Hounds Gate, Nottingham, Nottinghamshire, NG1
- PROPERTY TYPE
Apartment
- BEDROOMS
2
- SIZE
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Key features
- Buy-to-let property investment
- Being sold with the current tenants in situ
- Annual rental income of £15,000 with potential to achieve £16,500
- 250 year lease as of 2017
- Current gross yield of 6.88% with potential to achieve 7.6%
- Contemporary design and modern finish resulting in high tenant demand
Description
Asking Price: £195,000
Current Rental Income: £1,250pcm (£15,000 per annum)
Ground Rent: £300 per annum
Service Charges: £1,294 per annum
Lease: 250 years from January 2017
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Investment Opportunity
This stunning 2-bedroom, 2-bathroom apartment in the highly sought-after Hounds Gate Court presents an ideal investment opportunity. Sold with sitting tenants, the property is currently achieving a rental income of £1,250 per calendar month, offering immediate returns for the discerning investor.
Net Annual Income:
* Rental income: £15,000
* Less ground rent: £300
* Less service charges: £1,294
Net income: £13,406
Yield Calculation:
* Net Yield: 6.88% based on asking price of £195,000
This makes 37 Hounds Gate a strong addition to any property portfolio, combining a high-quality build with excellent rental returns in a prime Nottingham location.
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Property Features
* 2 double bedrooms, master with en-suite
* Family bathroom
* Spacious living/dining area, filled with natural light
* Luxury fitted kitchen with appliances
* Neutral tones and stylish furnishings throughout
* Contemporary design and modern finish
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Additional Information
* Lease: 250-year lease from January 2017
* Ground Rent: £300 per annum
* Service Charges: £1,294 per annum
Hounds Gate Court is a sought-after development, offering stylish, contemporary apartments in a prime central Nottingham location, popular with professionals and students alike.
With a long lease, attractive rental income, and sitting tenants, this apartment represents a secure and immediate investment return.
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Let Pure Investor Take The Strain .....
We offer a comprehensive lettings and property management service, ensuring our landlords benefit from a single point of contact for their entire portfolio. From London to Lancaster, from Cardiff to Colchester, we offer a fully managed service for landlords looking to minimise costs and maximise efficiency across their portfolio.
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If you would like to find out more about our lettings and property management service, or would like to find out how much we can save you each month, why not contact our team today on Tel: to find out more
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- 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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Hounds Gate, Nottingham, Nottinghamshire, NG1
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Visit our security centre to find out moreDisclaimer - Property reference Hounds-gate-nottingham. 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 Pure, Manchester. 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.
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