0 Bedrooms Studio for sale in Maid Marian House, Maid Marian Way, Nottingham NG1 | £ 55,000
Overview
| Price: | £ 55,000 |
|---|---|
| Contract type: | For Sale |
| Type: | Studio |
| County: | Nottingham |
| Town: | Nottingham |
| Postcode: | NG1 |
| Address: | Maid Marian House, Maid Marian Way, Nottingham NG1 |
| Bathrooms: | 1 |
| Bedrooms: | 0 |
Property Description
This self-contained studio includes an en-suite shower room, bed, fitted kitchen and study area. The development also boasts its own gym, cinema room, common room, and laundry facilities; making it the perfect luxury option for students to work and play. Maid Marian House is a brilliant community for those studying at Nottingham University whilst being within walking distance to Nottingham's many local amenities, bars and clubs.
Nottingham is the perfect place to invest in student accommodation, home to two large universities, The University of Nottingham is the home to 27,209 students & Nottingham Trent University with 22,070 students. The demand for accommodation such as Maid Marion House is so high as 78.9% of students studying in the Nottingham universities can not be accommodated by student halls on campus, meaning they search for other housing options such as this! No denying that the popularity of the development combined with the fantastic returns opportunity is why investors are turning to Nottingham’s student market.
Financial Breakdown
Gross rent: £5,830
Ground rent: £295
Service charge: £1,543
Lettings fees: £525
Net income: £3,467
Gross yield: 10.6%
Net yield: 6.3%
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-13137
Property Location
Property Marketed by Yieldit
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