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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

  • Prime Location: Situated on Maid Marian Way, close to Nottingham Trent University and city amenities
  • Affordable Investment: Priced at £45,000, ideal for investors.
  • No Ground Rent: Zero ground rent, offering long-term savings.
  • Resident Facilities: Includes gym, communal lounge, and concierge service.
  • Income Stability: Generates £8,160 per year with reliable tenancy in place.
  • High Yield: Currently generating a 16.27% yield with potential to reach 18.06%.
  • Modern Design: Open-plan studio with kitchenette and sleek shower room.
  • Tenant Ready: Already tenanted at £175 per week, ensuring immediate income.
  • Appealing Market: Ideal for students and professionals seeking city-centre living.
  • Strong Community: Vibrant development with modern amenities for residents.

Description

SUMMARY: This property combines affordability with exceptional rental returns, making it an attractive choice for investors. Its prime location, modern facilities, and zero ground rent obligations ensure it is a compelling addition to any landlord's portfolio.

The property offers a thoughtfully designed open-plan living and sleeping area, complete with a kitchenette and a sleek, modern three-piece shower room. Residents also benefit from access to exclusive on-site facilities such as an internal gym, a spacious communal lounge, and a concierge service, creating a vibrant and well-connected community. An added advantage of this property is the absence of ground rent charges, providing long-term savings for the owner.

Currently tenanted at £175 per week for 44 weeks, the property generates an impressive annual income of £8,160, delivering a strong yield of approximately 16.27% based on the asking price of £48,000. Furthermore, the rental potential could be increased to £170 per week, boosting the annual income to £8,670 and achieving an even higher yield of around 18.06%.

This is an outstanding opportunity for investors looking to secure a high-yield property in the heart of Nottingham City Centre. Located on Maid Marian Way, this studio apartment is perfectly positioned to appeal to students and young professionals, with Nottingham Trent University just a stone's throw away and a wide range of local amenities including shops, supermarkets, bars, and restaurants nearby. 
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.

Your mortgage

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Monthly repayments
£215
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Disclaimer - Property reference 101457008953. 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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