- Flexible Layout +
- Modern Amenities +
- New Boiler +
- HMO Licensed being renewed +
- Strong Rental Potential +
- Freehold +
- Works on the electrics +
Spacious 4/5 Bedroom HMO in Forest Fields, Nottingham
Discover a prime investment opportunity with this generously sized HMO property in the vibrant area of Forest Fields, Nottingham. Whether you are looking for a high-yield investment or a flexible living space, this property offers the perfect blend of comfort and profitability.
Key Features:
Flexible Layout: Boasting five double bedrooms, this property can be tailored to your needs. Use all five as bedrooms for maximum rental income or convert the ground floor bedroom into a cozy communal living space.
Modern Amenities: The ground floor features a spacious kitchen diner, a convenient shower room, and an additional W/C for added comfort and practicality.
Comfortable Living: The first floor accommodates two double bedrooms, while the second floor also houses two double bedrooms, both equipped with sinks for added convenience.
Furnished & Refurbished: All bedrooms come fully furnished with beds, mattresses, wardrobes, and drawers. Recent refurbishments include new flooring and redecoration throughout, ensuring a fresh and modern living environment.
Strong Rental Potential: With an anticipated rental income of £112 per person per week, this property promises a substantial gross annual income of £29,120.
Located in the sought-after Forest Fields area, this property is ideally situated for easy access to local amenities, public transport, and Nottingham's thriving city centre, making it a desirable choice for tenants.
This versatile HMO property is a standout investment with its flexible living options, modern refurbishments, and strong financial potential. Whether you're an experienced investor or new to the market, this property offers a compelling opportunity to secure a high-yield asset in a prime location.
Don't miss out on this opportunity! Contact us today to arrange a viewing or for more information on this exceptional property.
Auctioneer comments
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 4.50% 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.
EPC rating: C. Tenure: Freehold,