Mettham Street, Nottingham
- PROPERTY TYPE
End of Terrace
- BEDROOMS
3
- 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
- Prime 3-Bedroom HMO in Lenton, Nottingham
- Flexible Living Spaces
- Comfortable Bedrooms
- Redevelopment Potential
- Strong Rental Potential
- Attractive Yield
- No Onward Chain
- Freehold
- HMO in application
Description
Explore a fantastic investment opportunity with this three-bedroom HMO situated in the highly sought-after area of Lenton, Nottingham. Located conveniently close to both Nottingham University and Nottingham Trent University, this property is ideally positioned for student accommodation, offering a blend of convenience and excellent rental potential.
Key Features:
Flexible Living Spaces: The ground floor features two spacious reception rooms, perfect for use as a living room and dining room, along with a generous kitchen diner and a modern downstairs bathroom with shower.
Comfortable Bedrooms: The first floor includes two double bedrooms, while the second floor offers an additional double bedroom, providing ample space for tenants.
Modern Enhancements: The property boasts a recently fitted kitchen and bathroom, ensuring contemporary living standards.
Redevelopment Potential: Currently undergoing redevelopment, this property is ideal for investors looking to complete the renovations and rent out the space. Note that remedial works are needed in the living and reception areas, providing an opportunity to add value.
Financial Highlights:
Strong Rental Potential: Expected rental income is £115 per person per week, generating a gross annual income of £17,940.
Attractive Yield: With a gross yield of 8.97%, this property promises a solid return on investment in a high-demand rental market.
No Onward Chain: The property is available with no onward chain, facilitating a quick and easy purchase process.
Location:
Situated in the vibrant student hub of Lenton, this property is within easy reach of both Nottingham University and Nottingham Trent University. Its proximity to local amenities, public transport, and popular student destinations makes it an attractive choice for tenants.
Don't miss out on this opportunity! Contact us today to arrange a viewing or for more details on this exceptional property.
Lounge - 3.54 x 3.55 (11'7" x 11'7") - Stepping though upvc front door into the lounge which has radiator and window to the front elevation.
Dining Room - 3.60 x 3.57 (11'9" x 11'8") - With stairs to the first floor, window to the rear, radiator, and door to the side elevation. Stairs lead down into the cellar.
Kitchen - 4.61 x 2.09 (15'1" x 6'10") - Fitted with a range of wall and floor units in a wood grained effect finish with black worktops. Inset one and a half bowl stainless steel sink and drainer with mixer tap, four ring gas hob with extractor and electric oven. Space for all appliances, a breakfast bar, radiator, window and door to the side elevation.
Shower Room - 1.84 x 1.96 (6'0" x 6'5") - Fitted with a three peice suite comprising wash hand basin, sink set in vanity unit and a corner shower cubicle. With aqua boarding, radiator and a window to the side elevation.
Stairs & Landing -
Bedroom - 3.55 x 3.55 (11'7" x 11'7") - With radiator and window to the front elevation.
Bedroom - 2.81 x 3.33 (9'2" x 10'11") - With radiator and window to the rear elevation.
Stairs -
Bedroom - 5.33 x 3.59 (17'5" x 11'9") - With radiator and window to the front elevation.
Rear Garden - Paved for low maintenance.
Licensing Information -
Brochures
Mettham Street, NottinghamBrochure- 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.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- 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
Mettham Street, Nottingham
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Royal Centre Tram Stop1.0 miles
- Nottingham Trent University Tram Stop1.0 miles
- Old Market Square Tram Stop1.0 miles
About the agent
Belvoir Sales, Nottingham
23-25 Market Street, Nottingham NG1 6HX
Nottingham is a vibrant and cosmopolitan city with something for everyone, which is why this dynamic county is always in high demand and is the perfect place for people to buy a home.
For over 20 years, Belvoir! Nottingham continues to be a well-respected, award winning letting and estate agent with decades of combined experience in the property industry and the local area.
Our offices are full of expertise, and we are here to help you every step of the way. We are a detail-driven
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Visit our security centre to find out moreDisclaimer - Property reference 33197241. 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 Belvoir Sales, 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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