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1 bed flat for sale

£82,000 From

Russell Street, Nottingham NG7

1 1
Interested in this property? Call +44 330 098 9774 * or Request Details

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Property description

Investment Opportunity Guaranteed Returns! -Luxury Student Accommodation
Now Completed
7% Rent Guarantee: Year 1,2,3,8% Rent Guarantee Year 4 & 5
Leasehold: 999 years

Luxury Studio apartments available from £82,000

Fantastic opportunity to purchase a studio apartment in a recently converted Grade II listed building, each studio comes equipped with open plan kitchen and lounge area, flat screen TV, modern appliances, and contemporary style furniture.

This building oozes luxury, residents can benefit from excellent communal facilities including a swimming pool, health club, café, 5D cinema room, private library and social common rooms.

Location is Key for students when choosing accommodation and this property doesn’t fail to deliver. The building is only 0.4 miles away from Nottingham Trent University, 2.4 miles from The University of Nottingham and only 0.5 miles away from the City Center where students can relish in the cities nightlife, restaurants and the vast array of shops.

The University of Nottingham has been ranked within the top 10 in the UK, top 30 in Europe and top 75 in the world, whilst Nottingham Trent has announced plans to invest £200 million across all three of its campuses. Nottingham is home to over 60,000 students making it one to consider when thinking of investing.
Market activity
Average price paid £181,650 Sales 373 Current average value £164,240 (Zoopla Zed-Index) Value change £158 ▲ 0.10%

Property value data/graphs for NG7

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £360,583 £225 4.1 £517,951
Semi-detached £183,054 £174 3.5 £182,520
Terraced £129,462 £166 3.1 £139,537
Flats £166,098 £239 1.9 £170,438

Current asking prices in NG7

Average: £171,235
Avg. current asking prices in NG7
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £150,000
(2)
£127,722
(20)
£144,603
(38)
£229,412
(17)
£427,486
(4)
Flats £100,362
(28)
£142,800
(44)
£285,000
(5)
£335,000
(2)
-
All £103,671
(30)
£138,088
(64)
£160,928
(43)
£240,526
(19)
£427,486
(4)

Current asking rents in NG7

Average: £907 pcm
Avg. current asking prices in NG7
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £385 pcm
(94)
£683 pcm
(30)
£933 pcm
(40)
£1,159 pcm
(97)
£1,128 pcm
(63)
Flats £484 pcm
(145)
£828 pcm
(62)
£1,095 pcm
(10)
£961 pcm
(14)
£1,556 pcm
(16)
All £445 pcm
(239)
£781 pcm
(92)
£965 pcm
(50)
£1,134 pcm
(111)
£1,215 pcm
(79)

Fun facts for NG7

Highest value in NG7
Highest value streets Zed-Index
Derby Road £1,031,227
Huntingdon Drive £754,780
Cavendish Crescent North £673,646
Tattershall Drive £488,873
Barrack Lane £456,470
Highest turnover in NG7
Highest turnover streets Turnover
Fiennes Crescent 56.2%
Lincoln Circus 53.3%
Huntingdon Drive 50.0%
Turnstone Wharf 50.0%
Ivy Grove 41.7%

What Zoopla users think of Nottingham

Overall rating:

  • currently 4 stars
Very good - 78% (405 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 (1.2 miles)
  • Bulwell (3.0 miles)
  • Beeston (3.2 miles)
  • East Midlands Airport (11.2 miles)
  • Robin Hood Airport (36.2 miles)
  • Birmingham International Airport (42.7 miles)
  • Hull Ferry Terminal (65.6 miles)
  • West Lynn Ferry Landing (66.4 miles)
  • King's Lynn Ferry Landing (66.6 miles)

Nearby schools

View all schools in Nottingham
  • Bentinck Primary and Nursery School (0.3 miles)
  • Mellers Primary School (0.3 miles)
  • St Joseph's School (0.5 miles)
  • Unity Academy (0.1 miles)
  • Nottingham University Academy of Science and Technology (1.4 miles)
  • Channeling Positivity (1.5 miles)
  • Denewood Academy (0.1 miles)
  • Nottingham High School (0.3 miles)
  • Nottingham Girls' High School GDST (0.5 miles)
Note: Distances are straight line measurements

Local info for Nottingham

AskMe Q&A for Nottingham

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For more information about this property, please contact
Direct Marketplace Limited, M1 on +44 330 098 9774 * (local rate)

Monthly running costs Beta

£498 Monthly total

Mortgage

Purchase price
Deposit (10%) 8,200
Repayment term 25
Interest rate 1.5
Your payment £295 /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

Contents value up to £80,000 Average insurance cost £16/mo (£186/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 £20 Electricity £24 Estimated energy cost £44/mo

Similar properties could save up to £160

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 Direct Marketplace Limited, and do not constitute property particulars. Please contact Direct Marketplace Limited 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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