Sherwood Rise, Nottingham, NG7 6JD - 1 views - a year ago
Sold STC
HMO
ROI: 14%
~310 m²
ValuationUndervalued
History
Listed for £500,000
June 12, 2023
Sold for £288,000
2002
Floor Plans
Description
10 BEDROOMS +
HMO +
FANTASTIC OPPORTUNITY +
EXCELLENT LOCATION +
WELL PRESENTED +
MODERN PROPERTY +
IDEAL INVESTMENT +
CLOSE TO TRANSPORT LINKS +
EASY ACCESS TO CITY CENTRE +
GUIDE PRICE £500,000 - £525,000. 10 BEDROOM HMO!! - Welcome to this fantastic 10-bed house of multiple occupancy (HMO) located in the heart of Nottingham. This spacious property is fully let well maintained and kept to the highest of standards, offering an exceptional living experience for tenants.
The house benefits from excellent transport links, with easy access to the city centre, universities, and local amenities. Perfectly suited for students, professionals, or anyone looking for a great place to call home, this property is an excellent opportunity to experience the best of Nottingham's vibrant lifestyle.
Don't miss out on the chance to add this high-quality HMO bringing in over £50,000 PA to your portfolio. Contact us today to arrange a viewing and see for yourself why this property is the perfect choice for you!
Agent Details
haart, Nottingham
0115 647 3438
Next Steps?
This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪
Cashflows
Cash In
Deposit (25%)
£125,000
Stamp duty & legals
£28,700
Total cash in
£153,700
Cash Out
Room rate
£568
Gross rent
£5,680
Running costs/mo
£3,838
Cashflow/mo
£1,842
Cashflow/yr
£22,104
ROI
14%
Gross yield
14%
Stats
Population in NG7
56,435
Population in Nottingham
741,596
Town centre distance
0.58 miles away
Nearest school
0.20 miles away
Nearest train station
0.49 miles away
Rental demand
Balanced market
Rental growth (12m)
-13%
Sales demand
Balanced market
Capital growth (5yrs)
+31%
Sold prices
£98.5K - £640K
Sold prices/m²
£947/m² - £3,474/m²
Square metres
~310 m²
Price/m²
£1,613/m²
Value estimate
£620,000
BMV
24%
Local Sold Prices
50 sold prices
Price
Date
Distance
Address
Price/m²
m²
Beds
Type
£235K
07/22
0.02 mi
21, Sherwood Rise, Nottingham, City Of Nottingham NG7 6JD
-
-
4
Semi-Detached House
£195K
05/23
0.09 mi
7a, Alexandra Street, Nottingham, City Of Nottingham NG5 1AY
£2,321
84
4
Terraced House
£195K
01/23
0.13 mi
28, Myrtle Avenue, Nottingham, City Of Nottingham NG7 6NR
£1,598
122
4
Terraced House
£155.5K
07/21
0.13 mi
26, Myrtle Avenue, Nottingham, City Of Nottingham NG7 6NR
-
-
4
Terraced House
£203K
11/23
0.14 mi
16, Wiverton Road, Nottingham, City Of Nottingham NG7 6NP
£1,277
159
4
Terraced House
£173K
07/23
0.17 mi
89, Foxhall Road, Nottingham, City Of Nottingham NG7 6LJ