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See how verdicts workStudio flat · NG2 3UR
For saleListed 193 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
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:
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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.
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About Studio,, The Laceworks, Nottingham
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