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6 bedroom semi-detached bungalow for sale
42 Dorket Drive, Nottingham, Nottinghamshire, NG8 1AD
£280,000
42 Dorket Drive, Nottingham, Nottinghamshire, NG8 1AD
£280,000
Our Summary
- FOR SALE BY ONLINE AUCTION - A fully tenanted five bedroom, two bathroom HMO let to students producing £32,500 per annum Description Freehold semi detached bungalow 5 bedroom, 2 bathroom fully tenanted HMO Benefits from a driveway and large rear garden Strong rental demand in an area popular with students Close to the Nottingham universities, QMC Hospital, retail and city amenities Tenants cover all bills Representing a 11
- Planning Planning granted through Nottingham City Council, Ref: 18/02655/PCLE (22-12-2018) Planning granted for Certificate of Lawfulness (existing) for use as HMO HMO Compliance - HMO License - EICR - Gas Safety Certificate - Certificate of Lawfulness Please see legal pack for copies of these documents Tenancy Details Fully let to student tenants under a single AST starting from 1st August 2025 for 12 months
Description
This is a freehold semi-detached bungalow in Nottingham, currently generating £32,500 per annum in rental income through a fully tenanted HMO (House of Multiple Occupation) with five bedrooms and two bathrooms. The property benefits from a driveway and large rear garden, and is situated in an area popular with students, close to the universities, QMC Hospital, and city amenities. The tenants cover all bills, and the property offers a strong 11.6% net yield on the guide price. Planning permission has been granted for the use of the property as an HMO, and all necessary compliance documents are in place, including an HMO license, EICR, gas safety certificate, and certificate of lawfulness. The property is currently let to student tenants under a single AST starting from August 2025 for 12 months.