Summary - Flat 103, Bard House, Shakesopeare st NG1 4FQ
1 bed 1 bath Apartment
Ready-let student pod with strong headline rent close to university amenities.
High gross yield: current rent £9,000 pa versus £45,000 price
Long lease: 238 years remaining on leasehold
Above-average service charge £4,600 pa reduces net return
Ground rent low at £150 pa
Studio layout with ensuite ideal for student let
Electric room heating; likely no wall insulation (solid brick)
Very high local crime rate and area deprivation
Central location; excellent mobile and fast broadband
This ground-floor studio in a Georgian mid-terrace offers a clear investment proposition: strong current rental income and a very high gross yield. The flat is part of a historic building close to universities and city-centre amenities, currently producing £9,000 pa against a £45,000 purchase price — attractive for cash investors seeking immediate returns.
The apartment is compact and configured as a student pod with an ensuite shower room and a small kitchenette. Heating is by electric room heaters and the building’s solid brick walls likely have no cavity insulation; this keeps maintenance simple but may affect long-term energy performance. Leasehold tenure is long (238 years remaining).
Running costs are significant: an above-average service charge (£4,600 pa) plus ground rent (£150 pa) materially reduce net income. The local area is a cosmopolitan, student-focused neighbourhood with excellent transport, mobile and broadband, but it records very high crime rates and overall deprivation — factors investors should factor into letting strategy and insurance.
This is best for cash buyers or portfolio investors comfortable with student lets and higher service costs. The property is sold as a ready-let income stream and is suitable for a hands-off, fully managed buy-to-let approach; it also offers short-term owner-occupier use for students wanting central living while studying.
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