• Currently Let For 24/25 For In Excess Of £30.2K PA +
• Let Agreed For Next Academic Year 25/26 At £30.66K PA +
• Extremely Attractive High Yielding Investment Property +
• Very Rare Character 4 Double Bedroom Detached Property +
• 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 +

Very Rare Detached Character 4 Double Bedroom Prestigious High Yielding HMO Property In The Heart Of Lenton In Highly Sought After Location Let For Academic Year 25/26 At £30,660 PA

PDM Estates are proud to present this very rare opportunity to acquire this 4 double bedroom HMO property currently let for 24/25. It benefits from 2 spacious fully equipped bathrooms, a spacious dedicated living room and large open plan kitchen diner 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 £30,660 PA, providing an excellent 8.76% 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, electronics such as wall mounted tv's (where shown), desks and chairs, wardrobes and cupboards as standard. The 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 £350,000.

The property is currently let for a rental income of £30,200 per annum.

The property has also been let for the next academic year 25/26 for an agreed rental income of £30,660 per annum.

These figures represent a high yield of 8.73% for the year 25/26, based on the gross rents receivable.

EPC

EPC Rating E (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.