The Pictureworks, Nottingham
The PictureWorks, Nottingham NG2 3DT
Apartment | Buy To Let | Tenanted
£160,000
£860pcm
Rent
6.5%
Gross yield
Investment Summary
- Price: £160,000
- Rent: £860 pcm
- G/R: £275 pa
- S/C: £1,316.36 pa
- Annual Gross Income: £10,320
- Estimated Net Income: £8,728
- Gross Yield: 6.5%
- Net Yield: 5.5%
Property Description
- Beds: Two
- Baths: Two
- Sq/ft: 689
- Floor: 6th
- Juliet Balcony
- 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 par 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% | £48,000.00 |
| Mortgage | £112,000.00 |
| Mortgage Interest (3%) | £3,360.000 |
| Estimated Costs | £1,591.36 |
| Total Cash Invested | £52,951.360 |
| Annual Return on Cash Invested | 16.48% |