Woodborough Rd, Nottingham
- £200,000
- Sale agreed
- House
- 8 bedrooms
- High yielding fully licenced HMO
- Full management option available
- Large Cellar (ceiling height providing further development potential)
A large family house on 3 floors converted for use as a house in multiple occupation. The house is comprised of 8 bedrooms, 2 bathrooms and comes with a a full HMO licence.
Occupying a popular and convenient location within easy reach of Nottingham City Centre, this substantial three storey Victorian terraced property which is in good condition and sold with benefit of sealed unit double glazing and storage heating, is split into eight bed-sits, which when let will produce £23,400 per annum on individual assured shorthold tenancies. This high yielding investment property represents a superior opportunity to acquire a registered and approved HIMO in a popular position.
In brief the accommodation comprises -
entrance hall, reception room (currently used as a bedroom), further reception room (currently used as a bedroom) and large kitchen/dinner room to the ground floor with 3 bedrooms, bathroom/wc and shower room/wc to the first floor and 3 bedrooms to the second floor. Outside there is a yard to the rear.
In detail the accommodation comprises -
Entrance Hall with entrance door, laminate floor covering, stairs to first floor, coving and understairs storage cupboard leading to large cellar.
Bedroom 1
4.88m x 4.06m (16’ 0’’ x 13’ 4’’) with double glazed bay window to front, storage heater, TV point, laminate floor covering and coving.
Bedroom 2
3.71m x 3.48m (12’ 2’’ x 11’ 5’’) (used by the current vendor as a bedroom) with double glazed window to rear, laminate floor covering and wash hand basin.
Kitchen/Dining Room
5.18m x 3.05m (17’ 0’’ x 10’ 0’’) (inclusive of fitted units) with wall and base units, worksurfaces, sink drainer unit, plumbing for washing machine, electric cooker point, 2 double glazed windows to rear, storage heater and tiled floor.
Stairs to:- h2. First Floor Landing h2. Bedroom 3
3.76m x 3.51m (12’ 4’’ x 11’ 6’’) narrowing to 8’ 6" (2.59m) ) with double glazed window to front, wash hand basin and laminate floor covering.
Bedroom 4
3.76m x 2.79m (12’ 4’’ x 9’ 2’’) with double glazed window to front, wash hand basin, laminate floor covering and storage heater.
Bedroom 5
3.71m x 2.59m (12’ 2’’ x 8’ 6’’) with double glazed window to front, laminate floor covering, wash hand basin and storage heater.
Bathroom/WC with bath, low flush wc, wash hand basin, airing cupboard, tiled splashbacks and double glazed window to rear.
Shower room/WC with shower cubicle, low flush wc, wash hand basin, tiled splashbacks and double glazed window to side.
Stairs to second floor:- h2. Landing
with double glazed window to rear.
Bedroom 6
3.73m x 2.67m (12’ 3’’ x 8’ 9’’) with double glazed window to rear, laminate floor covering, storage heater and wash hand basin.
Bedroom 7
3.76m x 3.40m (12’ 4’’ x 11’ 2’’) with double glazed window to rear, wash hand basin and storage heater.
Bedroom 8
2.74m x 2.69m (9’ 0’’ x 8’ 10’’) with wash hand basin, laminate floor covering, double glazed window to front and storage heater.
Outside
Yard
To the rear of the property there is a yard with security lighting. The property also comes with the freehold owner ship of the entire rear alley.
Why Invest in Mapperley (our ward in Nottingham)?
Nottingham hasn’t grown fantastically well of late. www.bbc.co.uk have a house price index which shows the growth in Nottingham to be 7% this year and 2% in the last 3 months (a little way behind the national average).
This particular ward has 21.4% of households living in privately rented accommodation approximately double Nottingham’s average. This is likely to have something to do with the youth of this ward. 66.93% of the population is under 44.
More generally Nottingham has earmarked a great deal of strategic regeneration which we believe will strengthen the local economy and increase employment over the coming years.
In the Eastside of Nottingham the channel tunnel link will soon be connecting Nottingham directly with the continent. This is part of strategic plan “The big Wheel regional transport hub” which will integrate Nottingham’s transport systems.
In the Northern section of the Eastside planning permission has been granted for a £900 million development. Plans include a prestige live work environment with waterfront restaurants. Moorings will be available to enable pleasure craft to park at restaurants.