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5 bedroom house for sale

Smithy Close, Nottingham

Sold STC £140,000

Property Description

Key features

  • 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

Full description

•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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Investment Analysis:

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.

More information from this agent

Energy Performance Certificate (EPC) graphs

Listing History

Added on Rightmove:
06 August 2018

Map & Street View

Disclaimer - Property reference 28094514. The information displayed about this property comprises a property advertisement. makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by John Pye Property, Nottingham . Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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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.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call John Pye Property, Nottingham on 0115 970 6060.

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