This property is no longer on the market
6 bedroom semi-detached house
Key information
Property description & features
- Tenure: Freehold
- 6 Bedroom HMO
- Let to Students for £43,573 for the 22/23 academic year
- 3 Bathrooms
- Ground Floor and Dormer Extended HMO
- On the Doorstep of UofN campus
- 7.9% Gross yield
- Bills allocated at £17 pp pw
- Long Standing history of HMO usage
- Approx Net yield of 6.97% after bills
HMO Student Investment Opportunity on the doorstep of campus, currently let and producing an 8.78% gross yield
Hortons are delighted to present this fantastic student HMO investment opportunity located on Ednaston Road in Dunkirk, a strong performing student location on the doorstep of the University of Nottingham, with a tramstop and local bus route a short walk away allowing easy access into Nottingham City Centre. Dunkirk is located on very close to the QMC and Engineering school and has always been popular with students at these faculties.
The property itself has a long standing history as a HMO, pre-dating Article 4 being introduced. It's layout consists of a large open plan rear kitchen, dining and living room, double bedroom and 2 x bathrooms on the ground floor, 3 double bedrooms on the 1st floor and the final 2 double bedrooms and 3rd bathroom on the top floor. The property has been extended to the rear and on the 2nd floor with a ground floor extension and full rear dormer.
The property is generally decorated to a very good standard throughout with all 6 rooms being a comfortable double bedroom and above the required 8 SqM. There is parking to the side of the property for 1 car, additional permit parking for tenants is available on street and the rear garden is paved and low maintenance
The property is currently tenanted for £142 pp pw on a 51 week basis, producing £43,753 per annum. We have been advised that the bills account for approximately £17 pp pw so the rent after this bills outlay is £38,357 to produce yields of 8.78% (gross) and 7.75% (net of bills)
Lettings for 23/24 are under way seeking an increase to £135 pp pw exc bills (£41,310 pa) which would provide reversionary yield of 8.35% ex bills
Guide Price - £495,000
EPC Rating C
Council Tax Band B - (covered by student tenants when in occupancy)
Rooms
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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Property reference RX201056. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Hortons - Leicester.
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Broadband availability and predicted speed: obtained from Ofcom on January 9, 2023
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Mobile phone signal availability and predicted strength: obtained from Ofcom on January 9, 2023
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
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Energy Performance data and Internal floor area: obtained on December 7, 2020 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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