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Studio for sale

£57,500 Fixed price

Hounds Gate, Nottingham NG1

1
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Property description

Halley House is a luxurious student accommodation located in the heart of Nottingham city centre. Halley House provides numerous opportunities for student residence with many onsite facilities such as; common room, on-site gym and secure entry and parking. Halley House is also an extremely popular choice with students due to the having direct access to the transportation links and all cultural, retail and leisure facilities on their doorstep.

Halley House - Onsite Facilities
Large lounge and common areas
Fully equipped gym
Laundry facilities
Free high-speed Wi-Fi
CCTV in communal areas
Electric key fob access
Secure cycle storage
Secure parking

Halley House - Investment Highlights
Invest from £57,500
6.8% net yield
Gross rental income of £5,400 per annum
Currently tenanted at £120 per week
£3,900.80 per annum net figure

Location Details
Nottingham is one of the uk's top destinations with tourists spending over £1.5billion. Nottingham is rich in history with dynamic culture, live performances and excellent nightlife. The urban area is the largest in the East Midlands, taking home two major universities; the University on Nottingham and Nottingham Tent University. In 2015 Nottingham took home an estimated 321,500 people with over 70,610 individuals being students.

Purchase Process
1. Complete the reservation form and pay the £2,000 reservation fee.
2. Instruct solicitors and receive legal and sales pack
3. Pay the remaining balance on completion of contracts
Market activity
Average price paid £167,271 Sales 136 Current average value £155,470 (Zoopla Zed-Index) Value change £6,461 ▲ 4.34%

Property value data/graphs for NG1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £340,804 £125 4.6 -
Semi-detached £268,370 £109 4.0 £476,750
Terraced £179,377 £180 3.5 £203,083
Flats £151,095 £230 1.7 £153,866

Current asking prices in NG1

Average: £167,694
Avg. current asking prices in NG1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £150,000
(1)
£260,000
(2)
- £230,000
(1)
Flats £115,117
(48)
£172,194
(59)
£313,695
(10)
£572,500
(2)
-
All £115,117
(48)
£171,824
(60)
£304,746
(12)
£572,500
(2)
£230,000
(1)

Current asking rents in NG1

Average: £1,284 pcm
Avg. current asking prices in NG1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £335 pcm
(4)
£553 pcm
(2)
- £1,261 pcm
(4)
£1,817 pcm
(8)
Flats £701 pcm
(35)
£915 pcm
(47)
£1,448 pcm
(21)
£1,480 pcm
(22)
£2,022 pcm
(3)
All £663 pcm
(39)
£900 pcm
(49)
£1,448 pcm
(21)
£1,446 pcm
(26)
£1,873 pcm
(11)

Fun facts for NG1

Highest value in NG1
Highest value streets Zed-Index
Park Terrace £542,371
Standard Hill £246,578
The Ropewalk £245,188
Commerce Square £232,282
Clarendon Street £219,513
Highest turnover in NG1
Highest turnover streets Turnover
Beck Street 42.9%
Commerce Square 42.5%
Low Pavement 41.4%
Derby Street 39.5%
Ristes Place 36.7%

What Zoopla users think of Nottingham

Overall rating:

  • currently 4 stars
Very good - 77% (369 ratings)

Ratings breakdown:

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

Nearby transport

  • Nottingham (0.3 miles)
  • Netherfield (3.0 miles)
  • Carlton (3.1 miles)
  • East Midlands Airport (11.2 miles)
  • Robin Hood Airport (36.7 miles)
  • Coventry Airport (42.6 miles)
  • Hull Ferry Terminal (65.7 miles)
  • West Lynn Ferry Landing (65.7 miles)
  • King's Lynn Ferry Landing (65.8 miles)

Nearby schools

View all schools in Nottingham
  • St Joseph's School (0.4 miles)
  • Welbeck Primary School (0.5 miles)
  • Huntingdon Academy (0.7 miles)
  • Rise Learning Zone (0.1 miles)
  • Central College Nottingham (0.1 miles)
  • New College Nottingham (0.3 miles)
  • Stone Soup Academy (0.2 miles)
  • Sutherland House School (0.5 miles)
  • Nottingham Girls' High School GDST (0.8 miles)
Note: Distances are straight line measurements

Local info for Nottingham

About the neighbours in NG1

AskMe Q&A for Nottingham

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For more information about this property, please contact
Hopwood House Ltd, M34 on +44 161 506 9750 * (local rate)

Monthly running costs Beta

£414 Monthly total

Mortgage

Purchase price
Deposit (10%) 5,750
Repayment term 25
Interest rate 1.5
Your payment £206 /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 £18 Electricity £24 Estimated energy cost £42/mo

Similar properties could save up to £120

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.

Contact Hopwood House Ltd about this property

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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 Hopwood House Ltd, and do not constitute property particulars. Please contact Hopwood House Ltd 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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