Studio flat for sale

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Studio flat for sale

Minerva House, Spaniel Row, Nottingham, NG1 6EP
£55,000

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 to a high standard and features a fitted kitchen, study area, and en-suite bathroom. Residents of Minerva House enjoy access to a range of communal facilities, including an entertainment lounge, gym, laundry facilities, and secure bike 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 high demand for student accommodation in Nottingham, this property is expected to generate a strong return, with a gross yield of 16.8% and a net yield of 8.53%. However, please note that the property is not eligible for a mortgage and can only be purchased as an investment property with cash.