3 bed terraced house for sale

Mettham Street, Lenton NG7

Prime 3-Bedroom HMO in Lenton, Nottingham

Explore a fantastic investment opportunity with this three-bedroom HMO situated in the highly sought-after area of Lenton, Nottingham. Located conveniently close to both Nottingham University and Nottingham Trent University, this property is ideally positioned for student accommodation, offering a blend of convenience and excellent rental potential.

Key Features:

Flexible Living Spaces: The ground floor features two spacious reception rooms, perfect for use as a living room and dining room, along with a generous kitchen diner and a modern downstairs bathroom with shower.

Comfortable Bedrooms: The first floor includes two double bedrooms, while the second floor offers an additional double bedroom, providing ample space for tenants.
Modern Enhancements: The property boasts a recently fitted kitchen and bathroom, ensuring contemporary living standards.

Redevelopment Potential: Currently undergoing redevelopment, this property is ideal for investors looking to complete the renovations and rent out the space. Note that remedial works are needed in the living and reception areas, providing an opportunity to add value.

Financial Highlights:

Strong Rental Potential: Expected rental income is £115 per person per week, generating a gross annual income of £17,940.
Attractive Yield: With a gross yield of 8.97%, this property promises a solid return on investment in a high-demand rental market.

No Onward Chain: The property is available with no onward chain, facilitating a quick and easy purchase process.

Location:
Situated in the vibrant student hub of Lenton, this property is within easy reach of both Nottingham University and Nottingham Trent University. Its proximity to local amenities, public transport, and popular student destinations makes it an attractive choice for tenants.

Don't miss out on this opportunity! Contact us today to arrange a viewing or for more details on this exceptional property.

EPC rating: D.

Lounge (3.55m x 3.54m (11'8" x 11'7"))

Stepping though upvc front door into the lounge which has radiator and window to the front elevation.

Dining Room (3.57m x 3.6m (11'9" x 11'10"))

With stairs to the first floor, window to the rear, radiator, and door to the side elevation. Stairs lead down into the cellar.

Kitchen (4.61m x 2.09m (15'1" x 6'10"))

Fitted with a range of wall and floor units in a wood grained effect finish with black worktops. Inset one and a half bowl stainless steel sink and drainer with mixer tap, four ring gas hob with extractor and electric oven. Space for all appliances, a breakfast bar, radiator, window and door to the side elevation.

Shower Room (1.96m x 1.84m (6'5" x 6'0"))

Fitted with a three piece suite comprising wash hand basin, sink set in vanity unit and a corner shower cubicle. With aqua boarding, radiator and a window to the side elevation.

Stairs & Landing

Bedroom (3.55m x 3.55m (11'8" x 11'8"))

With radiator and window to the front elevation.

Bedroom (3.33m x 2.81m (10'11" x 9'3"))

With radiator and window to the rear elevation.

Stairs

Bedroom

With radiator and window to the front elevation.

Rear Garden

Paved for low maintenance.