Studio

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Studio

Maid Marian House, 51 Hounds Gate, 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

Maid Marian House is a luxury student accommodation located in Nottingham, within walking distance to the city's amenities, including shops, restaurants, bars, and clubs. The property is a self-contained studio with an en-suite shower room, bed, fitted kitchen, and study area. The development offers a range of communal facilities, including a gym, cinema room, common room, and laundry facilities. Nottingham is a thriving student city, with a large student population and two popular universities. The property is available for cash buyers only and can only be purchased as an investment property due to lease restrictions. The financial breakdown shows a gross rent of £9,880, net income of £4,584.72, gross yield of 24.7%, and net yield of 11.46%.