Hide menu

Nottingham Block of Apartments

Nottingham

Location

8%

NET Yield

£850,000

Purchase Price

Nottingham Apartment Block

Fresh Invest is delighted to release a selection of high spec studio and 1 bed apartments located in Nottingham.

  • Studio & 1 Bed Apartments
  • Annual NET Yield of 8%
  • Fixtures and Fittings Included
  • Close to City centre, University and Hospital
  • Fully Tenanted at £69,394 p.a
  • Purchase Price £850,000

More Information

THE INVESTMENT

An opportunity to purchase newly refurbished 12 Unit Apartment Block. The block has had a complete, ground up refurbishment.

Sourcing, Purchasing, Converting and Managing large blocks of apartments is a laborious project and one which should only be undertaken by professionals. By working with our investors we have structured an investment in this high yielding block in a superb location.

The property is split into 12 flats in total. Which comprises 8 x studio flats and 4 x 1 bed flats. All are a good size and provide ample living space for the happy tenants.

As a self contained recently converted block we expect annual maintenance costs will be low and the purchaser will have control of their own maintenance across the block.

This property will be sold fully refurbished and tenanted.

THE AREA

Nottingham is a large thriving city in the East Midlands with an estimated population of around 330,000 people in the city itself rising to around 750,000 when including city’s suburban areas. It’s metropolitan economy is the seventh largest in the UK with a GDP of $50.9bn.

The city is host to two universities in Nottingham and Nottingham Trent and also hosts a campus of the University of Law. Nottingham Trent is the 13th largest university in the UK with circa 30,000 students spread between 4 campuses. The University of Nottingham is ranked 20th out of all universities in the UK and hosts a total of nearly 45,000 students.

In 2015 Nottingham was ranked in the top 10 for Job Growth in the UK in public and private sectors.

 

FINANCIAL EXAMPLE (Beatty Avenue)

  • Purchase Price – £850,000
  • Average Monthly Rent/Apartment – £567
  • Total Average Monthly Rent – £6,803
  • Gross Income – £81,640
  • Costs Per Annum – £12,246
  • NET Income – £69,394
  • NET Yield – 8%

COST BREAKDOWN

  • Letting Fee’s (8%) – £6,531
  • Gas & Electric (Communal) – £1,200
  • Maintenance Allowance – £4,515

RELEVANT BLOGS

Why Location is Key to Property Let Success

Yield compression in Property Investment

Investing Outside your Local Area