Cromwell Street, Nottingham, NG7

£350,000

5-BED HMO - GREAT INVESTMENT OPPORTUNITY…

This five bedroom, three storey terraced house offers spacious and well balanced accommodation, making it an excellent investment opportunity for landlords looking to expand their portfolio. The property is fully HMO licensed and benefits from a Certificate of Lawfulness granted by Nottingham City Council, providing reassurance and compliance for continued multi-let use. Ideally suited to the student rental market, the property is currently let until September 2027, with most of the existing tenants choosing to re-let, which is a strong indication of both the quality of the accommodation and the popularity of the location. Generating an annual income of £36,400 and an approximate 10.4% gross annual rental yield, the property provides a reliable and consistent income stream. Situated in a prime student location approximately 300 metres, or a short five minute walk to Nottingham Trent University campus and only a short distance to Nottingham City Centre, the property benefits from excellent access to a wide range of local amenities including shops, cafés, restaurants and transport links, all of which continue to make this area highly desirable for student tenants. The accommodation is arranged over three floors and offers generous living space throughout. To the ground floor there is a good sized lounge that flows through to a fitted kitchen, along with a ground floor shower suite. The upper floors host a range of well proportioned bedrooms, serviced by further shower suites on the second floor, providing practical and convenient living arrangements for multiple occupants. The property also benefits from a private enclosed rear garden and off-street parking for one car. With strong rental demand in the area, long term tenancies already secured and evidence of tenants choosing to stay on, this property represents a fantastic ready made investment opportunity that must be viewed to be fully appreciated.

MUST BE VIEWED

Entrance Hall

The entrance hall has carpeted flooring, a radiator, and a single wooden door with glass inserts providing access into the accommodation.

Bedroom One

The first bedroom has a UPVC double-glazed window to the front elevation, carpeted flooring, a radiator, a double bed, a freestanding wardrobe and a desk.

Lounge

The lounge has carpeted flooring, a TV point, a radiator, an in-built cupboard, a freestanding fridge freezer, and a single UPVC door providing access to the garden.

Kitchen

The kitchen has a range of fitted base and wall units with rolled-edge laminate worktops, a stainless steel sink with a mono mixer tap and drainer, an integrated oven with an electric hob and extractor hood, a freestanding washing machine, tiled splashback, wood-effect vinyl flooring, and a UPVC double-glazed window to the side elevation.

Shower Suite

The shower suite has a low level dual flush WC, a pedestal wash basin, a corner fitted shower enclosure with a wall-mounted electric shower fixture, a radiator, fully tiled walls, wood-effect vinyl flooring, an extractor fan, and a UPVC double-glazed obscure window to the side elevation.

Landing

The landing has carpeted flooring and access to the first floor accommodation.

Bedroom Two

The second bedroom has a UPVC double-glazed window to the rear elevation, carpeted flooring, a radiator, a double bed, a freestanding wardrobe, desk and in-built cupboards.

Bedroom Three

The third bedroom has a UPVC double-glazed window to the front elevation, carpeted flooring, a radiator, a double bed, a freestanding wardrobe and a desk.

Upper Landing

The upper landing has carpeted flooring, a loft hatch, and provides access to the second floor accommodation.

Shower Suite Two

This shower suite has a low level flush WC, a wall-hung wash basin, a shower enclosure with a mains-fed shower, tiled splashback, vinyl flooring, and an extractor fan.

Bedroom Four

3.81m x 3.23m

The fourth bedroom has a UPVC double-glazed window to the front elevation, carpeted flooring, a radiator, a double bed, a freestanding wardrobe and a desk.

Bedroom Five

2.95m x 3.24m

The fifth bedroom has a UPVC double-glazed window to the rear elevation, carpeted flooring, a radiator, a double bed, a freestanding wardrobe and a desk.

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.

Rear Garden

To the rear of the property is a private enclosed garden.

Front Garden

To the front of the property is a driveway.

Parking - Driveway