Studio for sale

Maid Marian House, 51 Hounds Gate, Notthingham NG16Bb NG1

Maid Marian House, 51 Hounds Gate, Notthingham, Ng16Bb

*please note! Due to the size and lease restrictions on purpose built student accommodation, this property is not eligible for a mortgage and can only be bought as an investment property - cash buyers only need apply.

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, and within walking distance to Nottingham's many local amenities including shops, restaurants, bars and clubs.

Nottingham is a thriving student city. Home to two of the UK's most popular universities, Nottingham has a student population in excess of 54,000, with this figure growing every year. Although officially categorised as a city, Nottingham feels like a big town. Whilst enjoying all the amenities that befits its city status, Nottingham has the comfort and peaceful ambience of a town. In keeping with its homely feel, Nottingham has always been proud of its stunning fusion of heritage and history mixed with a modern, cosmopolitan city. Nottingham has an abundance of cultural hotspots. The city is also known for being the home of the legendary figure Robin Hood, poet Lord Byron and novelist D.H. Lawrence - there are references to these famous figures all around the city.

Nottingham is the perfect place to invest in student accommodation, with The University of Nottingham being home to 27,209 students & Nottingham Trent University being home to 22,070 students.

Financial Breakdown

Gross Rent: £9,690.00
Net income: £4,142.46
Gross yield: 24.85%
Net yield: 10.62%
Please contact agent for full financial breakdown.

Important note to purchasers: 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 or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-08487