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Hounds Gate, Nottingham, NG1

Key features

  • Prime city-centre location with proven rental demand
  • Outstanding net yield (9.2%)
  • Fully managed - ideal for hands-off investors
  • Walking distance of shops, restaurants, and key transport links
  • Long lease

Description

Maid Marian House, 56 Hounds Gate, Nottingham, NG1 6BH
£35,000 | Leasehold (Approx. 240 years remaining)
Outstanding net yield (9.2%)

An exceptional opportunity to acquire a high-yielding city-centre studio apartment at a highly competitive price point, ideally positioned in the heart of Nottingham and perfectly suited to investors seeking strong cash flow.

Located within Maid Marian House, the property benefits from immediate access to Nottingham's extensive amenities, nightlife, and transport links, making it a consistently popular choice for both students and young professionals.

The apartment is offered with a long lease of approximately 240 years remaining and is professionally managed, providing a hands-off investment option.

Investment Overview

Based on a rental income of £182.50 per week over 48 weeks (£8,760 per annum):

Net Yield: 9.2% (after management, service charge, and ground rent)

Annual Costs:

Lettings & management (11% + VAT): £1,156.32

Service charge: £4,080.84

Ground rent: £295

Net Income: £3,227.84 per annum

This represents a rare opportunity to secure strong net yield, significantly outperforming many traditional buy-to-let investments.

Location & Tenant Demand

Nottingham remains one of the UK's strongest student rental markets, driven by two major universities Nottingham Trent University and University of Nottingham.
The central location ensures consistent demand from students, postgraduates, and young professionals, with the convenience of being within walking distance of shops, restaurants, and key transport links. Residents of Maid Marian House benefit from a range of on-site amenities designed to enhance tenant appeal and retention, including a fully equipped residents' gym, dedicated study areas, and communal social spaces, all within a secure, controlled-access development. The building is professionally managed and offers a safe, community-focused environment, making it particularly attractive to students and young professionals seeking convenience and lifestyle as well as accommodation.

Why This is a Strong Investment

Outstanding net yield (9.2%)
Low entry price (£35,000)
Fully managed - ideal for hands-off investors
Prime city-centre location with proven rental demand
Long lease (approx. 240 years remaining)
While service charges are higher (typical for city-centre developments), the exceptional rental income and low purchase price combine to deliver a highly attractive net return.

Summary

A high-performing, income-generating asset in a prime Nottingham location. This property is ideal for investors seeking strong cash flow, low capital outlay, and a fully managed, turnkey investment in a resilient rental market.
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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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Hounds Gate, Nottingham, NG1

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About Pure, Manchester

The Lightwell, 61-63 Brown Street Manchester M2 2JG

Having sold investment properties for almost 14 years, Pure Investor is today one of the most established and recognisable property investment consultancies in the UK. Our commitment to the very highest levels of customer service has resulted in Pure Investor now being rated 4.9 out of 5.0 'Excellent' on Trustpilot.

Thinking Of Investing In Property In The UK?

We offer one of the UK widest portfolio's of investment properties available. From traditional, residential buy-to-let properties and purpose built student accommodation, through to market leading off-plan developments in locations including Manchester, London, Birmingham and many more destinations throughout the UK.

Our focus is genuinely consultative, and regardless of whether you're a first time property investor or an institution, we aim to assist our clients in achieving their long term investment goals through property. Many of our client have worked with Pure Investor for many years, both purchasing and selling their investment properties through us.

Thinking Of Selling?

We're one of the UK's leading providers of tenanted buy-to-let properties, and as such if you are considering selling your investment property, but are not sure how to sell with tenants in situ, why not contact our team today to find out about our specialist resales service? We have a global network of property investors who are proactive in purchasing tenanted properties to add to their current portfolios.

Thinking Of Renting Your Property Out?

We have one of the regions fastest growing lettings portfolios, and our full service property management and lettings service is specifically designed to cater for the demands of more established landlords operating throughout the North West of England.

Regardless of whether you are looking to invest in property, or sell your buy-to-let, why not give our team of experienced property consultants a call today to find out more about our services?

We look forward to speaking with you!

Affordability

Monthly repayments£160
Property: £ 35,000
Deposit: £ 3,500
Interest rate: 4.5%
Term: 30 years
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Disclaimer - Property reference 214-maidmarian. 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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