Studio flat for sale

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Studio flat for sale

Minerva House, Spaniel Row, Nottingham NG1
£40,000

Our Summary

  • 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

Description

This is a self-contained deluxe studio apartment in Minerva House, a popular student accommodation development in Nottingham. The apartment is fully furnished and comes with a fitted kitchen, study area, and en-suite. Residents have access to a range of communal facilities, including an entertainment lounge, gym, laundry facilities, and secure bicycle storage. The property is located within walking distance of Nottingham Trent University and a short bus ride from the University of Nottingham, making it an ideal investment opportunity for cash buyers. With a gross yield of 17.6% and a net yield of 7.55%, this property offers a strong return on investment. However, please note that the property is not eligible for a mortgage and can only be bought as an investment property, with no intention to occupy.