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6 bed semi-detached house
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Our Summary
- Rare value-add investment opportunity
- Large basement offering excellent development potential (STPP)
- Scope to install en-suite bathrooms to increase rental income
- 08%, with significant scope to increase rental income through a number of value-enhancing opportunities
- Deceptively spacious throughout, with lots of original features still remaining, the property provides generously proportioned bedrooms, all of which offer the potential to be reconfigured to include en-suite facilities, enabling a substantial uplift in rental values in line with current student market demand
- In addition, the property benefits from a large basement, presenting an exceptional opportunity for further development (subject to the necessary consents), creating additional accommodation or enhanced communal space and further increasing the property's income-producing potential
- Opportunities to acquire HMOs of this size, with genuine potential to increase room numbers, introduce en-suite accommodation and maximise rental income, are increasingly rare within Nottingham's mature rental market
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Description
The property is a six-bedroom, two-bathroom House of Multiple Occupation (HMO) in a sought-after student location in Nottingham. It is deceptively spacious with original features still remaining, and offers generously proportioned bedrooms that can be reconfigured to include en-suite facilities. The property has a large basement providing an opportunity for further development to create additional accommodation or enhanced communal space.
The property benefits from free on-street parking and is located within walking distance of Nottingham City Centre, local amenities, and regular public transport links.