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1 bed flat for sale

£79,900 (£372/sq. ft) From

Summer Leys Lane, Nottingham NG2

1 1 215 sq. ft*
Interested in this property? Call +44 161 506 9815 * or

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

Property features

  • Private garden
  • Balcony
  • Central heating
  • Double glazing
  • Porter/security
  • 7.75% Guaranteed Net Rental Income
  • Close to Nottingham Train Station
  • Experienced Developer
  • Free Furniture pack

Property description

Development Overview:

For Investment Purposes Only – 50% Deposit Required
The student accommodation is 7 storeys in total with the 7th floor set back providing roof terrace access to many of the Studios on this floor. Sizes range from 20 Sq M and 46 Sq M with several units offering 2 bedrooms to allow shares living. Each studio is designed to respond to current market demand for high quality accommodation, including; en-suite bathrooms, bespoke kitchens and separate living, study and sleeping areas.
• 222 high quality fully managed city centre student studios priced from £79,900
• Free Furniture pack available
• Investment net return yield: 7.75%
• 5 years Rental Guaranteed
• Completion: 2019 Q3
• Lease: 250 years

Why Nottingham?
Located in the heart of England, Nottingham is a vibrant and truly modern city. With a population of over 350,000 people and home to the legendary Robin Hood, Nottingham is known as the Capital of the East Midlands.
• Two world-leading universities with over 70,000 students, 4th largest University city in the UK.
• A £12bn economy making Nottingham the economic capital of the East Midlands.
• Strong transport links via road, rail and air bringing the UK and Europe to your doorstep.
• £1bn recently invested to enhance transport links and infrastructure.
• Modern and extensive tram system, linking the student accommodation to each university

Location:
Situated opposite Nottingham’s central train and tram stations just on the edge of the compact City Centre, the student accommodation is ideally located to benefit from both main university campuses and within easy walking distance to shops and restaurants, creating a perfect location for a luxury student residence.

Distance by foot:
Nottingham Tram Station (5 mins)
Intu Broadmarsh (6 mins)
Lace Market (10 mins)
Nottingham Trent University (13 mins)
University of Nottingham (33 mins)
Queens Medical Centre (28 mins)

Payment plan:
1. £5000 on Reservation
2. Solicitor prepares purchasing exchange contract and legal documents.
3. Reserve the unit for 21 days - 50% on Exchange (less reservation fee £5000)
4. 25% stage payment 11 months after start on site, but no less than 3 months
5. Remainder on completion (Expected end of August 2019)

樓盤特色:
• 开发商为拥有25年历史的大型开发商,经验丰富,目前在全英同时管理着超过2亿英镑的商业及住宅项目
• 位于诺丁汉市中心,共7层,222套豪华公寓,众多顶层户型皆带露台
• 坐拥诺丁汉城市全景,7层众多户型带有屋顶露台,户型多样,部分双人套间的户型可供两人合租,
• 每套公寓都是基于当前市场对高品质住宿的需求设计,包括独立卫浴,定制厨房,定制厨房,高品质全套家具家电,高速无线网络等。
• 年租金回报率: 高達7.75%,保證包租5年,按季度支付
• 管理公司提供一站式全包服务,购买到出租全程无忧。
• 全天24小时不间断管家服务
• 送全套家具,學生拎包入住
• 公寓提供一流的配套设施,包括24小时酒店式大堂礼宾接待,自行车库,快递收纳室,洗衣房,自习室,游戏区,就餐区,安静的阁楼休息区和咖啡风格的社交空间。
• 预计2019年第三季度交付
• 产权250年

地理位置:
诺丁汉市中心的绝佳地理位置,步行可达诺丁汉两所知名大学和市中心繁华地段,是学生和年轻专业人士的最佳选择。
• 诺丁汉电车站:约300米,步行4分钟
• 诺丁汉火车站:约350米,步行5分钟
• Broadmarsh购物中心:约800米,步行10分钟
• 诺丁汉特伦特大学:约1500米,步行16分钟
• 诺丁汉城堡:约1200米,步行12分钟

购买流程:
1. 订购表及押金£5000
2. 律师出具买卖交换合同及法律相关文件
3. 支付50%首期房款(减去押金)并签订买卖交换合同(21天内完成)
4. 动工后11个月(2019年二月)阶段性付款25%
5. 工程完工时支付房款的余款(25%)

Property info

Market activity
Average price paid £258,479 Sales 677 Current average value £265,993 (Zoopla Zed-Index) Value change £5,520 ▲ 2.12%

Property value data/graphs for NG2

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £408,299 £282 3.8 £401,406
Semi-detached £281,230 £254 3.4 £295,424
Terraced £145,899 £197 2.8 £160,147
Flats £156,649 £240 1.8 £145,812

Current asking prices in NG2

Average: £276,967
Avg. current asking prices in NG2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £77,500
(2)
£153,085
(10)
£199,356
(36)
£332,863
(54)
£511,667
(6)
Flats £125,161
(20)
£189,437
(32)
£378,000
(5)
- -
All £120,828
(22)
£180,782
(42)
£221,141
(41)
£332,863
(54)
£511,667
(6)

Current asking rents in NG2

Average: £827 pcm
Avg. current asking prices in NG2
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £380 pcm
(19)
£731 pcm
(20)
£850 pcm
(19)
£1,080 pcm
(18)
£1,206 pcm
(11)
Flats £506 pcm
(37)
£788 pcm
(40)
£965 pcm
(19)
£1,629 pcm
(3)
-
All £463 pcm
(56)
£769 pcm
(60)
£908 pcm
(38)
£1,158 pcm
(21)
£1,206 pcm
(11)

Fun facts for NG2

Highest value in NG2
Highest value streets Zed-Index
Dovedale Road £937,058
Valley Road £850,931
Heathervale £637,042
Bridgford Road £609,161
Boundary Road £607,162
Highest turnover in NG2
Highest turnover streets Turnover
Cremorne Drive 64.7%
Boxley Drive 60.0%
Marlborough Court 56.9%
West Avenue 52.6%
Tavistock Road 50.0%

What Zoopla users think of Nottingham

Overall rating:

  • currently 4 stars
Very good - 77% (385 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 (0.1 miles)
  • Netherfield (2.9 miles)
  • Carlton (3.0 miles)
  • East Midlands Airport (11.1 miles)
  • Robin Hood Airport (37.0 miles)
  • Coventry Airport (42.3 miles)
  • West Lynn Ferry Landing (65.4 miles)
  • King's Lynn Ferry Landing (65.5 miles)
  • Hull Ferry Terminal (65.8 miles)

Nearby schools

View all schools in Nottingham
  • Welbeck Primary School (0.3 miles)
  • Greenfields Community School (0.4 miles)
  • William Booth Primary and Nursery School (0.6 miles)
  • Channeling Positivity (0.8 miles)
  • Unity Academy (1.4 miles)
  • Nottingham University Academy of Science and Technology (1.6 miles)
  • Stone Soup Academy (0.3 miles)
  • Sutherland House School (0.7 miles)
  • The Nottingham Emmanuel School (1.0 mile)
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
LandThings, M50 on +44 161 506 9815 * (local rate)

Monthly running costs Beta

£490 Monthly total

Mortgage

Purchase price
Deposit (10%) 7,990
Repayment term 25
Interest rate 1.5
Your payment £287 /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 £18/mo (£214/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 LandThings, and do not constitute property particulars. Please contact LandThings 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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