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Property Listing Details

Studio for sale

Minerva House, Spaniel Row, Nottingham NG1

  • Sold subject to contract
  • Investment

£55,000

Property details

  • 1 bathroom
  • 1 reception room

Listing view statistics

Last 30 days: 13 page views

Since listed: 1347 page views

Description

This self-contained studio apartment is situated on the 3rd floor of the popular Minerva House student accommodation. The apartment comes fully furnished to the highest standard with a fitted kitchen, study area and en-suite. Residents can also enjoy the luxuries of Minerva House's many social areas such as a cinema room, study room and multiple common rooms as well as a resident's gym alongside the social evenings that Fortis Student Living frequently hold. It is no surprise that Minerva House is extremely popular amongst students studying in Nottingham!

Minerva House is ideally located within walking distance of Nottingham Trent University and only a short bus ride away from the University of Nottingham which means students are perfectly placed in the heart of a thriving community, close to all the facilities and amenities they could need, including shops, restaurants, cafés and bars.

Nottingham currently has more than 60,000 students, with 25% of the city’s population being 16-24 year olds. Bringing new creative talent and a boost to the economy, these students have consequently increased the demand for Nottingham buy to let property as many of these students choose to remain in Nottingham after their graduation. Now would be a fantastic time to invest in Nottingham's student accommodation!

Financial Breakdown

Gross rent: £6,490
Ground rent: £150
Service charge: £1,729
Lettings fees: £857
Net income: £3,754
Gross yield: 12.25%
Net yield: 7.08%

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-13122

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

  • -£4,895
  • (-2.919%)
  • 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
20th May 2019 £55,000 Price reduced by £5,000
18th Jan 2019 £60,000 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.