3 bedroom end of terrace house for sale

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3 bedroom end of terrace house for sale

Mettham Street, Nottingham, NG7 1SH
£225,000

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 three students on 52-week tenancies for the academic years 2024-2025 and 2025-2026. The property has the potential to increase its lettable rooms and rental income, with the current rental income for 2024-2025 being £18,252 per annum and £21,048 per annum for 2025-2026, inclusive of bills. The property includes white goods and furniture, and there is potential to convert the living room into a fourth bedroom. The location is ideal for Nottingham University students, with on-street permit parking available.