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Studio for sale

£69,995 (£330/sq. ft) Offers over

Kent Street, Nottingham NG1

1 212 sq. ft*

Images may include optional upgrades at additional cost

Interested in this property? Call +44 20 8022 7495 * or

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Off street parking
  • Central heating
  • Double glazing
  • Porter/security
  • Gym
  • Communal lounge and games room
  • Close to both of Nottingham's Universities
  • Close to local amenities / bars / restaurants / city centre
  • Lift access

Property description

Cash only - investors only!



Flambard Williams present a fantastic opportunity to own a luxury studio in Nottingham which provides an income of over 7% per year.

Avalon Court is a 100 unit student accommodation building based in Nottingham. The property was completed by Fortis Developments to a very high standard; facilities include a gymnasium, cinema room, communal lounge, cycle storage and laundry facilities.

Fortis Developments completed the property in 2015 after a 24 week build duration and the approximate gdv for the project was valued at £6,500,000.

Situated just a short walk from Nottingham Trent University and close to transport links that will take students directly to the University of Nottingham, Avalon Court is in a great location for student life. With fantastic prices and all-inclusive bills, this new Nottingham student accommodation costs tenants less than you might think.

Students are able to avoid distractions and stress with their very own flat, complete with private kitchen and bathroom. Meanwhile, the onsite facilities which include a common room, gym and cinema room, give students plenty of space to hang out with their friends.

There are just two Premium Studios currently available and they are likely to sell quickly, due to the price, location and yield on offer. Contact us today and speak with one of our experienced consultants for an informative, no obligation chat about the available apartments and see if they match your needs.
Market activity
Average price paid £157,010 Sales 122 Current average value £146,181 (Zoopla Zed-Index) Value change £2,147 ▲ 1.49%

Property value data/graphs for NG1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £320,153 £118 4.6 -
Semi-detached £253,477 £102 4.0 £435,400
Terraced £169,348 £169 3.5 £180,811
Flats £142,028 £217 1.7 £141,280

Current asking prices in NG1

Average: £160,920
Avg. current asking prices in NG1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - - - - £220,000
(1)
Flats £104,850
(51)
£185,940
(46)
£340,000
(4)
£572,500
(2)
-
All £104,850
(51)
£185,940
(46)
£340,000
(4)
£572,500
(2)
£220,000
(1)

Current asking rents in NG1

Average: £1,074 pcm
Avg. current asking prices in NG1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £392 pcm
(4)
£756 pcm
(2)
£1,200 pcm
(1)
£730 pcm
(4)
-
Flats £695 pcm
(62)
£917 pcm
(62)
£1,332 pcm
(13)
£1,398 pcm
(22)
£1,625 pcm
(2)
All £677 pcm
(66)
£912 pcm
(64)
£1,323 pcm
(14)
£1,295 pcm
(26)
£1,625 pcm
(2)

Fun facts for NG1

Highest value in NG1
Highest value streets Zed-Index
Park Terrace £509,179
Standard Hill £231,870
The Ropewalk £230,087
Commerce Square £219,192
Forest Road East £211,688
Highest turnover in NG1
Highest turnover streets Turnover
Commerce Square 45.0%
Derby Street 44.2%
Beck Street 42.9%
Upper College Street 38.2%
Low Pavement 37.9%

What Zoopla users think of Nottingham

Overall rating:

  • currently 4 stars
Very good - 77% (383 ratings)

Ratings breakdown:

  • currently 3.5 stars
Community & safety
  • currently 4 stars
Entertainment & nightlife
  • currently 4 stars
Parks & recreation
  • currently 4 stars
Restaurants & shopping
  • currently 4 stars
Schools & public services
  • currently 4 stars
Transport & travel

Rate Nottingham:

Tell us what you think of this area by rating these categories.
Please note your vote will only be counted once.

Community & safety
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Entertainment & nightlife
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Parks & recreation
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Restaurants & shopping
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Schools & public services
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5
Transport & travel
  • currently 0 stars
  • 4
  • 1
  • 0
  • 3
  • 2
  • 5

Nearby transport

  • Nottingham (0.7 miles)
  • Netherfield (2.7 miles)
  • Carlton (2.8 miles)
  • East Midlands Airport (11.6 miles)
  • Robin Hood Airport (36.3 miles)
  • Coventry Airport (43.0 miles)
  • Hull Ferry Terminal (65.3 miles)
  • West Lynn Ferry Landing (65.5 miles)
  • King's Lynn Ferry Landing (65.7 miles)

Nearby schools

View all schools in Nottingham
  • Huntingdon Academy (0.3 miles)
  • Sycamore Academy (0.5 miles)
  • St Joseph's School (0.6 miles)
  • Unity Academy (0.9 miles)
  • Channeling Positivity (1.4 miles)
  • Nottingham University Academy of Science and Technology (1.9 miles)
  • Sutherland House School (0.2 miles)
  • Stone Soup Academy (0.4 miles)
  • Hollygirt School (0.6 miles)
Note: Distances are straight line measurements

Local info for Nottingham

AskMe Q&A for Nottingham

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* Sizes listed are approximations. Please contact the agent to verify actual sizes.

For more information about this property, please contact
Flambard Williams, CM2 on +44 20 8022 7495 * (local rate)

Monthly running costs Beta

£459 Monthly total

Mortgage

Purchase price
Deposit (10%) 6,999
Repayment term 25
Interest rate 1.5
Your payment £251 /mo How Much Could I Borrow

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.

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

Home Insurance

Rebuild value up to £1,000,000 Contents value up to £75,000 Average insurance cost £23/mo (£278/yr)
Compare insurance deals now In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy

Gas £19 Electricity £23 Estimated energy cost £42/mo

Similar properties could save up to £132

How Much Could I Save? In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 5900 kWh/year
Electricity: 1700 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Nottingham

Estimated tax band A Council tax cost £123 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water

Supply £11 Sewerage £9 Estimated water cost £20 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Flambard Williams, and do not constitute property particulars. Please contact Flambard Williams for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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