3 bedroom terraced house for sale

>

3 bedroom terraced house for sale

Mettham Street, Lenton, NG7 1SH
£220,000

Our Summary

  • The property has potential to increase the number of lettable rooms and significantly increase the rental income
  • - Potential for living room to be converted into 4th bedroom
  • Potential to increase number of lettable rooms

Description

This 3-bedroom HMO investment property is situated in the heart of Lenton, within walking distance of the University of Nottingham, the city centre, and local amenities. The property has a long history of being used as an HMO and is currently let to 3 students for the 2024-2025 academic year on a 52-week tenancy, generating a rental income of £15,720 per annum. The property has potential to increase the number of lettable rooms, allowing for a significant boost in rental income. Additionally, the living room could be converted into a fourth bedroom, increasing the property's capacity. With on-street permit parking available, this property is an attractive investment opportunity for those looking to capitalize on its prime location near the university.