4 bed detached house for sale

Raleigh Street, Nottingham NG7

£300,000

4-bed HMO - fully let & licensed...

This four bedroom HMO offers well balanced accommodation arranged over two floors, making it an excellent investment opportunity in a popular and well connected student location. The property is fully HMO licensed and benefits from a Certificate of Lawfulness granted by Nottingham City Council, providing full compliance and reassurance for continued multi-let use. Fully let until July 2027, generating an annual income of £29,119.92, the property provides a strong and attractive income stream from day one, equating to an approximate 8.7% gross annual rental yield. With returning tenants already in place, this is a great indication of the property’s ongoing rental appeal and its success as a student let. Situated in a convenient position approximately 300 metres, or a short five minute walk, to Nottingham Trent University campus, and within easy reach of Nottingham City Centre, the property is also close to a range of transport links including the tram, along with a variety of local amenities. This continues to make the area highly desirable for student tenants and supports consistent rental demand. The accommodation is arranged over two floors and comprises a lounge/kitchen, creating a practical communal space for modern student living, along with a ground floor bedroom and a ground floor W/C. To the first floor, there are three further bedrooms serviced by a bathroom suite, with the layout lending itself perfectly to shared accommodation. Externally, the property benefits from a private low maintenance courtyard, along with off-road parking, adding further appeal for tenants. Offered as a ready made investment in an established student area, this property combines a sought after location, proven tenant demand and a solid rental return, making it a great addition to any portfolio.
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EPC Rating: C

Entrance Hall

The entrance hall has carpeted flooring, a radiator, and single wooden door with a glass panelled window providing access into the accommodation.

WC

This space has a low level dual flush WC, a pedestal wash basin, tiled flooring, tiled splashback, a radiator, and an extractor fan.

Lounge / Kitchen

The kitchen has a range of fitted base and wall units with laminate worktops, a stainless steel sink with a mixer tap and drainer, an integrated oven with a gas hob and extractor hood, a freestanding fridge freezer and washing machine, tile-effect vinyl flooring, tiled splashback, an open plan lounge / dining area, a TV point, recessed spotlights, carpeted flooring, a radiator, an in-built under stair cupboard, and multiple single-glazed windows.

Bedroom One

The first bedroom has carpeted flooring, a radiator, recessed spotlights, a single bed, a freestanding wardrobe, a desk, wood-effect UPVC double-glazed windows, and double wood-effect UPVC doors opening out to the rear garden.

Landing

The landing has carpeted flooring and provides access to the first floor accommodation.

Bedroom Two

The second bedroom has single-glazed windows, carpeted flooring, a radiator, a double bed, a freestanding wardrobe and a desk.

Bedroom Three

The third bedroom has dual-aspect single-glazed windows, carpeted flooring, a radiator, a double bed, a freestanding wardrobe and a desk.

Bedroom Four

The fourth bedroom has single-glazed windows, carpeted flooring, a radiator, a double bed, a freestanding wardrobe and a desk.

Disclaimer

HoldenCopley, their clients and employees 1: Are not authorised 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 fact. 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 assumed that the property has all necessary planning, building regulation or other consents and HoldenCopley have not tested any services, equipment or facilities. Purchasers must make further investigations and inspections before entering into any agreement.