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3 bedroom end of terrace house for sale
Mettham Street, Nottingham, NG7 1SH
£240,000
Mettham Street, Nottingham, NG7 1SH
£240,000
Our Summary
- The property has potential to increase the number of lettable rooms and significantly increase the rental income
- - Potential for living room to be converted into 4th bedroom
- Potential to increase number of lettable rooms
Description
This 3-bedroom HMO investment property is situated in the heart of Lenton, within walking distance of the University of Nottingham, the city centre, and local amenities. The property has a long history of use as an HMO and is currently let to three students for the academic years 2024-2025 and 2025-2026 on 52-week tenancies. The property has potential to increase the number of lettable rooms and significantly increase the rental income. The current rental income for 2024-2025 is £18,252 per annum, and for 2025-2026, it's £21,048 per annum, inclusive of bills. The property includes white goods and furniture, and there is potential to convert the living room into a fourth bedroom. With on-street permit parking available, this property is ideally located for Nottingham University students.