5 bed terraced house for sale

Cromwell Street, Nottingham NG7

Stylish 4/5-Bedroom HMO in the Arboretum Area, Nottingham.

Discover a prime investment opportunity in the highly sought-after Arboretum area of Nottingham with this newly refurbished four-bedroom HMO. Located close to Nottingham Trent University's city campus, this property is ideal for student accommodation, offering convenience, modern amenities, and excellent rental potential.

Key Features:

Great Living Spaces: The ground floor features a reception room, perfect for use as a living room, and a stylish kitchen. The ground floor also includes a bedroom to the front elevation.

Comfortable Bedrooms: The ground floor includes one bedroom while the first floor hosts two double bedrooms and a single bedroom, with an additional double bedroom on the second floor, providing ample space and privacy for tenants.

Financial Highlights:

Strong Rental Income: With an anticipated rental rate of £110 per person per week (inclusive of bills), this property promises a gross annual income of £21,120 (48 week contract).

Yield: Offering a gross yield of 8%, this investment presents a good return, making it a great choice for investors.

No Onward Chain: Available with no onward chain, allowing for a swift and smooth purchase process.

Don't miss out on this opportunity! Contact us today to arrange a viewing or for more details on this exceptional property.

The current vendor has a HMO License on the property.

Gas, electricity, water, and drainage are connected.

Council Tax Band- The local authority has advised us that the property is in council tax band A.

Tenure: Freehold

These sales particulars have been prepared by Belvoir upon the instruction of the vendor. Any services, equipment and fittings mentioned in these sales particulars have not been tested, and accordingly, no warranties can be given. Prospective purchasers must take their own enquiries regarding such matters. These sales particulars are produced in good faith and not intended to form part of a contract.

EPC rating: D.