Trinity Avenue, Lenton, Nottingham

Large 5 Double Bedroom 2 Bathroom Prestigious HMO Property In Highly Sought After Location Within The Heart Of Lenton On The Ever Popular Trinity Avenue

PDM Estates are proud to present this substantial five double bedroom HMO investment, occupying an attractive period property on the highly sought-after Trinity Avenue. Currently let and producing a gross rental income of £29,900 per annum, the property represents an excellent ready-made investment opportunity with an established income already in place.

Extending to approximately 1,249 sq. ft., the accommodation is arranged over three floors and offers particularly generous proportions throughout. The ground floor comprises a sizeable bay-fronted double bedroom, spacious communal lounge and fitted kitchen, while the upper floors provide a further four well-proportioned double bedrooms together with two separate shower rooms, creating a practical layout ideally suited to shared occupation.

The property retains a number of attractive period characteristics, including its imposing traditional façade, bay windows, high ceilings and feature fireplaces, while having been maintained and updated to provide comfortable modern accommodation. Externally, there is also a private enclosed rear garden providing valuable outside space for occupants.

Positioned within an established and consistently popular Nottingham rental location, the property is ideally placed to attract both student and professional tenants. With five double bedrooms, two shower rooms and £29,900 per annum of existing gross rental income, this is an appealing turnkey opportunity for investors seeking a substantial HMO within a proven rental area.

Early viewing is highly recommended.

Price Guidance

The property is available to purchase at an asking price of £300,000.

The property is currently let for a rental income of £29,900 per annum.

This represents an approximate 9.97% annual gross yield, based on the gross rental income.

EPC

EPC Rating D (Please find attached)

Location

Lenton and surrounding areas over the past decade has seen a substantial rise in affluence and investment, becoming a hub of prosperity and prestige. With it being home to two major universities, University of Nottingham and Trent University, one of the largest hospitals in the UK, QMC, and hub for major companies looking for a more centralised position as a whole in the UK, it is little wonder why we seeing significant change for the better in this area.

The property itself is sat on the doorstep of Nottingham city centre and the University of Nottingham, positioned extremely close to one of the main thoroughfares to and from them both, Derby Rd. Just 0.9 miles from one of the UK's largest hospitals QMC, a very short walking distance of 1.2 miles from Nottingham Trent University and just 1.1 miles from the University of Nottingham. Nottingham city railway station a mere 1.3 miles away. An array of excellent local amenities for all ages can be found nearby including a bus stop directly outside the building, with access to the M1, and other major travelling routes as little as a few miles away.

Services

Mains electricity, drainage and water are understood to be connected. The property benefits from gas central heating.

Local Authority

Nottingham City Council

Important Information - Making An Offer: As part of our service to our vendors we ensure that all potential buyers are in a position to proceed with any offer they make and would therefore ask any potential purchaser to speak with our Mortgage Advisor to discuss and establish how they intend to fund their purchase. Additionally we can offer Independent Financial Advice and are able to source mortgages from the whole of the market helping you secure the best possible deal and potentially saving you money. If you are making a cash offer we will ask you to confirm the source and availability of your funds in order for us to present your offer in the best possible light to our Vendor.

Property Particulars: Although we endeavour to ensure the accuracy of property details we have not tested any services heating plumbing equipment or apparatus fixtures or fittings and no guarantee can be given or implied that they are connected in working order or fit for purpose. We may not have had sight of legal documentation confirming tenure or other details and any references made are based upon information supplied in good faith by the Vendor. Any proposed rental figures are speculative based on comparable market data and knowledge of the local rental market. These values should not be relied upon.

Floor Plans: Purchasers should note that if a floor plan is included within property particulars it is intended to show the relationship between rooms and does not reflect exact dimensions or indeed seek to exactly replicate the layout of the property. Floor plans are produced for guidance only and are not to scale.