House For Sale £495,000
This is an amazing opportunity to own a beautiful six bedroom student HMO near to the University of Nottingham and the tram stop. The property is conveniently located, offering easy access to all the local amenities. The property itself is spacious, with six large bedrooms, an open plan kitchen and dining area, a large garden and three off-road parking spaces.
The property has been refurbished to a high standard, with new carpets and appliances throughout. The bedrooms are all of a good size, with plenty of storage space. The kitchen area is spacious and modern, with all the necessary appliances and plenty of worktop space. The garden is well maintained, with plenty of space for outdoor entertaining and BBQs.
The property has been let to a group of students for 23/24 at a rent of £37,000 PA with a current rent of £32,000 PA. This offers a great return on investment of 7.5% yield and peace of mind for the investor, knowing that the property is fully let for the next academic year. The property is managed by an experienced professional letting agency, who are on hand to deal with any queries or issues that may arise.
Furthermore, there is potential to develop the property further, with plans drawn up for adding en-suite bathrooms to each bedroom. This would increase the rent to over £45k PA, offering a great return on investment. These alterations could be made through internal works only, therefore, there would be no need to obtain planning permission. All that would be required is building regulations approval, making this an easy and cost-effective way to increase the value of the property.
Overall, this is an incredible opportunity to own a six bedroom student HMO near to the University of Nottingham and the tram stop. The property is in an excellent location and is already generating a healthy rental income. With the potential to develop the property further, this is a great investment.
To arrange a viewing, please [use Contact Agent Button].
Kitchen - Modern fitted kitchen with electric oven, gas hob, washer/dryer, American style fridge/freezer, dishwasher and laminate flooring.
Lounge - Two sofas, coffee table and wall mounted TV
Bedrooms - All equipped with bed and mattress, wardrobe, bedside cabinet, chest of drawers, desk with chair and wall mounted TV.
Bathroom - Two modern bathrooms with shower cubicles, tiled flooring and additional W/C
Disclaimer - Please note the director of Katie Homes has an interest in the property.
The property has been refurbished to a high standard, with new carpets and appliances throughout. The bedrooms are all of a good size, with plenty of storage space. The kitchen area is spacious and modern, with all the necessary appliances and plenty of worktop space. The garden is well maintained, with plenty of space for outdoor entertaining and BBQs.
The property has been let to a group of students for 23/24 at a rent of £37,000 PA with a current rent of £32,000 PA. This offers a great return on investment of 7.5% yield and peace of mind for the investor, knowing that the property is fully let for the next academic year. The property is managed by an experienced professional letting agency, who are on hand to deal with any queries or issues that may arise.
Furthermore, there is potential to develop the property further, with plans drawn up for adding en-suite bathrooms to each bedroom. This would increase the rent to over £45k PA, offering a great return on investment. These alterations could be made through internal works only, therefore, there would be no need to obtain planning permission. All that would be required is building regulations approval, making this an easy and cost-effective way to increase the value of the property.
Overall, this is an incredible opportunity to own a six bedroom student HMO near to the University of Nottingham and the tram stop. The property is in an excellent location and is already generating a healthy rental income. With the potential to develop the property further, this is a great investment.
To arrange a viewing, please [use Contact Agent Button].
Kitchen - Modern fitted kitchen with electric oven, gas hob, washer/dryer, American style fridge/freezer, dishwasher and laminate flooring.
Lounge - Two sofas, coffee table and wall mounted TV
Bedrooms - All equipped with bed and mattress, wardrobe, bedside cabinet, chest of drawers, desk with chair and wall mounted TV.
Bathroom - Two modern bathrooms with shower cubicles, tiled flooring and additional W/C
Disclaimer - Please note the director of Katie Homes has an interest in the property.
