GUIDE PRICE £350,000 – £375,000 WALTON & ALLEN are delighted to present this LICENCED STUDENT HMO INVESTMENT PROPERTY which is CURRENTLY LET AGREED FOR 2021/2022 & 2022/23 Generating a GROSS YIELD of 8% increasing to 8.5% for 2022/23. Situated with SUPERB access to NOTTINGHAM TRENT UNIVERSITY, the NOTTINGHAM EXPRESS TRAMLINE and NOTTINGHAM CITY CENTRE. This property presents a fantastic INVESTMENT OPPORTUNITY, has been consistently let for a number of years and is fully licensed. The accommodation briefly comprising GROUND FLOOR: HALLWAY, LIVING ROOM, KITCHEN, SHOWER ROOM, BEDROOM. FIRST FLOOR: TWO BEDROOMS and a BATHROOM. TOP FLOOR: TWO BEDROOMS. The property benefits from a CELLAR and GARAGE, has an OWNED SOLAR PANEL ARRAY providing cheap energy and additional INCOME, occupies a GREAT LOCATION, walking distance to the CITY CENTRE and NOTTINGHAM TRENT UNIVERSITY. So call now to view!
HallwayEntrance door to front, radiator, stairs to first floor.
Living Room3.93m x 3.87m (12’11 x 12’8 )Window to rear, double radiator.
Kitchen4.10m x 2.33m (13’5 x 7’8 )Fitted with a range of wall and base units with work surfaces over, plumbing for a washing machine, window to side, radiator.
Rear PorchEntrance door to Rear Yard.
Shower RoomFitted with a suite comprising; shower cubicle, pedestal wash basin and W.C. Window to rear, double radiator.
Bedroom 14.33m x 3.87m (14’2 x 12’8 )Bay window to front with built in window seat, radiator.
LandingStaircase to top floor.
Bedroom 23.97m x 4.85m (13’0 x 15’11 )Three windows to front, radiator.
Bedroom 33.93m x 3.15m (12’11 x 10’4 )Window to rear, radiator.
BathroomFitted with a suite comprising, Bath wash basin and W.C. Window to rear, airing cupboard.
LandingWindow to rear.
Bedroom 43.93m x 3.15m (12’11 x 10’4 )Window to rear, radiator.
Bedroom 53.97m x 4.85m (13’0 x 15’11 )Three windows to front, double radiator.
GaragePower and lighting, double doors to front.
Cellar6.01m x 1.28m (19’9 x 4’2 )Stairs to ground floor.
OutsideThere is a small forecourt to front and an enclosed yard style garden to the rear.
Income PotentialCurrently let for the 2020/21 academic year at £110 per room per week. The solar panel array is owned and generates an annual tax free income of approximately £2,000 pa. . The let has now been agreed for 2022/23 academic year, at £117 per room per week.
Viewing 24 hrs NoticeTo arrange a viewing on this property please contact our Sales Team at Walton & Allen on Nottingham (0115) 9243304. Please note 24hrs notice is usually required on this property.
Property to sell?If you are selling a property, or even considering selling, Walton & Allen estate agents would be delighted to visit your property to offer a FREE PROPERTY VALUATION. We are a family run, fully independent estate agent. CALL US TODAY on 0115 9243304.
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DisclaimerWalton & Allen, their clients and any joint agents give notice that 1: They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2: Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Walton & Allen s have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.
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