Wellington Street, Nottingham
- PROPERTY TYPE
Semi-Detached
- BEDROOMS
5
- BATHROOMS
2
- SIZE
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- 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
- 5 Bedroom Student HMO
- Tenanted for £37,500 pa inc bills
- Dormer Conversion from existing Loft Converstion to add extra room and bathroom
- Fully licensed HMO
- Significant PBSA Developments within close vicinity
- 10.5% gross yield
- EPC Rating E
- NTU Campus 0.3 miles away
- Let for 24/25 for £150 pp pw inc bills
- £71k per bed
Description
LOCATION The property is located on Wellington Street, between Huntingdon Street and Shelton Street. Students at Nottingham Trent University are around 0.4 miles from the main City Campus. Nottinghams Victoria Centre is on your doorstep along with significant recent purpose built student developments
NOTTINGHAM Nottingham is a widely established 2 university city with an estimated student enrolment in excess of 80,000 with NTU being awarded Modern University of the year in 2023. Nottingham regularly appears as one of the UKs top areas for investment with competitive yields down to high rents and relatively low capital values.
THE PROPERTY The house is a 5 bedroom student house, consisting of a ground floor bedroom, open plan kitchen & lounge with bathroom to the rear. The 1st floor contains a further shower room and 3 double bedrooms. The top floor contains a large double bedroom
Buyers should do their own due diligence but we are of the view that a dormer can be added to the top floor to add a further bedroom and bathroom
INVESTMENT DETAILS The property is rented for the current and upcoming academic year for £150 pp pw on a 50 week basis, totaling £37,500 pa. The property has an active HMO License
The asking price of £375,000 represents a gross yield of 10% and £75,000 per bed space
- 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.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Wellington Street, Nottingham
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Nottingham Trent University Tram Stop0.4 miles
- Royal Centre Tram Stop0.4 miles
- Lace Market Tram Stop0.5 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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