CASH BUYERS ONLY £450,000
What an opportunity! This is a chance to acquire a licenced 10 bed HMO in need of development for completion. Situated within close proximity to City Centre, both Universities and bus routes close by with a wide range of local amenities within walking distance, including a gym, supermarkets and restaurants.
This is a fantastic opportunity for developers to acquire a substantial HMO property with excellent potential to a design and build to your preferred specification.
Call us today to discuss this opportunity further and arrange a viewing.
Agent Details
haart, Nottingham
0115 647 3438
Next Steps?
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Investment Opportunity
Cash In
Deposit (25%)
£112,500
Stamp duty & legals
£24,700
Refurb costs
£125,333
Total cash in
£262,533
Cash Out
Monetisation
Rent OutFlip
Room rate
£625
Gross rent
£6,248
Revaluation
£586,213
New mortgage
£439,660
Cash left in
£165,311
Running costs/mo
£4,260
Cashflow/mo
£1,988
Cashflow/yr
£23,856
ROI
14%
Gross yield
17%
Stats
Population in NG7
56,435
Population in Nottingham
741,596
Town centre distance
0.81 miles away
Nearest school
0.20 miles away
Nearest train station
0.46 miles away
Rental demand
Balanced market
Rental growth (12m)
-13%
Sales demand
Balanced market
Capital growth (5yrs)
+31%
Sold prices
£98.5K - £517.5K
Sold prices/m²
£947/m² - £3,474/m²
Square metres
~310 m²
Price/m²
£1,452/m²
Value estimate
£454,500
End value, after refurb
£586,213
Uplift in value
+30%
Local Sold Prices
50 sold prices
Price
Date
Distance
Address
Price/m²
m²
Beds
Type
£350K
03/23
0.05 mi
27, Langtry Grove, Nottingham, City Of Nottingham NG7 7AX
-
-
4
Semi-Detached House
£372.5K
01/23
0.06 mi
83a, Nottingham Road, Nottingham, City Of Nottingham NG7 7AJ
-
-
4
Detached House
£360K
06/23
0.08 mi
120, Nottingham Road, Nottingham, City Of Nottingham NG7 7AH
-
-
4
Detached House
£165K
12/23
0.09 mi
52, Maud Street, Nottingham, City Of Nottingham NG7 7AQ
£1,879
88
4
Terraced House
£180K
12/22
0.13 mi
43, Gawthorne Street, Nottingham, City Of Nottingham NG7 7JS
£1,440
125
4
Terraced House
£355K
01/23
0.15 mi
29, Sandon Street, Nottingham, City Of Nottingham NG7 7AL
£2,017
176
4
Semi-Detached House
£180K
04/23
0.15 mi
78, Sandon Street, Nottingham, City Of Nottingham NG7 7AN