£380,000
Est. Mortgage £1,733 per month*

5 bedroom detached house for sale

Harrington Drive, Nottingham NG7 1JN
detached house detached house
bedrooms 5 bedrooms

Property description

Great investment opportunity to own this 5 bedroom HMO in a sought after areaThe owner has kept the property in great condition throughout the years, carrying out renovations and improvementsAll licencing and C4 planning in placeTwo of the rooms come with en-suite bathrooms, there is also potential to extend the property into a six bedroom HMO SSTPThe additional amenities and space provided in the two kitchens has proven to attract the professional tenants to have longer tenancies (2-3 years) and helping to reduce void periods.Drive way - providing two off-road parking spacesSecure bike store that is large enough for each of the five tenants to keep a bike away behind secure gated access.External security lightingRear garden benefits from a good orientationDimmable downlighting in all the bedroomsLong rental historyRental income of £2490 pcm - (£29,880 per annum) inclusive of bills (Council Tax, insurance, Broadband, duel fuel, TV license, water rates = £702.18 pcm)Rental income does have the potential to be increased.Proposed rental increase to £2620 pcm - (£31,440 per annum) from 1st October7.8% gross yield

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Harrington Drive, Nottingham NG7 1JN

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Cavendish Residential - Nottingham One Fletcher Gate Nottingham, Nottinghamshire NG1 1QS
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