Addison Street, Nottingham, NG1

£525,000

7-BED HMO - FULLY LET PERIOD PROPERTY…

This substantial seven bedroom HMO offers spacious and well balanced accommodation arranged over three floors, making it an excellent investment opportunity in a prime student location. The property is fully HMO licensed and benefits from a Certificate of Lawfulness granted by Nottingham City Council, providing full compliance and peace of mind for continued use as a multi-let investment. Fully let until July 2027, generating an annual income of £50,959.92, the property provides a strong and attractive income stream from day one, equating to an approximate 10.4% gross annual rental yield. A high number of tenants have also chosen to re-sign, which is a clear indication of the property’s strong rental appeal and its success as a student let. Situated in a convenient location, the property enjoys a highly convenient position approximately 400 metres, or a short walk, to Nottingham Trent University, and just 50 yards from the scenic Arboretum park, a popular socialising spot in the warmer months. It is also within easy reach of Nottingham City Centre, a range of shops, restaurants, bars and excellent transport links, ensuring continued appeal for student tenants. The accommodation is spread across three floors and comprises a fitted kitchen and a living room, providing a practical communal space for modern student living, along with a ground floor bedroom and a separate shower room. To the upper floors, there are a further six well proportioned bedrooms followed by a bathroom suite, with the layout lending itself perfectly to shared accommodation. This period property retains a wealth of original features including decorative coving, high ceilings, original fireplaces and ceiling roses with artex style detailing, adding character and charm throughout. Externally, the property benefits from a separate front garden with a lawned area, along with a private enclosed courtyard to the rear, offering low maintenance outdoor spaces. Offered as a ready made investment in one of Nottingham’s most popular student areas, this property combines generous accommodation, a sought after location, proven tenant demand and a strong rental return, making it an opportunity not to be missed.

MUST BE VIEWED

Entrance Hall

The entrance hall has carpeted flooring, a radiator, coving to the ceiling, a decorative ceiling arch, and a single UPVC door providing access into the accommodation.

Bedroom One

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

Living Room

4.27m x 4.07m

The living room has carpeted flooring, a picture rail, a TV point, a radiator, and open access into the kitchen.

Kitchen

The kitchen has a range of fitted base and wall units with laminate worktops, two stainless steel sinks with mono mixer taps and drainers, two integrated ovens with two gas hobs and extractor hoods, a freestanding fridge freezer, tiled splashback, wood-effect vinyl flooring, a freestanding washing machine, a UPVC double-glazed window to the rear elevation, and a single UPVC door to access the garden.

Corridor

The corridor has wall-mounted shelves and access to inaccessible cellar.

Shower Suite

This shower suite has a low level flush WC, a wash basin, a shower enclosure with a wall-mounted electric shower fixture, waterproof splashback, vinyl flooring, a wall-mounted mirror, and a radiator.

Landing

The landing has carpeted flooring, a radiator and provides access to the first floor accommodation.

Bedroom Two

4.23m x 2.35m

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

Bedroom Three

The third bedroom has a UPVC double-glazed window to the rear elevation, carpeted flooring, an original open fireplace, coving to the ceiling, a radiator, a double bed, a freestanding wardrobe and a desk.

Bedroom Four

4.25m x 3.27m

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

Bathroom

3.37m x 1.92m

The bathroom has a low level flush WC, a pedestal wash basin, a panelled bath with a shower fixture and a shower screen, a radiator, vinyl flooring, waterproof splashback, in-built cupboards, an extractor fan, a wall-mounted mirror, and a UPVC double-glazed obscure window to the rear elevation.

Upper Landing

The upper landing has a single-glazed window to the rear elevation, carpeted flooring, a loft hatch, and provides access to the second floor accommodation.

Bedroom Five

The fifth 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 Six

The sixth bedroom has a UPVC double-glazed window to the front elevation, carpeted flooring, an original open fireplace, a radiator, a double bed, a freestanding wardrobe and a desk.

Bedroom Seven

4.27m x 3.28m

The seventh bedroom has a UPVC double-glazed window to the rear elevation, carpeted flooring, an original open fireplace, 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 an enclosed lawned garden.