4 bedroom house for sale

Marlborough Street, Nottingham

Sold STC £170,000

Property Description

Key features

  • Planning consent for 2nd bathroom
  • 4 Large double bedrooms
  • Fully let for 16/17
  • Close to the Queens Medical Centre
  • 5 minute walk to the University of Nottingham
  • Tram and bus stop close by
  • Modern Kitchen area
  • HMO license for 4 people
  • Scope to increase rent
  • Separate lounge area

Full description

**GUIDE PRICE £170,000**

The property is currently fully let for the 16/17 academic year to 4 students attending The University of Nottingham, with plenty of scope to increase the current rent and therefore maximising your return on your initial investment.

Please read on for more details;

Important Information - HMO license

The property has recently been granted an additional HMO license for 4 people by Nottingham City Council, a copy can be provided upon the agreement of any sale.

Planning consent

We're advised that the property has the relevant C4 usage in order to be let to 3 or more unrelated sharers moving forward. Supporting documentation of this can be supplied upon request in the form of signed tenancy agreements dating back to March 2012 when Article 4 restrictions were introduced by the local planning department.

We're are also advised by our client that planning consent has been granted for a second bathroom to be erected on the first floor directly above the existing bathroom/kitchen.

Current 16/17 tenancy

The property is currently fully let for the 16/17 academic year to 4 students at £68pppw exc. of all bills on a full 10 month contract. Based on the asking price and being let for 12 months this represents a gross return of 8.32% with scope to increase this figure moving forward. Please be advised that marketing has already commenced for 17/18 with the property being advertised at £75pppw exc. of all bills, which if achieved would represent a 9.17% gross return.

*Tenancy agreements can be provided upon request upon the agreement of any sale.

Bedroom 1 - 3.83 x 2.97 (12'6" x 9'8") - Double bedroom located on the ground floor of the property with a large double glazed window overlooking the front elevation complete with roller blinds, light pendant to ceiling, radiator to side wall, brown carpet to floor and a small storage unit housing the gas and electric metres. The bedroom also benefits from a double bed, mattress, study desk and chair and a large wardrobe.

Living Area - 4.00 x 3.98 (13'1" x 13'0") - Seperate living space complete with radiator, brown carpet to floor, double glazed window overlooking the rear garden, under-stair storage cupboard, light pendant to ceiling.

Kitchen - 3.88 x 1.98 (12'8" x 6'5") - Modern galley kitchen with a range of white gloss base units with wooden roll top work surfaces, with added shelving space to the left hand side wall. A double glazed door provides access to the rear garden with a large double glazed window providing plenty of natural light and overlooking the side elevation of the property. In addition - sink/drainer, stainless steel sink, part tiled splashback, Electric hob and cooker, cooker-hood, washer/dryer, free-standing fridge/freezer with new black and white vinyl flooring recently laid in the summer of 2016.

Bathroom - 1.68 x 1.98 (5'6" x 6'5") - Bathroom located to the ground floor rear is complete with wash-hand basin, llwc, bath with shower over and ex-tractor fan with a frosted glass double glazed window to the rear of the bathroom. In addition there has been new vinyl flooring fitted during the summer of 2016.

Bedroom 2 (First Floor - Front) - 3.83 x 3.98 (12'6" x 13'0") - Large double bedroom with bay window overlooking the front elevation complete with roller blind, light pendant to ceiling, brown carpet to floor and radiator. complete with fitted roller blinds. The bedroom also benefits from a double bed, mattress, study desk and chair and a large wardrobe.

Bedroom 3 (First Floor - Rear) - 3.26 x 3.98 (10'8" x 13'0") - Large rear first floor bedroom with brown carpet to floor, light pendant to ceiling, radiator to side wall, double glazed window overlooking the rear garden complete with fitted roller blinds. The bedroom also benefits from a double bed, mattress, study desk and chair and a large wardrobe.

Bedroom 4 (Second Floor) - 3.83 x 3.98 (12'6" x 13'0") - Large double bedroom situated on the 2nd floor of the property with brown carpet to floor, light pendant to ceiling, radiator to side wall, double glazed window overlooking the front elevation complete with fitted roller blinds. The bedroom also benefits from a double bed, mattress, study desk and chair and a large wardrobe.

Rear Garden - Generously sized garden with little maintenance required and fencing to both sides which is in a good state of repair upon inspection.

Viewings - 6 Lenton Boulevard Lenton Nottingham Nottinghamshire NG7 2ES nottingham@nicholashumphreys.com 0115 870 9619

Services - Mains water, gas and electricity are available to the property but none of these, nor any of the appliances attached thereto, have been tested by Nicholas Humphreys, who gives no warranties as to their condition or working order. Telephone subject to suppliers regulations.

Fixtures, Fittings & Appl. - The mention of any fixtures, fittings and/or appliances does not imply they are in full efficient working order.

Internal Photographs - Photographs are reproduced for general information and it cannot be inferred that any item shown is included in the sale.

Measurements - Every care has been taken to reflect the true dimensions of this property but they should be treated as approximate and for general guidance only.

Money Laundering - Where an offer is successfully put forward we are obliged by law to ask the prospective purchaser for confirmation of their identity. This will include production of their passport or driving licence and a recent utility bill to prove residence. This evidence will be required prior to solicitors being instructed.

General Note - These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on these Particulars of Sale as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this agent's employment has the authority to make or give any representation or warranty in respect of the property.

Hours Of Business - Our office is open Monday to Friday 9am till 5.30pm and Saturday, 9am till 4pm. For your convenience we are also contactable out of office hours - Email nottingham@nicholashumphreys.com.

Particulars - These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firm s employment has the authority to make or give any representation or warranty in respect of the property.


More information from this agent

Listing History

Added on Rightmove:
26 October 2016

Nearest stations

  • Station St (1.5 mi)
  • Nottingham (1.6 mi)
  • Old Market Square (1.6 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Nicholas Humphreys, Nottingham

6 Lenton Boulevard Lenton Nottingham NG7 2ES

0115 870 9619 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Station St (1.5 mi)
  • Nottingham (1.6 mi)
  • Old Market Square (1.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Nicholas Humphreys, Nottingham

6 Lenton Boulevard Lenton Nottingham NG7 2ES

0115 870 9619 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 26593956. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Nicholas Humphreys, Nottingham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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