Listed for £300,000
November 4, 2024
Sold for £126,000
2005
Sold for £43,000
1998
GUIDE PRICE: £300,000 - £325,000
CASH BUYERS ONLY...
This fully let five-bedroom HMO presents an outstanding investment opportunity for both new and experienced investors, offering strong rental returns in a highly desirable location, with the current annual rent being £22,872. Ideally situated just a short distance from a variety of local amenities, shops, and transport links, with quick access to the City Centre, this property is perfectly positioned to attract tenants seeking convenience and connectivity. The ground floor welcomes you with an entrance hall leading to two spacious reception rooms, a well-equipped breakfast kitchen, and access to a three-sectioned cellar, providing ample storage. On the first floor, three generous double bedrooms are serviced by a bathroom and a separate W/C, ensuring privacy and functionality for residents. The second floor boasts two additional double bedrooms, adding to the property's appeal for larger groups or shared tenants. Externally, the property features a low-maintenance rear garden with double gates, offering the convenience of off-road parking—a valuable asset in this prime location.
MUST BE VIEWED
Ground Floor -
Entrance Hall - 7.11m max x 1.80m (23'3" max x 5'10") - The entrance hall has wood-effect flooring, carpeted stairs, a radiator, coving to the ceiling, a decorative ceiling arch, a wall-mounted security alarm panel, access to the cellar, and a single UPVC door providing access into the accommodation.
Living Room - 3.94m x 4.87m plus bay (12'11" x 15'11" plus bay) - The living room has a UPVC double-glazed bay window to the front elevation, wood-effect flooring, coving to the ceiling, a picture rail, a recessed chimney breast alcove, a ceiling rose, and a radiator.
Dining Room - 3.33m x 3.77m (10'11" x 12'4") - The dining room has a UPVC double-glazed window to the front elevation, wood-effect flooring, a radiator, coving to the ceiling, and a recessed chimney breast alcove.
Breakfast Kitchen - 5.75m x 3.67m (18'10" x 12'0") - The kitchen has a range of fitted base and wall units with worktops and a central breakfast bar island, a stainless steel sink and a half with a mixer tap and drainer, an integrated oven with a gas hob and extractor fan, space and plumbing for a washing machine and a dishwasher, space for a fridge freezer, a wall-mounted boiler, tiled flooring, tiled splashback, a radiator, two UPVC double-glazed windows, and a single door providing access into the accommodation.
Basement Level -
Cellar Entrance - 4.99m max x 1.81m (16'4" max x 5'11") -
Cellar Room One - 1.94m x 3.98m min (6'4" x 13'0" min) -
Cellar Room Two - 1.93m x 3.98m min (6'3" x 13'0" min) -
First Floor -
Landing - 3.76m x 1.79m (12'4" x 5'10") - The landing has carpeted flooring, a radiator and provides access to the first floor accommodation.
Bedroom One - 5.31m x 3.97m (17'5" x 13'0" ) - The first bedroom has three UPVC double-glazed windows to the front elevation, wood-effect flooring, a radiator, and coving to the ceiling.
Bedroom Three - 3.79m x 3.37m (12'5" x 11'0" ) - The third bedroom has a single-glazed window to the rear elevation, wood-effect flooring, and a radiator.
Inner Hallway - 1.80m max x 2.16m (5'10" max x 7'1") - The inner hall has carpeted flooring and access to the loft.
Bedroom Four - 3.45m x 3.65m (11'3" x 11'11") - The fourth bedroom has a UPVC double-glazed window to the side elevation, wood-effect flooring, a radiator, and a pedestal wash basin.
Bathroom - 2.60m max x 1.88m (8'6" max x 6'2") - The bathroom has a low level dual flush W/C, a pedestal wash basin, a panelled bath with a wall-mounted electric shower fixture and a shower screen, tiled flooring, partially tiled walls, an extractor fan, and a UPVC double-glazed obscure window to the side elevation.
W/C - 1.73m x 0.89m (5'8" x 2'11") - This space has a low level dual flush W/C, a pedestal wash basin, a radiator, tiled flooring, partially tiled walls, and an extractor fan.
Second Floor -
Upper Landing - 3.74m x 1.80m (12'3" x 5'10") - The upper landing has carpeted flooring, a radiator, a sliding sash window to the rear elevation, access to the loft, and provides access to the second floor accommodation.
Bedroom Two - 3.95m x 5.32m (12'11" x 17'5") - The second bedroom has a UPVC double-glazed window to the side elevation, two Velux windows, wood-effect flooring, and two radiators.
Bedroom Five - 3.82m x 3.37m (12'6" x 11'0") - The fifth bedroom has a single-glazed window to the side elevation, a Velux window, wood-effect flooring, and a radiator.
Outside - To the rear of the property is a low maintenance garden with double gated access for off-road parking.
Additional Information - Broadband – Virgin Media, Openreach
Broadband Speed - Ultrafast available - 1000 Mbps (download) 220 Mbps (upload)
Phone Signal – Mostly 4G / 5G
Electricity – Mains Supply
Water – Mains Supply
Heating – Gas Central Heating – Connected to Mains Supply
Septic Tank – No
Sewage – Mains Supply
Flood Risk – No flooding in the past 5 years+
Area - Low risk for surface water / very low risk for rivers & the sea
Non-Standard Construction – No
Any Legal Restrictions – No
Other Material Issues – No
Disclaimer - Council Tax Band Rating - Nottingham City Council - Band C
This information was obtained through the directgov website. HoldenCopley offer no guarantee as to the accuracy of this information, we advise you to make further checks to confirm you are satisfied before entering into any agreement to purchase.
The vendor has advised the following:
Property Tenure is Freehold
Agents Disclaimer: HoldenCopley, their clients and employees 1: Are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2: Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and HoldenCopley have not tested any services, equipment or facilities. Purchasers must make further investigations and inspections before entering into any agreement.
Purchaser information -The Money Laundering, Terrorist Financing and Transfer of Funds(Information on the Payer) Regulations 2017(MLR 2017) came into force on 26 June 2017. HoldenCopley require any successful purchasers proceeding with a property to provide two forms of identification i.e. passport or photocard driving license and a recent utility bill or bank statement. We are also required to obtain proof of funds and provide evidence of where the funds originated from. This evidence will be required prior to HoldenCopley removing a property from the market and instructing solicitors for your purchase.
Third Party Referral Arrangements - HoldenCopley have established professional relationships with third-party suppliers for the provision of services to Clients. As remuneration for this professional relationship, the agent receives referral commission from the third-party companies. Details are available upon request.
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