Studio Flat For Sale £57,000
Minerva House, Spaniel Row, Nottingham NG1
previous price £60,000

Minerva House is a fantastic student investment opportunity located 7 minutes from Nottingham Trent University and only 6 minutes away from the train station. Within walking distance to local amenities, bars, and clubs, Minerva House is a brilliant community for those studying at Nottingham University.

This Premium Studio is extra spacious and includes a fitted kitchen, common room and a double bed. Students will have access to the on-site amenities which include Wi-Fi, private residents’ gym, social area and cinema room.

This apartment is currently tenanted and is let and managed by an experienced letting agent.

Financial Breakdown

Gross rent: £6,885
Ground rent: £150
Service charge: £1,890
Lettings fees: £909
Net income: £3,936
Gross yield: 10.28%
Net yield: 5.87%

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 must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-11655