£350,000

5-BED HMO - GREAT INVESTMENT OPPORTUNITY…

This five bedroom, three storey terraced house offers spacious and well balanced accommodation, making it an excellent investment opportunity for landlords looking to expand their portfolio. The property is fully HMO licensed and benefits from a Certificate of Lawfulness granted by Nottingham City Council, providing reassurance and compliance for continued multi-let use. Ideally suited to the student rental market, the property is currently let until September 2027, with most of the existing tenants choosing to re-let, which is a strong indication of both the quality of the accommodation and the popularity of the location. Generating an annual income of £36,400 and an approximate 10.4% gross annual rental yield, the property provides a reliable and consistent income stream. Situated in a prime student location approximately 300 metres, or a short five minute walk to Nottingham Trent University campus and only a short distance to Nottingham City Centre, the property benefits from excellent access to a wide range of local amenities including shops, cafés, restaurants and transport links, all of which continue to make this area highly desirable for student tenants. The accommodation is arranged over three floors and offers generous living space throughout. To the ground floor there is a good sized lounge that flows through to a fitted kitchen, along with a ground floor shower suite. The upper floors host a range of well proportioned bedrooms, serviced by further shower suites on the second floor, providing practical and convenient living arrangements for multiple occupants. The property also benefits from a private enclosed rear garden and off-street parking for one car. With strong rental demand in the area, long term tenancies already secured and evidence of tenants choosing to stay on, this property represents a fantastic ready made investment opportunity that must be viewed to be fully appreciated.

MUST BE VIEWED