Our Summary

• PRIME HMO WITH HUGE POTENTIAL •£40,000+ ANNUAL INCOME:* Currently generating a strong return with potential to increase
• •FULL 5-YEAR HMO LICENCE (Nov 2024) with C4 / Article 4 planning permission granted:* A valuable asset for continued HMO operation
• •DEVELOPMENT POTENTIAL (STPP):* Scope for 8 bedrooms AND a self-contained garden flat
• Purple Bricks are delighted to bring to market a truly outstanding investment opportunity: a beautifully presented and exceptionally well-maintained terraced house operating as a successful *6-bedroom property* in the highly desirable Forest Fields area of Nottingham
• Additionally, the property benefits from a Lawful Development Certificate confirming its C4/Article 4 planning permission, providing further assurance of its established use as a compliant HMO under local planning controls*Secure a High-Yielding Investment with Flexible Tenant Options:*This property currently generates a robust income stream of just under *£40,000 per annum*, providing an attractive return from day one
• **Flexible Living Spaces with Expansion Potential (Subject to Planning Permission):*The property features six well-proportioned bedrooms, three bathrooms, a large reception room, and a spacious open-plan modern kitchen diner
• Furthermore, with minor alterations, the property offers the exciting potential to be converted into an *8-bedroom HMO*, increasing its earning capacity (subject to obtaining the necessary planning permission)
• *Uncapped Potential in the Basement (Subject to Planning Permission):*The property boasts a full ceiling height basement, currently utilised as a home gym and utility room
• This substantial space presents a fantastic opportunity for conversion into a *separate, self-contained garden flat (subject to securing the required planning permission),* offering an additional income stream and increasing the property's overall value
• *Immaculately Presented and Ready for Immediate Investment:*The current owners have significantly improved the property, ensuring it is presented in *immaculate condition
• * This minimises the need for immediate renovations and allows for a smooth and hassle-free investment
• *This is a rare opportunity to acquire a high-performing investment property that is currently licensed for HMO use, offering flexible tenancy options and significant potential for increased returns
• Please note that the potential for an 8-bedroom configuration and the creation of a garden flat are subject to obtaining the necessary planning permission from the local authority
• ARTICLE 4 / C4 PLANNING PERMISSION CERTIFICATE
• Article 4 / c4 planning permission certificate
• FANTASTIC INVESTMENT OPPORTUNITY
• Fantastic investment opportunity
• PRIME HMO WITH HUGE POTENTIAL
• Prime hmo with huge potential