Stylish 4-Bedroom HMO in the Arboretum Area, Nottingham
Discover a prime investment opportunity in the highly sought-after Arboretum area of Nottingham with this newly refurbished four-bedroom HMO. Located close to Nottingham Trent University's city campus, this property is ideal for student accommodation, offering convenience, modern amenities, and excellent rental potential.
Key Features:
Modern Living Spaces: The ground floor features a reception room, perfect for use as a living room, and a newly fitted kitchen diner. The ground floor also includes a contemporary bathroom with a shower over the bath.
Comfortable Bedrooms: The first floor hosts two double bedrooms, with an additional two double bedrooms on the second floor, providing ample space and privacy for tenants.
Fully Refurbished: The property has been thoroughly refurbished with a new kitchen, bathroom, flooring, and redecoration throughout, ensuring a fresh and modern living environment.
Fully Furnished: Being sold furnished, this property is ready for students to move in immediately, making it an attractive option for renters and a hassle-free investment for landlords.
Financial Highlights:
Strong Rental Income: With an anticipated rental rate of £155 per person per week (inclusive of bills), this property promises a gross annual income of £29,760 (48 week contract).
High Yield: Offering a gross yield of 10.82%, this investment presents an excellent return, making it a standout choice for investors.
No Onward Chain: Available with no onward chain, allowing for a swift and smooth purchase process.
Don't miss out on this opportunity! Contact us today to arrange a viewing or for more details on this exceptional property.
The current vendor has a HMO License on the property which expires in August 2028.
The property does not have planning for C4.
Gas, electricity, water, and drainage are connected.
Council Tax Band- The local authority has advised us that the property is in council tax band A.
Tenure: Freehold
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,