Introducing a prime investment opportunity in the highly desirable area of Lenton, this student HMO investment property is sure to impress. The property comprises 4 lettable rooms, making it an ideal option for those seeking to invest in the student rental market.
Fully rented out until August 2024, this property generates a net rent of £20,384 inc bills with projections for the next academic year set to be £20,800 exc bills representing a net yield of 6.9% With a history of strong rental demand, this investment property offers a stable income stream and is a great addition to any investment portfolio.
In addition to its prime location, the property also has scope for further value to be added, making it an exciting opportunity for both first-time investors and seasoned professionals. The property has been licensed as an HMO for over 10 years, providing further reassurance to potential investors.
The property tenure is Freehold and as it is a student let, it is exempt from council tax. With an EPC rating of 'D', this property offers a great opportunity for anyone seeking to invest in the thriving student rental market in Lenton. Don't miss out on this rare opportunity to invest in a prime location with excellent rental potential!
In brief the property comprises;-
Entrance door leading to
Entrance Hallway with staircase leading to first floor, door to bedroom one, door to lounge/kitchen, door to cellar.
First floor has three bedrooms and a bathroom.
The property is UPVC double glazed throughout and has gas central heating.
Outside Back garden has decked and gravel areas.
Disclaimer: Council Tax Band Rating - Nottingham City Council - Band C. This information was obtained through the directgov website. Robins Estates cannot guarantee the accuracy of this information, and we advise you to make further checks before entering into any agreement to purchase.
The vendor has advised the following: Property Tenure is Freehold.
Agents Disclaimer: Robins Estates, their clients, and employees 1: Are not authorized to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of 2: Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assume that the property has all necessary planning, building regulation or other consents and Robins Estates have not tested any services, equipment or facilities. Purchasers must make further investigations and inspections before entering into any agreement.
Purchaser information - The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017(MLR 2017) came into force on 26 June 2017. Robins Estates require successful purchasers proceeding with a property to provide two forms of identification i.e. passport or photocard driving license and a recent utility bill or bank statement. We are also required to obtain proof of funds and provide evidence of where the fund originated from. This evidence will be required prior to Robins Estates removing a property from the market and instructing solicitors for your purchase.