*Sale via Modern Method of Sale - Starting Bid £230,000*
Cash Buyers Only
Stylish 5-Bedroom HMO in Dunkirk, Nottingham
Introducing a fantastic investment opportunity in Dunkirk, Nottingham—a spacious five-bedroom HMO ideal for maximizing rental income and providing comfortable living. This property is perfect for investors looking to capitalize on Nottingham's strong rental market with a secure, high-yield asset.
Key Features:
Versatile Layout: The ground floor features one double bedroom with shower room, a cozy living room, a well-appointed kitchen, and a modern downstairs bathroom with a shower. This layout provides a comfortable and practical living space for tenants.
Additional Comforts: The first floor includes two generous double bedrooms and a third contemporary shower room. The second floor houses two more double bedrooms, offering privacy and space for occupants.
Fully Furnished: All bedrooms are thoughtfully furnished with beds, mattresses, wardrobes, and drawers, ensuring tenants can move in with ease.
Modern Enhancements: Recent refurbishments include new flooring and redecoration throughout, giving the property a fresh and inviting feel.
HMO Licensed: This property currently has a HMO license in application with details available in the auction pack upon request.
Financial Highlights:
Strong Rental Returns: Expected rental income is £100 per person per week, leading to a substantial gross annual income of £24,000 without any works completed.
Attractive Yield: With a gross yield of 10.43% (based on the sale price of £230,000), this property offers an excellent return on investment, appealing to savvy investors looking for steady rental income.
Additional Information:
No Onward Chain: The property is available with no onward chain, allowing for a smooth and hassle-free purchase process.
Situated in the popular Dunkirk area of Nottingham, this property enjoys proximity to local amenities, the University of Nottingham, and excellent transport links, making it a highly desirable location for students and professionals alike.
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.
These sales particulars have been prepared by Belvoir upon the instruction of the vendor. Any services, equipment and fittings mentioned in these sales particulars have NOT been tested, and accordingly, no warranties can be given. Prospective purchasers must take their own enquiries regarding such matters. These sales particulars are produced in good faith and not intended to form part of a contract.
EPC rating: D. Tenure: Freehold,