Cottesmore Road, Nottingham
- PROPERTY TYPE
End of Terrace
- BEDROOMS
4
- BATHROOMS
1
- SIZE
Ask agent
- TENUREDescribes 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
- 4 Bedroom HMO Investment
- C4 status confirmed
- Current HMO License
- Previously rented for £107 pp pw exc bills
- Rental Uplift through Renovations
- Off Street Parking
- Golden Triangle of Lenton
- Walking distance to UofN campus
- £82,500 per bedroom
- Sold with Vacant Possession
Description
Cottesmore Road is part of the fabled 'Golden Triangle' of Lenton, a well established prime location for students at the University of Nottingham. The road is accessed from Derby Road or Ashburnham Avenue. Derby Road leads directly to the main University Park campus as well as the City Centre. Local amenities include a Sainsburys Local, the main high street of Lenton Boulevard and Lenton Recreational Ground. Within a short drive, you have both Castle Marina Retail park & Castle Retail Park
The property itself appears as a 1950s/60s 3 bedroom end terrace that over time has seen its garage converted to a ground floor bedroom. In recent years, the property has been let as a Student HMO to 4 persons and has received a C4 certificate proving its use class. It has a current HMO License but is being sold with vacant possession but was previously let for £127 pp pw inc bills until the Summer of 2023.
The property has 4 double bedrooms, sharing a bathroom, separate WC, a kitchen & open plan living and dining room. The property has a small rear garden along with a driveway for off street parking.
The property is ready for a new investor to conduct renovations along with minor HMO works to be ready for occupancy in Summer 2024
The property is available for an asking price of £330,000
- £82,500 per bedroom
- Income of £21,400 pa (exc bills) at previously rented figure for a 6.5% yield
- Reversionary income of £155 pp pw exc bills post renovations / £31,000 pa
To book you viewing, contact FHP Student Living
- 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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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Cottesmore Road, Nottingham
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- High School Tram Stop0.8 miles
- Nottingham Trent University Tram Stop0.9 miles
- The Forest Tram Stop0.9 miles
About the agent
FHP Living, Nottingham
Number One, Weekday Cross Nottingham NG1 2GB
FHP Living is Nottingham's leading estate agent, chartered surveyors and residential property consultancy.
0115 8411 155 l
fhpliving.co.uk
Pro-Active Residential Property ConsultantsFHP Living is the residential division of Fisher Hargreaves Proctor Property Consultants, the East Midlands property advisor of the year. We are a vibrant, forward-thinking and proactive estate agency with a dedicated team of hard-working property professionals who
Industry affiliations
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