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Maid Marian House, Hounds Gate, Nottingham

PROPERTY TYPE

Apartment

BEDROOMS

1

BATHROOMS

1

SIZE

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Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Floorplan 1
1

Key features

  • High Rental Yield: Current yield of 17%, with potential to reach 18.6%.
  • Strong Rental Demand: Perfectly positioned to attract students and professionals.
  • Affordable Investment: Offered at a competitive asking price of £45,000.
  • Secure Development: Located in a managed complex with excellent facilities.
  • Income Potential: Scope to increase rent to £175 per week for higher returns.
  • Prime Location: Situated in Nottingham City Centre near Nottingham Trent University.
  • Open-Plan Design: Modern studio layout with a living-bedroom area and kitchenette.
  • Private Shower Room: Features a contemporary three-piece suite.
  • Resident Amenities: Includes an on-site gym, common room, and concierge.
  • Zero Ground Rent: No ground rent payable, offering a unique cost-saving advantage.

Description

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. 
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: B
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Maid Marian House, Hounds Gate, Nottingham

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About Tristrams Sales & Lettings, Nottingham

260-262 Derby Road, Bramcote, Nottingham, NG9 3JN
Industry affiliations:

Tristram's are a forward thinking and pro-active estate agency who pride ourselves on offering honest and accurate advice when it comes to dealing with your potential move. Tristram's are an independent estate agency situated in Bramcote, Nottingham who largely contribute to the growth of the market in all of Nottingham and the surrounding areas. We strive for better marketing, a better service and better results. This is done by constantly reviewing how the market is evolving and what reacts best to these changes. For transparency we advertise our fees for the various marketing packages we offer to suit your individual needs, we understand that all people are different and require different methods, therefore we don't believe there is a one size fits all approach.

We understand that selling a property is not only a financial move but also an emotional one, therefore your potential move is treated with a personal service, the upmost respect and care from start to finish. Our clients reviews can be seen in depth on our Google and Facebook webpages which demonstrates this.

To ensure a stress free move we employ the most effective marketing methods and practices to ensure that we sell your property for the best possible price within a timescale that suits your situation.

We strive for better marketing, a better service and better results. This is done by constantly reviewing how the market is evolving and what reacts best to these changes.

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Disclaimer - Property reference 101457008952. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Tristrams Sales & Lettings, Nottingham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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