Guide price
£64,995
Studio for saleThe Laceworks, Queens Road, Nottingham, Nottinghamshire NG2
1 bath
Just added
About this property
Investment
Fully Tenanted
12% Gross Yield
8% Return
Fully Furnished
Property Specifications & Design
This 20 sq m studio has been architecturally designed to maximize space and functionality, catering to the modern student-s high expectations.
Living Zones: The apartment features intelligently defined areas for sleeping, socialising, and quiet study.Bespoke Kitchen: Fully integrated with premium, modern appliances and high-durability cabinetry.En-suite Facilities: A private, contemporary shower room finished to a high specification.Technology: Provisioned with high-speed Wi-Fi and hardwired data points to support heavy academic and leisure usage.
Financial Performance: The asset demonstrates a robust income profile with a significant yield that outperforms traditional residential buy-to-lets.
Gross Annual Rental Income: £8145.00Current Yield: 12.5% (Gross)Service Charge: £2,563.55 per annum (Covers maintenance, communal utilities, and amenities)Ground Rent: £350 per annumTenure: Leasehold Unrivalled Building Amenities
The Laceworks distinguishes itself through 'hotel-style' communal spaces that ensure high retention rates and consistent demand:
Health & Wellness: On-site professional-grade gym and secure cycle storage.Social & Academic Hubs: A coffee-lounge style social area, games zones, private dining room for hosting, and a communal kitchen.Operations & Security: 24/7 security presence with night officers, CCTV, secure gated access, and a dedicated parcel delivery room.Utility Management: A 'bills-included' model for tenants (water, heating, electricity), simplifying the rental process and increasing the propertys attractiveness to international students.
Market Context: The Nottingham Advantage: Nottingham remains one of the UK-s most undersupplied student markets. With a combined student population exceeding 60,000, there is a chronic shortage of high-quality, private studio accommodation. Investing in a 222-unit established development like The Laceworks provides the benefit of scale and professional management in a high-growth zone.
Investment Summary: With a net yield of approximately 8% this property represents a high-performing alternative to standard buy-to-let investments. The combination of its central location, premium amenities, and the 'all-inclusive' nature of the tenancy makes it an ideal addition to a diversified property portfolio seeking immediate cash flow.
Ref:
This 20 sq m studio has been architecturally designed to maximize space and functionality, catering to the modern student-s high expectations.
Living Zones: The apartment features intelligently defined areas for sleeping, socialising, and quiet study.Bespoke Kitchen: Fully integrated with premium, modern appliances and high-durability cabinetry.En-suite Facilities: A private, contemporary shower room finished to a high specification.Technology: Provisioned with high-speed Wi-Fi and hardwired data points to support heavy academic and leisure usage.
Financial Performance: The asset demonstrates a robust income profile with a significant yield that outperforms traditional residential buy-to-lets.
Gross Annual Rental Income: £8145.00Current Yield: 12.5% (Gross)Service Charge: £2,563.55 per annum (Covers maintenance, communal utilities, and amenities)Ground Rent: £350 per annumTenure: Leasehold Unrivalled Building Amenities
The Laceworks distinguishes itself through 'hotel-style' communal spaces that ensure high retention rates and consistent demand:
Health & Wellness: On-site professional-grade gym and secure cycle storage.Social & Academic Hubs: A coffee-lounge style social area, games zones, private dining room for hosting, and a communal kitchen.Operations & Security: 24/7 security presence with night officers, CCTV, secure gated access, and a dedicated parcel delivery room.Utility Management: A 'bills-included' model for tenants (water, heating, electricity), simplifying the rental process and increasing the propertys attractiveness to international students.
Market Context: The Nottingham Advantage: Nottingham remains one of the UK-s most undersupplied student markets. With a combined student population exceeding 60,000, there is a chronic shortage of high-quality, private studio accommodation. Investing in a 222-unit established development like The Laceworks provides the benefit of scale and professional management in a high-growth zone.
Investment Summary: With a net yield of approximately 8% this property represents a high-performing alternative to standard buy-to-let investments. The combination of its central location, premium amenities, and the 'all-inclusive' nature of the tenancy makes it an ideal addition to a diversified property portfolio seeking immediate cash flow.
Ref:
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£325 per month
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