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Layton Avenue, Nottinghamshire, NG18

PROPERTY TYPE

Semi-Detached

BEDROOMS

6

BATHROOMS

6

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Key features

  • 6 Bedroom Professional HMO
  • Newly Renovated for 2022
  • 6 x Self Contained Rooms
  • Dense Residential Location
  • Income of £48,720 pa inc bills
  • New HMO license
  • 0.4 miles from Mansfield Train Station
  • 12.1% Gross Yield

Description

Hortons are delighted to present this newly renovated HMO investment opportunity. The property has been fantastically converted into 6 x self contained units, each with kitchenette and en-suite producing c. £48,720 pa inc bills for a gross yield of 12%

Mansfield is a large market town with a population of over 100,000, set around 12 miles north of Nottingham City Centre. It lies around 6.8 miles east of the M1, has a train station on the Robin Hood Line along with regular bus routes to Nottingham City.

The property is a 1920’s Semi-Detached property, converted in 2022 to consist of 6 Self-Contained units with 4 units from the original entrance and the remaining two units benefitting their own private access to the side & rear of the building. The property has been excellently renovated with significant attention to detail. The units benefit from their own en-suite, kitchenette, fuse box, meters so can be fully self-contained.

The vendor has achieved full occupancy commencing in August / September 2022 following its renovation, producing the below income;

Room No 1 - £700 pcm
Room No 2 - £650 pcm
Room No 3 - £650 pcm
Room No 4 - £700 pcm
Room No 5 - £675 pcm
Room No 6 - £685 pcm

Summary income = £4060 pcm (£48720 pa)

The property received a new HMO license, set to expire in March 2027 (new owners would need to re-apply). The property is not located in an area with Article 4 and the property has full building control sign off. The vendor would also offer to retain management services should they be requested.

Disclaimer

Important Information:



Property Particulars: Although we endeavor to ensure the accuracy of property details we have not tested any services, equipment or fixtures and fittings. We give no guarantees that they are connected, in working order or fit for purpose.



Floor Plans: Please note a floor plan is intended to show the relationship between rooms and does not reflect exact dimensions. Floor plans are produced for guidance only and are not to scale.

Energy Performance CertificatesA document confirming the energy efficiency rating of the property.Read more about epc in our glossary page.

Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.

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Layton Avenue, Nottinghamshire, NG18

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Mansfield Station0.4 miles
  • Mansfield Woodhouse Station1.3 miles
  • Sutton Parkway Station2.7 miles
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About the agent

Hortons, Nottingham

Cumberland House, 35 Park Row, Nottingham, NG1 6EE

Hortons, Nottingham
About Us
Hortons overview

We've torn up the rule book and have built a property agency fit for the world we live in with professional, experienced estate agents who are Partners of Hortons.

Clients can expect to work with their own personal agent ensuring they get a high level of service and the very best advice, acting as a single point of contact from start to finish.

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Disclaimer - Property reference RX186439. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Hortons, Nottingham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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