includes an en-suite shower room, double 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.

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

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

The latest edition of Private Finance’s buy-to-let (btl) hotspots analysis reveals that Nottingham has moved up from second position for the best area to invest following a £121 increase in average monthly rents. If that is not proof enough house prices in the area have also increased by 25% in the last 5 years! (Zoopla - September 2018) making now a great time to join in the investment band wagon in Nottingham.

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

Financial Breakdown

Gross rent: £6,375
Ground rent: £295
Service charge: £1,806
Lettings fees: £867
Net income: £3,407
Gross yield: 12.75%
Net yield: 6.81%

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-10073

Map & Nearby

Local Amenities

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

Local map of the area

Map View Map showing location of property

Local Amenities

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

Market stats

Sale activity

Average estimated value for a flat in NG1:

  • £171,558
  • Price increase

  • £4,286
  • (2.562%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £152,620
  • Properties sold

    66

Rental opportunities

£771 pcm

Recent sales nearby

See all recent sales in NG1
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Estimated running costs

Based on available 3rd party data

Mortgage calculator

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How much could I borrow?

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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 Bankrate and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided, your lenders criteria and your personal circumstances. The interest rate has also been assumed to stay the same for the selected mortgage term.

The Developer

Price history

Sold prices provided by Land Registry
27th Nov 2019 £50,000 Price reduced by £9,950
17th Jan 2019 £59,950 Price reduced by £5,050
26th Sep 2018 £65,000 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.