The PictureWorks, Nottingham
The PictureWorks, Nottingham NG2 3DT
Apartment | Buy To Let | Tenanted
£200,000
£1,225pcm
Rent
7.4%
Gross yield
Investment Summary
- Price: £200,000
- Rent: £1225 pcm
- G/R: £275 pa
- S/C: £1,501.52 pa
- Annual Gross Income: £14,700
- Estimated Net Income: £12,923
- Gross Yield: 7.4%
- Net Yield: 6.5%
Property Description
- Beds: Three
- Baths: Two
- Sq/ft: 786
- Floor: 7th
- Open Plan Kitchen / Living Room
- Allocated Parking
- Status: Tenanted
- Tenure: Leasehold
- Furnished: Yes
- Lease Length: 988 year remaining
The Development
- 1 minute walk from mainline train station and tram station
- City Centre
- 12 minutes walk to Old Market Square
- On Site Gym
- Gated Parking
- On site management office
Why Invest?
- Nottingham’s year-on-year economic growth of 2.5 percent is on part with Greater Manchester and higher than Birmingham, Bristol, Leeds, Liverpool, Newcastle and Sheffield
- The Government has also committed £190 million to help accelerate growth in Derby and Nottingham
- Being on the M1 Nottingham has great travel links to London and Leeds
- Trains to London take just 1 hour and 42 minutes
- Trains to Birmingham take just 1 hour and 15 minutes
- Part of ‘Midlands Engine’ – A plan to create 300k jobs and produce £34 billion to the UK economy
Map
Financial Example
| Deposit 30% | £60,000 |
| Mortgage | £140,000.00 |
| Mortgage Interest (3%) | £4,200 |
| Estimated Costs | £1,776.52 |
| Total Cash Invested | £65,976.52 |
| Annual Return on Cash Invested | 19.59% |