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£65,000
Glasshouse Street, Nottingham, Nottinghamshire, NG1
- 1 bed
£65,000
- 1 bed
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Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
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Due to the size and lease restrictions on purpose-built student accommodation, this property is not eligible for a mortgage and can only be bought as an investment property - cash buyers only need apply!
Avalon Court is one of the most popular student accommodation developments in Nottingham, which is a popular UK city amongst students. It is perfect for the modern student who seeks a luxury home at university. Each pod has a private study and living area, as well as outstanding communal facilities such as a games room, cinema room and gymnasium.
Nottingham is growing all the time as a top UK university destination, and the demand for student accommodation massively outweighs the supply. Avalon Court is perfectly placed to meet this demand, and it is no surprise that it consistently enjoys market-leading tenancy rates.
Managed and let by the experienced agent Fortis Student Living, students and investors alike can be reassured that they are in good hands. By purchasing this property, you will enjoy immediate income as the property is currently tenanted. Enquire today to avoid disappointment!
This beautifully presented self contained modern studio includes one bedroom space, fitted kitchen, en suite shower room and living/ study space.
The development has a gym, common room and laundry facilities.
Ideal for investor or parents with son or daughter attending university. Note you probably need to be a cash buyer as many lenders do not accept this type of property a security.
Perfect for students of NTU or Nottingham University. Within walking distance of Nottingham's shops, restaurants, bars and clubs.
Located within the city centre and a great investment opportunity.
Financial Breakdown
Gross rent: £8,160
Ground rent: £295
Service charge: £3,153
Lettings fees: £1,077
Net income: £3,635
Gross yield: 15.4%
Net yield: 6.86%
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