Wellington Street, Long Eaton, Nottinghamshire, NG10 4NF

GUIDE PRICE: £350,000 - £375,000

6-BED HMO PROPERTY...

An excellent opportunity for both new and experienced investors, this fully tenanted six-bedroom HMO is generating an impressive approx. 10.97% gross rental yield per year, making it a highly lucrative addition to any property portfolio. The property has an average occupancy of 90% since the first let in mid 2024, after a full renovation. Situated in the highly popular and convenient location of Long Eaton, this property is located close to local shops, eateries, and amenities, and offers excellent transport links. This end-terrace property offers spacious and comfortable living accommodation for tenants. The ground floor comprises a communal entrance hall, one kitchen living space, two of the six well-sized bedrooms and a three piece bathroom suite. To the first floor are three double bedrooms, one of which has an en-suite bathroom, alongside a three piece bathroom suite . The second floor boasts the remaining bedroom with an en-suite. All furnishings and fittings are included in the sale, including the large flatscreen TV in the kitchen living space. Externally, the property features a low-maintenance front courtyard, and a low-maintenance communal rear garden with a paved patio seating area - ideal for tenant use with minimal upkeep required.

MUST BE VIEWED

Ground Floor -

Entrance Hall - 3.21m x 2.12m & 1.57m x 1.32m (10'6" x 6'11" & 5'1 - The entrance hall has herringbone effect flooring, carpeted stairs, understairs storage, a radiator, and a UPVC door leading into the accommodation.

Kitchen Living Space - 7.47m x 3.35m (24'6" x 10'11") - The kitchen living space has a range of fitted base and wall units with rolled-edge worktops, two composite sinks with a swan neck mixer taps and drainers, two integrated ovens with two electric hobs and two extractor fans, two washing machines, two fridge freezers, herringbone style flooring, partially tiled walls, a radiator, recessed spotlights, UPVC double-glazed windows to the side and rear elevation, and a UPVC door leading out to the rear garden.

Bedroom One - 3.58m x 3.12m (11'8" x 10'2") - The first bedroom has carpeted flooring, a radiator, and a UPVC double-glazed bay window to the front elevation.

Bedroom Two - 4.06m x 2.23m (13'3" x 7'3") - The second bedroom has wood-effect flooring, a radiator, and a UPVC double-glazed window to the rear elevation.

Bathroom - 1.87m x 1.55m (6'1" x 5'1") - The bathroom has a low level flush W/C, a vanity style wash basin with a mixer tap, a shower enclosure with a wall-mounted overhead and handheld shower fixture, wood-effect flooring, tiled walls, a heated towel rail, recessed spotlights, and an extractor fan.

First Floor -

Landing - 2.27m x 2.22m (7'5" x 7'3") - The landing has carpeted flooring, a radiator, and access to the first floor accommodation.

Bedroom Three - 3.45m x 3.11m (11'3" x 10'2") - The third bedroom has carpeted flooring, a radiator, and a UPVC double-glazed window to the rear elevation.

Bedroom Four - 4.08m x 3.42m (13'4" x 11'2") - The fourth bedroom has carpeted flooring, a radiator, and a UPVC double-glazed window to the rear elevation.

Bedroom Five - 3.64m x 3.59m (11'11" x 11'9") - The fifth bedroom has wood-effect flooring, a radiator, a UPVC double-glazed window to the front elevation, and access to the en-suite.

En-Suite - 3.31m x 1.10m (10'10" x 3'7") - The en-suite has a low level flush W/C, a vanity style wash basin with a mixer tap, a shower enclosure with a wall-mounted overhead and handheld shower fixture, wood-effect flooring, partially tiled walls, a heated towel rail, recessed spotlights, an extractor fan, and a UPVC double-glazed obscure window to the front elevation.

Bathroom - 3.35m x 1.12m (10'11" x 3'8") - The bathroom has a low level flush W/C, a vanity style wash basin with a mixer tap, a shower enclosure with a wall-mounted overhead and handheld shower fixture, wood-effect flooring, partially tiled walls, a heated towel rail, recessed spotlights, and an extractor fan.

Bedroom Six Stairs - 2.14m x 0.96m (7'0" x 3'1") - This space has carpeted flooring and stairs, and access to the sixth bedroom.

Second Floor -

Bedroom Six - 5.51m x 4.07m (18'0" x 13'4") - The sixth bedroom has fitted base units with a rolled-edge worktop, a composite sink with a swan neck mixer tap, carpeted flooring, partially tiled walls, two Velux windows, recessed spotlights, and access to the en-suite.

En-Suite - 2.51m x 0.79m (8'2" x 2'7") - The en-suite has a low level flush W/C, a vanity style wash basin with a mixer tap, a shower enclosure with a wall-mounted overhead and handheld shower fixture, wood-effect flooring, tiled walls, a heated towel rail, recessed spotlights, and an extractor fan.

Outside -

Front - To the front of the property is a courtyard style garden.

Rear - To the rear of the property is a private enclosed garden with a paved patio seating area, raised planters, a shed, and a brick boundaries.

Additional Information - Electricity – Mains Supply
Water – Mains Supply
Heating – Gas Heating – Connected to Mains Supply
Septic Tank – No
Broadband Speed - Ultrafast - 1800 Mbps (Highest available download speed) 220 Mbps (Highest available upload speed)
Phone Signal – All 4G and some 5G
Sewage – Mains Supply
Flood Risk – No flooding in the past 5 years
Very low risk of flooding
Non-Standard Construction – No
Any Legal Restrictions – No
Other Material Issues – No

Disclaimer - Council Tax Band Rating - Erewash Borough Council - Band C

This information was obtained through the directgov website. HoldenCopley offer no guarantee as to the accuracy of this information, we advise you to make further checks to confirm you are satisfied before entering into any agreement to purchase.
 
The vendor has advised the following:
Property Tenure is freehold.

Agents Disclaimer: HoldenCopley, their clients and employees 1: Are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2: Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and HoldenCopley have not tested any services, equipment or facilities. Purchasers must make further investigations and inspections before entering into any agreement.
 
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