5 bedroom house share for sale

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5 bedroom house share for sale

Layton Avenue, Nottingham NG18
£255,000

Our Summary

  • Pinewood Properties are delighted to present this renovated HMO investment opportunity

Description

Pinewood Properties presents a renovated HMO investment opportunity in Mansfield, a large market town with a population of over 100,000. The property, a three-storey semi-detached property, has been converted into 5 units, with 2 units featuring en-suite shower rooms, and has been excellently renovated with attention to detail. The ground floor has a kitchen and dining room, a utility room, and a shower cubicle, while the first floor has 2 units sharing a stunning shower room. The property has achieved full occupancy, producing a gross income of £28,950 per annum, with a gross yield of 11.56%. The property has a new HMO license, set to expire in 2026, and full building control sign-off. The vendor is willing to retain management services and Pinewood Properties has managed the property for several years, making it one of the best of its kind.
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