5 bedroom semi-detached house for sale

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5 bedroom semi-detached house for sale

Albert Grove, Nottingham
£399,000

Our Summary

  • HMO opportunity, fully let for the current academic year, with scope to increase rents within Lenton's golden triangle
  • This property holds a HMO license with scope to increase occupancy and income and holds a certificate of lawful use, within Nottingham City's article 4 area

Description

This HMO property is fully let for the current academic year, with a guaranteed rent contract until 2029, and the option to buy out to achieve full rental income. Located in Lenton, Nottingham, it's within walking distance to the city center, universities, and hospitals. The property has a certificate of lawful use and is licensed for 5 bedrooms and up to 6 occupants. The current rent is £28,157.12 per year, with potential to increase to £34,000-£35,500 annually. The property is fully furnished and inclusive of bills. With a scope to increase occupancy and income, this opportunity is ideal for investors looking to capitalize on the high demand for student accommodation in the area.