Get brand editions for John Pye Property, Nottingham

3 bedroom end of terrace house for sale

Vernon Avenue, Nottingham, Nottinghamshire, NG9

Sold STC £110,000

Property Description

Key features

  • Three bedrooms
  • Highly desirable location
  • Potential for conversion to two flats (STP)
  • Possibility for lof conversion
  • Good transport links
  • Close to Nottingham University so excellent rental potential
  • Potential to add value
  • Freehold

Full description

Tenure: Freehold

Location
The subject property is located on the western side of Vernon Road in the centre of the highly desirable town of Beeston in the City of Nottingham.

Beeston boasts a good range of amenities including Sainsburys and Tesco Supermarkets, a wide selection of bars, cafe's and restaurants along with an excellent array of independent retailers including traditional greengrocers, fishmongers, butchers and bakers.

The property is within a 2 minute walk from the NET tram line linking to Nottingham City Centre. The tram will soon link to the new HS2 line at Toton which will provide access to London in under 50 minutes.
Description
This three bedroom end terrace property is entered by way of a wooden door directly to the lounge. There is a UPVc bay window to the front elevation and a doorway through to the dining room, where there is a window to the rear elevation. The kitchen has base and eye level units, a stainless steel sink with drainer and door to the rear yard.

The first floor, which is accessed from the dining room, hosts a large bedroom to the front, together with a long corridor and two further bedrooms and a shower room.

The property requires a full series of modernisation and provides an ideal blank canvas.

Accommodation
Lounge 4.24m x 3.53m (max)
Dining room 3.62m x 3.42m (max)
Kitchen 3.95m x 2.11m (plus rear porch)
Bedroom one: 4.10m x 3.64m (max)
Bedroom two: 3.62m x 3.23m (max)
Bedroom three: 2.98m x 2.11m
Shower room: 1.98m x 1.21m

Services
We understand the property is connected to mains gas, electricity, water and drainage.

Tenure
The property is freehold.

Investment Analysis
Following a series of improvements it is envisaged the property will achieve a rental income of 8,400 pa as a single dwelling. This represents a gross yield before costs of 7.63%. In addition substantial capital gains can be achieved after refurbishment.

If the property was to be converted to two flats, we believe a resale value would be in excess of 100,000 each, depending on finish, with rental incomes expected to be in the region of 6,000 pa each.

Council Tax
The property is rated in Council Tax Band B. Council Tax payable (2016/2017) is 1327.10 p.a.

*Guide Price
110,000

More information from this agent

Listing History

Added on Rightmove:
05 October 2016

Nearest stations

  • Beeston (0.6 mi)
  • Attenborough (1.6 mi)
  • Station St (3.2 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:

John Pye Property, Nottingham

James Shipstone House, Radford Road, New Basford, Nottingham, NG7 7EA

0115 798 0657 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

  • Beeston (0.6 mi)
  • Attenborough (1.6 mi)
  • Station St (3.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

John Pye Property, Nottingham

James Shipstone House, Radford Road, New Basford, Nottingham, NG7 7EA

0115 798 0657 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 1VERNON. 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 John Pye Property, 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.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call John Pye Property, Nottingham on 0115 970 6060.


Map data OpenStreetMap contributors.