Property Description

This is an exceptional investment opportunity offering a yield of 16.5% based on the current guide price. While the property requires modernisation, it features a spacious mid-terrace layout divided into four separate flats, all occupied by long-term tenants at a monthly rent of £550 a total of £2200 per calendar month, funded by the council/government. Conveniently located near The Meadows Recreation Ground, The River Trent, and The Embankment, it is also close to local schools and Nottingham City Centre. In summary, the property includes an entrance hallway that leads to the first two flats, with an additional flat and two separate bathrooms equipped with white three-piece suites on the first floor. The fourth flat is situated on the second floor, which also contains a separate WC. Please note all utilities are organised and paid for by the tenants.

Flat One

Ground floor lounge/bedroom with its own bathroom located on the first floor, benefitting from a white three piece suite.

Flat Two

Ground floor lounge/Bedroom, separate kitchen with access to rear courtyard. Flat two also comes with its own bathroom located on the first floor, benefitting from a white three piece suite.

Flat Three

Second floor lounge/Bedroom benefitting from a shower and kitchenette. Flat three has its own WC located on the second floor.

Flat Four

Third floor lounge/bedroom with kitchenette, benefitting from its own shower room.

Outside

To the rear is a small courtyard with further garden space over the rear alley walkway.

Additional Information:

Construction Material: Standard brick. Heating: Boiler, mains gas. Coverage: Broadband - Standard, Ultrafast and Superfast is available in this location. Mobile signal - O2, Vodafone, EE and Three show as available. Satellite and Cable - BT, Sky and Virgin show as available in this area.

The house is located inside the Old Meadows Conservation Area.

The house benefits from new, professionally installed interior fire doors throughout the property - installed in May 2024.

Tenure

Freehold

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