1-bedroom flat · NG1 6BH
Sold STCListed 135 days
Opportunity summary
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About
Auction Commencing on Monday29th June at 1pm and ending 24 hours later on Tuesday 30th June from 11am with Auction House Notts and Derby.
Please register to bid via our website - auctionhouse.co.uk/nottsandderby Tenanted city centre studio in Maid Marian House generating £9,620 per annum, offered leasehold with no viewings, ideal hands-off investment (Guide £10,000–£30,000, auction 29th June).
Auction Date: 29th June Tenure: Leasehold Current Rent: £9,620 per annum EPC Rating: C A fantastic opportunity to acquire a tenanted studio apartment within the well-located Maid Marian House, in the heart of Nottingham city centre.
The property comprises a self-contained studio layout, including a sleeping/living area, compact kitchenette, and separate shower room.
The building benefits from a range of on-site amenities, including communal lounge/study areas and a gym, making it particularly attractive to tenants.
The flat is currently tenanted and producing £9,620 per annum, offering an immediate income stream for investors.
Please note: the property is being sold with tenant in situ and no viewings are available.
Ideally situated for access to Nottingham’s universities, shops, restaurants, and transport links, this property represents a strong buy-to-let investment opportunity with high rental demand in the area.
Key Features: City centre location Tenanted investment – £9,620 pa income Studio apartment On-site facilities including gym and communal areas Leasehold EPC Rating C No viewings available Tenure: Leasehold EPC Rating: C Administration Fee: £3600 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 512., Maid Marian House, 56 Hounds Gate, Nottingham, Nottinghamshire NG1 6BH
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