1 /16
£60,000
Pbsa Studio Apartment - Minerva House, Nottingham, NG1
- 0 beds
£60,000
- 0 beds
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Estimate monthly mortgage payment:
£274 per month
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
£3,000
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Modern Student Studio Apartment in Minerva House, Nottingham - Investment Opportunity
This well-appointed student studio at Minerva House offers a prime investment opportunity in Nottingham's city centre. Located on the 3rd floor, this 27 sqm apartment comes fully furnished and is currently tenanted until July 2025, providing immediate rental income with an 8.25% NET yield. Minerva House is ideally situated for student living, only a short walk from both Nottingham universities. The development includes essential amenities and managed letting services, ensuring a hassle-free investment.
Key Details:
* Price: £60,000
* Rental Income: £9,130 annually (£207.50 per week)
* Tenancy: 9 September 2024 - 14 July 2025
* Lease: 253 years from January 2013
* Ground Rent: £150 (RPI increase every 25 years)
* Service Charge: £3,151.53 annually
* Letting Fees: 8% + VAT (£876.48)
Features:
This premium student studio in Minerva House offers a perfect blend of comfort and convenience, ideal for students wanting a central, fully equipped living space in Nottingham. Located just a minute from Old Market Square, the studio includes a double bed, modern kitchen with appliances, and an ensuite bathroom. Additional benefits include an ergonomic study area, high-speed Wi-Fi, and inclusive bills, ensuring a stress-free living experience.
* All bills included (electricity, water, Wi-Fi)
* Fully furnished with a 43" TV, blackout blinds, and ample storage
* Social and study areas, bike storage, and laundry facilities
* 24/7 CCTV, onsite support team, and out-of-hours emergency service
* Just 15 minutes by tram to the University of Nottingham and 12 minutes walking to Nottingham Trent University
Availability:
Weekly Rent: £207.50
Tenancy: 51 weeks
For viewings or further inquiries, contact Residential Estates: [email protected] / 01244 343 355
Tenure: Leasehold (253 years)
Ground Rent: £150 per year (reviewed every 25 years)
Service Charge: £3,151.53 per year
This well-appointed student studio at Minerva House offers a prime investment opportunity in Nottingham's city centre. Located on the 3rd floor, this 27 sqm apartment comes fully furnished and is currently tenanted until July 2025, providing immediate rental income with an 8.25% NET yield. Minerva House is ideally situated for student living, only a short walk from both Nottingham universities. The development includes essential amenities and managed letting services, ensuring a hassle-free investment.
Key Details:
* Price: £60,000
* Rental Income: £9,130 annually (£207.50 per week)
* Tenancy: 9 September 2024 - 14 July 2025
* Lease: 253 years from January 2013
* Ground Rent: £150 (RPI increase every 25 years)
* Service Charge: £3,151.53 annually
* Letting Fees: 8% + VAT (£876.48)
Features:
This premium student studio in Minerva House offers a perfect blend of comfort and convenience, ideal for students wanting a central, fully equipped living space in Nottingham. Located just a minute from Old Market Square, the studio includes a double bed, modern kitchen with appliances, and an ensuite bathroom. Additional benefits include an ergonomic study area, high-speed Wi-Fi, and inclusive bills, ensuring a stress-free living experience.
* All bills included (electricity, water, Wi-Fi)
* Fully furnished with a 43" TV, blackout blinds, and ample storage
* Social and study areas, bike storage, and laundry facilities
* 24/7 CCTV, onsite support team, and out-of-hours emergency service
* Just 15 minutes by tram to the University of Nottingham and 12 minutes walking to Nottingham Trent University
Availability:
Weekly Rent: £207.50
Tenancy: 51 weeks
For viewings or further inquiries, contact Residential Estates: [email protected] / 01244 343 355
Tenure: Leasehold (253 years)
Ground Rent: £150 per year (reviewed every 25 years)
Service Charge: £3,151.53 per year
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£274 per month
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Stamp Duty Land Tax (SDLT) is a tax you might have to pay if you purchase a property or land. SDLT applies to properties above a certain price threshold. The amount you'll have to pay depends on the property's value and if you already own a property, or have done so in the past. If you are a first-time buyer, or you are purchasing multiple dwellings, you may be eligible for a discount (tax relief).
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Mortgage and legal costs:
£999
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