Our Summary

Five-bedroom, two-bathroom licensed HMO (potential to make 6 bed)

Rare value-add investment opportunity

Large basement offering excellent development potential (STPP)

Scope to install en-suite bathrooms to increase rental income

55%, 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

Description

The property, located at 91 Burford Road, is a five-bedroom, two-bathroom HMO with a large basement. It features generously proportioned bedrooms, some of which can be reconfigured to include en-suite facilities, and has a deceptively spacious layout with many original features remaining. The property benefits from a large basement that can be developed into additional accommodation or enhanced communal space, subject to necessary consents.

5 bed semi-detached house

Next Steps

Our Summary

Description