• Currently Let For £21.9K PA +
• Extremely Attractive High Yielding Investment Property (9.13% Gross) +
• Highly Desirable Location In The Heart Of The Students & Professionals Area Lenton +
• On The Doorstep Of Nottingham University & Nottingham City Centre +
• HMO Licenced +
• No Chain +

3 Double Bedroom High Yielding HMO Property In Highly Sought After Location Let For £21,900 PA

PDM Estates are proud to present this brilliant 3 double bedroom HMO property currently let for 24/25. It benefits from a spacious fully equipped bathroom, and large dedicated living room which leads directly on to a rear garden. The property is a fully licensed HMO situated a stones throw from the University of Nottingham and Queens Medical Centre which provide a highly buoyant lettings market ideal for student and professional landlords. It is currently let, and re-let for the 25/26 academic year at £21,900 PA, providing an excellent 9.13% annual gross yield.

The property has been well maintained throughout its ownership, and kept up to date with current HMO regulations and guidance. It is to be sold fully furnished with beds, desks and chairs, wardrobes and cupboards as standard. The large extended modernised kitchen includes all white goods such as fridge freezers, washing machine, dishwasher and an oven/hob.

For those looking for a ready made investment in one Nottinghams highest demand areas for students and professionals akin, look no further. Early viewing is highly recommended.

Price Guidance

The property is available to purchase at a guide price of £240,000.

The property is let for a rental income of £21,900 per annum.

These figures represent a high yield of 9.13%, based on the gross rents receivable.

EPC

EPC Rating D (Please find attached)

Location

Lenton and surrounding areas over the past decade has seen a substantial rise in affluence and investment, becoming a hub of prosperity and prestige. With it being home to two major universities, University of Nottingham and Trent University, one of the largest hospitals in the UK, QMC, and hub for major companies looking for a more centralised position as a whole in the UK, it is little wonder why we seeing significant change for the better in this area.

The property itself is sat on the doorstep of Nottingham city centre and the University of Nottingham, positioned extremely close to one of the main thoroughfares to and from them both, Derby Rd. Just 0.7 miles from one of the UK's largest hospitals QMC, a very short walking distance of under 1.2 miles from Nottingham Trent University and just 0.9 miles from the University of Nottingham. Nottingham city railway station a mere 1.4 miles away. An array of excellent local amenities for all ages can be found nearby including a bus stop directly outside the building, with access to the M1, and other major travelling routes as little as a few miles away.