Studio for sale

Halley House, 35-37 Hounds Gate, Nottingham NG1

Halley House, 35-37 Hounds Gate, Nottingham, Ng1 7Ad

A well-presented premium studio apartment within the highly sought-after Halley House development, offering an attractive investment opportunity with the flexibility to be operated as either a short-term let or a long-term residential rental. The projected figures are illustrative of a long-term tenancy at £700 pcm, based on continuous occupancy throughout the year.

Halley House is a premium development catering to students, working professionals, and short-term stay guests, ideally positioned in the heart of Nottingham city centre. Designed to offer a boutique living experience, the development features stylish communal areas, a modern residents' gymnasium, and excellent on-site facilities. Its central location provides easy access to Nottingham's universities, extensive transport links, and the city's vibrant selection of bars, restaurants, shops, and entertainment venues.

Nottingham continues to be one of the UK's strongest locations for property investment, supported by a large and growing student population from both the University of Nottingham and Nottingham Trent University. The city benefits from consistently strong rental demand, comparatively affordable property prices, and significant ongoing regeneration, all of which contribute to excellent long-term growth prospects. Combined with the flexibility of the accommodation and the development's prime location, Halley House represents an appealing, high-yield investment opportunity.

Please note this property may fall within a selective licensing area, where additional licensing requirements and charges may apply.

In line with the Renters' Rights reforms, student tenancies are expected to be let on periodic agreements rather than fixed-term contracts. The rental figures provided are illustrative only and assume a full year's occupancy under a long-term tenancy. Actual income may vary depending on occupancy levels, tenancy type, and market conditions. Please enquire for further information.

Financial Breakdown

Gross Rent: £8,400.00
Net income: £4,571.88
Gross yield: 25.07%
Net yield: 13.65%
Please contact agent for full financial breakdown.

Important note to purchasers: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-08611