Cromwell Street, Nottingham, NG7 5 bed terraced house for sale

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Cromwell Street, Nottingham, NG7 5 bed terraced house for sale

Cromwell Street, Nottingham, NG7
£260,000

Our Summary

  • Discover a prime investment opportunity in the highly sought-after Arboretum area of Nottingham with this newly refurbished four-bedroom HMO
  • Located close to Nottingham Trent University's city campus, this property is ideal for student accommodation, offering convenience, modern amenities, and excellent rental potential

Description

This stylish 4/5-bedroom HMO property in Nottingham's Arboretum area is a prime investment opportunity, offering a strong rental income and good yield. The property features a spacious reception room, modern kitchen, and five bedrooms, including one on the ground floor. With an anticipated rental rate of £110 per person per week, the property promises a gross annual income of £21,120. The property has a HMO license, and all necessary services, including gas, electricity, water, and drainage, are connected. The property is available with no onward chain, allowing for a swift purchase process. With a gross yield of 8%, this investment presents a good return, making it an attractive option for investors.