Summary - Minerva House, Spaniel Row, Nottingham, Nottinghamshire, NG1 6EP NG1 6EP
1 bed 1 bath Flat
**Key Features:**
- 1-bedroom self-contained studio (334 sq ft)
- Tenanted at £800/month until August 2026, offering immediate income
- On-site gym, communal laundry, secure fob entry, and lift access
- 240-year leasehold with low ground rent (£150/year) and reasonable service charge (£3,330/year)
- Close proximity to Nottingham Trent University, city center, shops, and transport links
Investors and first-time buyers looking for a low-maintenance property will find this compact studio in Minerva House an excellent opportunity. Nestled in a vibrant multicultural neighborhood, the studio features a modern open-plan design, maximizing natural light with large double windows. Its fitted kitchenette and en-suite shower room make it ideal for student living. The secure building benefits from shared amenities, including a private gym and laundry facilities.
With a current tenancy secured at £9,600 annually, this property promises strong returns with a gross yield of 14.77%, netting around £6,150 after expenses. While the urban setting has a very high crime rate and the area faces economic challenges, the allure of being steps from the university and bustling city life makes it an attractive rental option. Given the long lease and solid rental demand, this studio presents a fantastic investment opportunity that may not last long on the market.
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