House For Sale £410,000
Hortons are delighted to present this sizeable 9 bedroom HMO in Sneinton, producing an annual income in the region of £39,000 pa let to working professionals on varying terms.
Sneinton is a dense residential area to the east of Nottingham City Centre, with a diverse and thriving community generally offering affordable housing to professionals close to the city centre with Old Market Square a 1.5 mile walk away. There are numerous bus routes into town and the property is also close to southern and eastern commuting routes out of the city.
The property itself was renovated over the latter parts of 2019 to the summer of 2020, providing significant rental uplift and improved occupancy with rooms let for between £325 and £395 pcm inclusive of bills. The HMO consists of 9 double bedrooms, sharing 3 bathrooms and an open plan kitchen, living and dining area with rear paved garden. Parking is available on street.
The approximate annual income is £39,000 to include all bills, with an approximate net income after council tax and bills in the region of £34,500 pa
Our opinion is that the position of the property and significant redevelopment of the Island Quarter, 0.7 miles away) will lead to growth in the area both in rental and capital values over the next few years, as well as the additional benefits from the regeneration of the Sneinton Market area.
Offers are sought with a guide price of between £410,000 & £430,000
Disclaimer
Important Information:
Property Particulars: Although we endeavor to ensure the accuracy of property details we have not tested any services, equipment or fixtures and fittings. We give no guarantees that they are connected, in working order or fit for purpose.
Floor Plans: Please note a floor plan is intended to show the relationship between rooms and does not reflect exact dimensions. Floor plans are produced for guidance only and are not to scale
Sneinton is a dense residential area to the east of Nottingham City Centre, with a diverse and thriving community generally offering affordable housing to professionals close to the city centre with Old Market Square a 1.5 mile walk away. There are numerous bus routes into town and the property is also close to southern and eastern commuting routes out of the city.
The property itself was renovated over the latter parts of 2019 to the summer of 2020, providing significant rental uplift and improved occupancy with rooms let for between £325 and £395 pcm inclusive of bills. The HMO consists of 9 double bedrooms, sharing 3 bathrooms and an open plan kitchen, living and dining area with rear paved garden. Parking is available on street.
The approximate annual income is £39,000 to include all bills, with an approximate net income after council tax and bills in the region of £34,500 pa
Our opinion is that the position of the property and significant redevelopment of the Island Quarter, 0.7 miles away) will lead to growth in the area both in rental and capital values over the next few years, as well as the additional benefits from the regeneration of the Sneinton Market area.
Offers are sought with a guide price of between £410,000 & £430,000
Disclaimer
Important Information:
Property Particulars: Although we endeavor to ensure the accuracy of property details we have not tested any services, equipment or fixtures and fittings. We give no guarantees that they are connected, in working order or fit for purpose.
Floor Plans: Please note a floor plan is intended to show the relationship between rooms and does not reflect exact dimensions. Floor plans are produced for guidance only and are not to scale
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