Wellington Street, Nottingham
- PROPERTY TYPE
Semi-Detached
- BEDROOMS
5
- BATHROOMS
2
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- 5 Bedroom Student HMO
- Tenanted for £37,500 pa inc bills
- Dormer Conversion from existing Loft Converstion to add extra room and bathroom
- Fully licensed HMO
- Significant PBSA Developments within close vicinity
- 10.5% gross yield
- EPC Rating E
- NTU Campus 0.3 miles away
- Let for 24/25 for £150 pp pw inc bills
- £71k per bed
Description
LOCATION The property is located on Wellington Street, between Huntingdon Street and Shelton Street. Students at Nottingham Trent University are around 0.4 miles from the main City Campus. Nottinghams Victoria Centre is on your doorstep along with significant recent purpose built student developments
NOTTINGHAM Nottingham is a widely established 2 university city with an estimated student enrolment in excess of 80,000 with NTU being awarded Modern University of the year in 2023. Nottingham regularly appears as one of the UKs top areas for investment with competitive yields down to high rents and relatively low capital values.
THE PROPERTY The house is a 5 bedroom student house, consisting of a ground floor bedroom, open plan kitchen & lounge with bathroom to the rear. The 1st floor contains a further shower room and 3 double bedrooms. The top floor contains a large double bedroom
Buyers should do their own due diligence but we are of the view that a dormer can be added to the top floor to add a further bedroom and bathroom
INVESTMENT DETAILS The property is rented for the current and upcoming academic year for £150 pp pw on a 50 week basis, totaling £37,500 pa. The property has an active HMO License
The asking price of £375,000 represents a gross yield of 10% and £75,000 per bed space
Brochures
Brochure- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Wellington Street, Nottingham
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About FHP Living, Nottingham
Number One, Weekday Cross Nottingham NG1 2GB
FHP Living is Nottingham's leading estate agent, chartered surveyors and residential property consultancy.
0115 8411 155 l
fhpliving.co.uk
Pro-Active Residential Property ConsultantsFHP Living is the residential division of Fisher Hargreaves Proctor Property Consultants, the East Midlands property advisor of the year. We are a vibrant, forward-thinking and proactive estate agency with a dedicated team of hard-working property professionals who focus on specific areas; each agent then becomes an expert with detailed knowledge for that area. It is thanks to our team and this approach that has seen FHP Living grow and prosper during what has been a difficult time for the residential market. This is further demonstrated by our expansion into West Bridgford.
Small Homes to Big Homes
We sell and rent all types of residential property from new-build homes to stately homes; from one-bedroom apartments to 10-bedroom mansions; from houses to rent for £450 per month to houses for sale for more than £2 million.
Specialists in your areaWe specialise in residential sales, lettings and management in The Park, Mapperley Park, the City Centre, West Bridgford & Beyond, Bramcote & Wollaton, and the surrounding suburbs and villages. Our team of specialists can support you through a process that does not have to be trying or stressful...
We are dedicated to delivering a refreshing and tailored approach to selling and letting our clients' homes to suit their busy lifestyles.
So, if you are looking for a city apartment, a traditional terrace, a suburban semi, a new home, a Victorian residence, a rural retreat or a country manor, talk to team FHP Living or search our properties to buy and to rent.
Two Iconic Offices in Great Locations23 Bridgford Road, West Bridgford, Nottingham NG2 6AU Located between 'Caffe Nero' and 'Escabeche'.
Open Monday to Friday 9am to 5:30pm | Saturday 9am to 2.30pm
1 Weekday Cross, Lace Market, Nottingham NG1 2GB Located between 'YO Sushi!' and 'All Bar One'.
Open Monday to Friday 9am to 5.30pm | Saturday 9am to 1pm
As part of our promise to fit around your busy lives, we are happy to arrange viewings outside these hours by special appointment.
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Visit our security centre to find out moreDisclaimer - Property reference 102431016203. 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 FHP Living, 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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