This property is no longer on the market
6 bedroom detached house
Key information
Property description & features
- Renovated throughout
- Modern kitchen with appliances
- Open plan lounge with wall mounted TV
- 6 double bedrooms
- Two bathrooms
- Additional W/C
- Driveway for 2/3 cars
- Private rear garden
- Great location
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.
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Property reference 32096089. 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 Katie Homes - Nottingham.
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Broadband availability and predicted speed: obtained from Ofcom on January 11, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
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Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on January 11, 2022
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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
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on July 15, 2017 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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