- HIGH YIELD HMO +
- NINE BEDROOMS +
- THREE BATHROOMS +
- MODERN KITCHEN +
- THREE STOREY +
- RENTAL INCOME - £46,680 +
- GROSS YIELD @13% +
- REAR GARDEN +
- NO CHAIN +
GUIDE PRICE £360,000 - £380,000 HIGH YIELD HMO! This well-presented 9-bedroom HMO in Sneinton, producing a gross income of £46,680 at a staggering yield of 13%, let to working professionals on varying terms. This is a very attractive opportunity for any Investor looking to add this impressive HMO property to their portfolio.
The property itself was renovated over the latter parts of 2019 to the summer of 2020, providing significant rental uplift and improved occupancy with rooms let for as below.
Room 1 £425
Room 2 £465
Room 3 £425
Room 4 £425
Room 5 £425
Room 6 £425
Room 7 £425
Room 8 £450
Room 9 £425
The HMO consists of 9 double bedrooms, sharing 3 bathrooms and an open plan kitchen, living and dining area with a rear paved garden. Parking is available on the street.
Sneinton is a dense residential area located to the east of Nottingham City Centre, It has a diverse and thriving community just 1.5-mile from City Centre and easy access to other parts of Nottingham offering excellent transportation links.
CALL US TODAY TO ARRANGE YOUR VIEWING.