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6 bedroom terraced house for sale

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6 bedroom terraced house for sale

Wiverton Road, Nottingham NG7
£500,000

Our Summary

  • Prime HMO with huge potential
  • •£40,000+ annual income:* Currently generating a strong return with potential to increase
  • •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
  • *Flexible Living Spaces with Expansion Potential (Subject to Planning Permission):*
  • 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):*
  • 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
  • * 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
  • FANTASTIC INVESTMENT OPPORTUNITY
  • Fantastic investment opportunity
  • PRIME HMO WITH HUGE POTENTIAL
  • Prime hmo with huge potential

Description

This is a prime investment opportunity in Nottingham's Forest Fields area, a highly desirable location near Nottingham Trent University and the City Centre. The property is a beautifully presented, 6-bedroom terraced house that is currently operating as a successful HMO, generating a strong annual income of £40,000+. The property has a full 5-year HMO licence, granted by Nottingham City Council, and is in immaculate condition, requiring minimal renovation work. The current tenancy agreements with reliable young professionals are concluding in September, offering a choice for the new owner to retain professionals or target the lucrative student market. The property also has development potential, with scope to convert the basement into a self-contained garden flat, subject to planning permission. With its prime location, flexible tenancy options, and significant potential for increased returns, this property is an exceptional investment opportunity that should not be missed.