Studio Flat For Sale, Glasshouse Street, Nottingham NG1

Description

**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!

Avalon Court is one of the most popular student accommodation developments in Nottingham, which is a popular UK city amongst students. It is perfect for the modern student who seeks a luxury home during their time at university - each pod has a private study and living area, as well as outstanding communal facilities such as a games room, cinema room and gymnasium.

Nottingham is a growing all the time as a top UK university destination, and the demand for student accommodation massively outweighs the supply. Avalon Court is perfectly placed to meet this demand, and it is no surprise that it consistently enjoys market-leading tenancy rates.

An extremely well connected city, Nottingham is accessible by rail, tram, bus and air. Nottingham’s transport system revamp to make it one of the most efficientin the country. Its system was modernised at a cost of £200 million to establish the Nottingham Express Transit, and themain train station is undergoing a £50m transformation to improve its appearance, making transport seamless for the city’s residents.

Most notably, Nottingham has recently been voted as having the best student night out in the UK, a result of a booming nightlife found in any one of the 400 clubs, pubs and café bars that line the city. This thriving scene helps make Nottingham an extremely popular destination forstudents. There are over 60,000 students in Nottingham studying at the historic city’s two universities, The University of Nottingham and Nottingham Trent University.

Please note: Images shown are of a show apartment and may not be representative of the property for sale.

Financial Breakdown

Gross rent: £7,949
Ground rent: £295
Service charge: £2,608
Lettings fees: £763
Net income: £4,283
Gross yield: 14.2%
Net yield: 7.65%

Important Note To Purchasers

*Service charge, management fee and ground rent are included as part of the assured rental period.
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-17252

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Studio Flat For Sale £56,000 Glasshouse Street, Nottingham NG1

Studio Flat For Sale £56,000
Glasshouse Street, Nottingham NG1