Key info
4Bedrooms
1Bathrooms
0 sqmSize
Property description
Strategy: HMO
DESCRIPTION FHP Student Living are delighted to offer this 4 bedroom student HMO property, with Certificate of Existing Lawful use (C4) approved, in the highly desirable location of Lenton.
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 £320,000
- £80,000 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
Sourced reference: 151409435
Location
Disclaimer
Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.
Sales Agent
Fhp Living
Nottingham
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