Property Summary
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 C (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 0.8 miles from one of the UK's largest hospitals QMC, a very short walking distance of under 1.1 miles from Nottingham Trent University and just 0.9 miles from the University of Nottingham. Nottingham city railway station a mere 1.7 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.
Services
Mains electricity, drainage and water are understood to be connected. The property benefits from gas central heating.
Local Authority
Nottingham City Council
Important Information
Making An Offer: As part of our service to our vendors we ensure that all potential buyers are in a position to proceed with any offer they make and would therefore ask any potential purchaser to speak with our Mortgage Advisor to discuss and establish how they intend to fund their purchase. Additionally we can offer Independent Financial Advice and are able to source mortgages from the whole of the market helping you secure the best possible deal and potentially saving you money. If you are making a cash offer we will ask you to confirm the source and availability of your funds in order for us to present your offer in the best possible light to our Vendor.
Property Particulars: Although we endeavour to ensure the accuracy of property details we have not tested any services heating plumbing equipment or apparatus fixtures or fittings and no guarantee can be given or implied that they are connected in working order or fit for purpose. We may not have had sight of legal documentation confirming tenure or other details and any references made are based upon information supplied in good faith by the Vendor. Any proposed rental figures are speculative based on comparable market data and knowledge of the local rental market. These values should not be relied upon.
Floor Plans: Purchasers should note that if a floor plan is included within property particulars it is intended to show the relationship between rooms and does not reflect exact dimensions or indeed seek to exactly replicate the layout of the property. Floor plans are produced for guidance only and are not to scale.
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 C (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 0.8 miles from one of the UK's largest hospitals QMC, a very short walking distance of under 1.1 miles from Nottingham Trent University and just 0.9 miles from the University of Nottingham. Nottingham city railway station a mere 1.7 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.
Services
Mains electricity, drainage and water are understood to be connected. The property benefits from gas central heating.
Local Authority
Nottingham City Council
Important Information
Making An Offer: As part of our service to our vendors we ensure that all potential buyers are in a position to proceed with any offer they make and would therefore ask any potential purchaser to speak with our Mortgage Advisor to discuss and establish how they intend to fund their purchase. Additionally we can offer Independent Financial Advice and are able to source mortgages from the whole of the market helping you secure the best possible deal and potentially saving you money. If you are making a cash offer we will ask you to confirm the source and availability of your funds in order for us to present your offer in the best possible light to our Vendor.
Property Particulars: Although we endeavour to ensure the accuracy of property details we have not tested any services heating plumbing equipment or apparatus fixtures or fittings and no guarantee can be given or implied that they are connected in working order or fit for purpose. We may not have had sight of legal documentation confirming tenure or other details and any references made are based upon information supplied in good faith by the Vendor. Any proposed rental figures are speculative based on comparable market data and knowledge of the local rental market. These values should not be relied upon.
Floor Plans: Purchasers should note that if a floor plan is included within property particulars it is intended to show the relationship between rooms and does not reflect exact dimensions or indeed seek to exactly replicate the layout of the property. Floor plans are produced for guidance only and are not to scale.