Maid Marian House, Hounds Gate, Nottingham, NG1

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.