This extensive property features eight generously sized double bedrooms and three bathrooms, making it an appealing option for those seeking a multi-tenant residence in a prime location. Currently licensed as a House in Multiple Occupation (HMO), the property is positioned conveniently near major educational institutions, including the University of Nottingham and Nottingham Trent University, ensuring consistent demand from both student and professional renters.
The property generates an annual rental income of approximately £64,657, reflecting a strong gross yield of around 9.95%. This established income stream positions it as an attractive investment for prospective buyers interested in the growing rental market of Nottingham.
Internally, the residence has been well-maintained and complies with current HMO regulations. Each bedroom is sold fully furnished and equipped with essential amenities such as wash basins. The kitchen is contemporary and includes necessary appliances like a fridge freezer, washing machine, dishwasher, and oven/hob—providing convenience for tenants. The three family-sized bathrooms are recently updated and feature modern fittings along with practical vinyl flooring.
Outdoor space includes private gardens at both the front and rear of the property that require minimal upkeep—ideal for busy tenants or future occupants looking for leisure space.
Lenton has shown significant growth over the past decade, becoming increasingly affluent as it serves as a residential hub for students and professionals alike. Its proximity to vital local amenities enhances its appeal; the city center is just a mile away, while key transport links are easily accessible, including nearby bus stops that provide convenient routes to main thoroughfares including the M1 motorway.
Overall, this property not only offers immediate cash flow through its current leases but also presents future renovation potential to further enhance its value or adapt to evolving market demands. Early viewing is advisable to fully appreciate the opportunities this investment presents.
