Map
Area statsGuide price
£64,995Studio for sale
The Laceworks, Queens Road, Nottingham, Nottinghamshire, NG2
Added today
Studio
1 bath
Key information
Features and description
- Investment
- Fully Tenanted
- 12% Gross Yield
- 8% Return
- Fully Furnished
Property Specifications & Design
This 20 sq m studio has been architecturally designed to maximize space and functionality, catering to the modern student-s high expectations.
Living Zones: The apartment features intelligently defined areas for sleeping, socialising, and quiet study.Bespoke Kitchen: Fully integrated with premium, modern appliances and high-durability cabinetry.En-suite Facilities: A private, contemporary shower room finished to a high specification.Technology: Provisioned with high-speed Wi-Fi and hardwired data points to support heavy academic and leisure usage.
Financial Performance: The asset demonstrates a robust income profile with a significant yield that outperforms traditional residential buy-to-lets.
Gross Annual Rental Income: £8145.00Current Yield: 12.5% (Gross)Service Charge: £2,563.55 per annum (Covers maintenance, communal utilities, and amenities)Ground Rent: £350 per annumTenure: Leasehold Unrivalled Building Amenities
The Laceworks distinguishes itself through "hotel-style" communal spaces that ensure high retention rates and consistent demand:
Health & Wellness: On-site professional-grade gym and secure cycle storage.Social & Academic Hubs: A coffee-lounge style social area, games zones, private dining room for hosting, and a communal kitchen.Operations & Security: 24/7 security presence with night officers, CCTV, secure gated access, and a dedicated parcel delivery room.Utility Management: A "bills-included" model for tenants (water, heating, electricity), simplifying the rental process and increasing the propertys attractiveness to international students.
Market Context: The Nottingham Advantage: Nottingham remains one of the UK-s most undersupplied student markets. With a combined student population exceeding 60,000, there is a chronic shortage of high-quality, private studio accommodation. Investing in a 222-unit established development like The Laceworks provides the benefit of scale and professional management in a high-growth zone.
Investment Summary: With a net yield of approximately 8% this property represents a high-performing alternative to standard buy-to-let investments. The combination of its central location, premium amenities, and the "all-inclusive" nature of the tenancy makes it an ideal addition to a diversified property portfolio seeking immediate cash flow.
Ref:
This 20 sq m studio has been architecturally designed to maximize space and functionality, catering to the modern student-s high expectations.
Living Zones: The apartment features intelligently defined areas for sleeping, socialising, and quiet study.Bespoke Kitchen: Fully integrated with premium, modern appliances and high-durability cabinetry.En-suite Facilities: A private, contemporary shower room finished to a high specification.Technology: Provisioned with high-speed Wi-Fi and hardwired data points to support heavy academic and leisure usage.
Financial Performance: The asset demonstrates a robust income profile with a significant yield that outperforms traditional residential buy-to-lets.
Gross Annual Rental Income: £8145.00Current Yield: 12.5% (Gross)Service Charge: £2,563.55 per annum (Covers maintenance, communal utilities, and amenities)Ground Rent: £350 per annumTenure: Leasehold Unrivalled Building Amenities
The Laceworks distinguishes itself through "hotel-style" communal spaces that ensure high retention rates and consistent demand:
Health & Wellness: On-site professional-grade gym and secure cycle storage.Social & Academic Hubs: A coffee-lounge style social area, games zones, private dining room for hosting, and a communal kitchen.Operations & Security: 24/7 security presence with night officers, CCTV, secure gated access, and a dedicated parcel delivery room.Utility Management: A "bills-included" model for tenants (water, heating, electricity), simplifying the rental process and increasing the propertys attractiveness to international students.
Market Context: The Nottingham Advantage: Nottingham remains one of the UK-s most undersupplied student markets. With a combined student population exceeding 60,000, there is a chronic shortage of high-quality, private studio accommodation. Investing in a 222-unit established development like The Laceworks provides the benefit of scale and professional management in a high-growth zone.
Investment Summary: With a net yield of approximately 8% this property represents a high-performing alternative to standard buy-to-let investments. The combination of its central location, premium amenities, and the "all-inclusive" nature of the tenancy makes it an ideal addition to a diversified property portfolio seeking immediate cash flow.
Ref:
Area statistics
Crime score
High crime
10/10
About this agent
Having first opened our doors in 2009, Biscayne has grown from strength to strength and is now one of the best known property brands in Bradford. What makes Biscayne Residential an outstanding estate agency is we believe in personalised service. We know property transactions can be a legal minefield and daunting, which is why we are here to help you through the whole process.
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