£525,000

7-BED HMO - FULLY LET PERIOD PROPERTY…

This substantial seven bedroom HMO offers spacious and well balanced accommodation arranged over three floors, making it an excellent investment opportunity in a prime student location. The property is fully HMO licensed and benefits from a Certificate of Lawfulness granted by Nottingham City Council, providing full compliance and peace of mind for continued use as a multi-let investment. Fully let until July 2027, generating an annual income of £50,959.92, the property provides a strong and attractive income stream from day one, equating to an approximate 10.4% gross annual rental yield. A high number of tenants have also chosen to re-sign, which is a clear indication of the property’s strong rental appeal and its success as a student let. Situated in a convenient location, the property enjoys a highly convenient position approximately 400 metres, or a short walk, to Nottingham Trent University, and just 50 yards from the scenic Arboretum park, a popular socialising spot in the warmer months. It is also within easy reach of Nottingham City Centre, a range of shops, restaurants, bars and excellent transport links, ensuring continued appeal for student tenants. The accommodation is spread across three floors and comprises a fitted kitchen and a living room, providing a practical communal space for modern student living, along with a ground floor bedroom and a separate shower room. To the upper floors, there are a further six well proportioned bedrooms followed by a bathroom suite, with the layout lending itself perfectly to shared accommodation. This period property retains a wealth of original features including decorative coving, high ceilings, original fireplaces and ceiling roses with artex style detailing, adding character and charm throughout. Externally, the property benefits from a separate front garden with a lawned area, along with a private enclosed courtyard to the rear, offering low maintenance outdoor spaces. Offered as a ready made investment in one of Nottingham’s most popular student areas, this property combines generous accommodation, a sought after location, proven tenant demand and a strong rental return, making it an opportunity not to be missed.

MUST BE VIEWED