Maid Marian House, Hounds Gate, Nottingham, NG1

SUMMARY: This is a fantastic key-turn opportunity for investors seeking a high-yield property in the heart of Nottingham City Centre. Situated on Maid Marian Way, this studio apartment is ideally positioned to attract students and young professionals, offering close proximity to Nottingham Trent University and an array of local amenities including shops, supermarkets, bars, and restaurants.

The property features an open-plan living-bedroom area with a kitchenette and a modern three-piece shower room. Residents of this development also benefit from exclusive access to an internal gym, a spacious common room, and the convenience of a concierge service, creating a vibrant and well-connected living environment. A unique feature of this property is the absence of any ground rent obligations, providing a significant cost-saving advantage for the owner.

With a current tenancy agreement generating £160 per week for 51 weeks, the property delivers an annual rental income of £8,160, equating to an impressive yield of approximately 17% based on the asking price of £48,000. There is further potential to increase the rental income to £175 per week, which would raise the annual income to £8,925 and enhance the yield to approximately 18.6%.

Combining affordability, high rental demand, and strong rental yields, this property stands out as a prime investment opportunity. Its exceptional location, modern amenities, and the advantage of zero ground rent make it an attractive choice for landlords seeking reliable and lucrative returns.