5 bedroom house for saleSmithy Close, Nottingham
- Auction Date: 19th & 20th September 2018
- Requires a program of renovation
- Recent new electrics and plumbing installed
- Potential to increase occupancy capacity to 9 lettable rooms (STP)
- Ideal buy to let opportunity
- Potential Income of £39,780 per annum
- Open Plan Kitchen/Diner
- Large decked rear garden
- Cul-de-sac Location
- Vacant possession
•For Sale By Online Auction 19th & 20th September 2018
•Guide Price: £140,000+
•Five Bedroom Extended End Terrace House
•Ideal Buy To Let Investment Opportunity
•In Area Of High Demand For Rental Property
The property is being offered to the market at a substantially discounted purchase price as some works are still required for completion allowing individuals to stamp their own mark.
In brief, at ground floor level, the property consists of a large through lounge with dual aspect double glazing allowing plentiful natural daylight and spacious kitchen / diner with newly fitted double glazed doors to the decked garden area.
The property is conveniently located at the end of a cul de sac in the Clifton Area of Nottingham.
The Nottingham Trent University is situated within a 2 minute walk from the property making this particularly attractive to potential student landlords. Alternatively the area is also attractive to families as there are a good selection of schools within the area.
In the immediate vicinity there is a wide selection of shops including Morrisons just a five minute walk away. There is also a good range of health and leisure facilities.
The NET Tram system also operates through the Clifton area and provides simple access to the centre of Nottingham where there is an excellent range of amenities expected from a city of this nature.
The M1 Motorway is located just 7 minutes from the property via the recently upgraded A453.
Description Continued - To the first floor there are four double bedrooms with ample storage space and a room to be utilised as a modern family bathroom. Stairs from the first floor landing lead up to the roof space which could also be used as a bedroom with significant storage space beneath the eaves. In addition to the main property there is a part built outbuilding which could potentially be completed to provide two further lettable rooms with an en-suite Jack and Jill bathroom. (STP)
Outside and to the rear there is a generous garden area being mainly decked. To the front of the property there is adequate car parking for 2/3 vehicles.
Accommodation - Lounge: 6.81m x 3.44m
Kitchen/Diner: 6.2m x 5.64m
Bedroom 1: 3.58m x 3.09m
Bedroom 2: 3.42m x 2.21m
Bedroom 3: 4.96m x 2.86m
Bedroom 4: 3.23m x 2.97m
Bedroom 5: 5.91m x 3.26m
Bathroom: 2.31m x 2.18m
Tenure - The property is freehold.
Services - We understand the property is connected to mains gas, electric water and drainage.
Guide Price - £140,000+
Buyers Premium - 2% (min. £3,600) inc. VAT
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Subject to obtaining an HMO licence the property can potentially be let on a room by room basis for £85 per week). This alone represents an ideal investment opportunity. Should the conversion of the outbuilding be complete and the large dual aspect lounge be split to form 2 further bedrooms this would increase the rental income significantly In addition to adding excellent capital value.
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*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
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