Key points
Property type:
Contemporary residential conversion
Location:
Carlton, Nottinghamshire
Units available:
9 one bed apartments
Guide price:
£104,995
Predicted yield:
6.57%
Location details
Nottingham is ranked as one of the best places to live in the UK, the top city for small business growth, the fastest growing fintech and life science sectors, and the biggest business centre in the East Midlands.
The proximity of major road links and expansion of the award-winning tram network means the city is easily accessible. Over 70 trains a day run direct to London St. Pancras International, with its Eurostar connection into the heart of Europe.
Over 50 national and regional companies have chosen Nottingham as their headquarters including global giants like Boots, eon, Speedo, Experian, Capital One and Paul Smith. Nottingham leads the way in a number of industries including financial and business services, creative and digital, life sciences and advanced manufacturing, meaning that over 60% of the jobs in Nottingham are in knowledge intensive industries, well above the UK average.
Key facts
-
£1 billion invested in the city's infrastructure
-
1 hr 40 mins from London St Pancras with 70 direct, daily train services
-
Two universities in the heart of the city offering world-class education to 60,000 students
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A wealth of restaurants with cuisines from every corner of the globe
Why invest in
Carlton?
Payment plans
Payment Plan 01
Monthly and
Mortgage plan
Pay a 5% initial payment towards your deposit plus £850 legal fees. Your 30% deposit is then divided by the number of build term months and paid on a monthly basis.
Summary – 1 bed apartment
Purchase Price
Legal Fees
Total Amount Due
Reservation & Exchange Stage
Prosperity Reservation Deposit 5%
Legal Fees
Reservation Stage total due
Monthly Payment Stage
Deposit divided by 24 month build schedule
Completion Stage
Balance payment – by way of mortgage or cash
Mortgage arrangement fee if applicable (estimated)
Stamp duty (estimated)
Amount due at Completion Stage
Income
Estimated Gross Rental Income
Estimate Yield based on above
Expenses
Service Charge (estimated)
Ground Rent (estimated)
Tenant Management Fees @ 12%+vat
Total Expenses*
Estimated Income net of expenses
*+Letting & Setup Fees
This option is perfectly suited to clients without large lump sums accessible or those who’d prefer to keep existing investments where they are. Payments are made across an average build term of 24 months.
GBP
£104,995.00
£850.00
£105,845.00
£5,249.75
£850.00
£6,099.75
£31,498.50
£1,312.44
£68,246.75
£995.00
£3,149.00
£72,390.75
Per month £575.00/Per annum £6,900.00
6.57%
£850.00
£250.00
£950.40
Per month £170.87/Per annum £2,050.40
Per month £379.13/Per annum £4,549.60