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6 bedroom terraced house for sale

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6 bedroom terraced house for sale

Wiverton Road, Nottingham NG7
£475,000

Our Summary

  • Prime HMO with huge potential
  • •£40,000+ annual income:* Currently generating a strong return with potential to increase
  • •development potential (STPP):* Scope for 8 bedrooms and a self-contained garden flat
  • Purple Bricks are delighted to bring to market a truly outstanding investment opportunity: A beautifully presented and exceptionally well-maintained terraced house operating as a successful *6-bedroom property* in the highly desirable Forest Fields area of Nottingham
  • *Flexible Living Spaces with Expansion Potential (Subject to Planning Permission):*
  • Furthermore, with minor alterations, the property offers the exciting potential to be converted into an *8-bedroom HMO*, increasing its earning capacity (subject to obtaining the necessary planning permission)
  • *Uncapped Potential in the Basement (Subject to Planning Permission):*
  • This substantial space presents a fantastic opportunity for conversion into a *separate, self-contained garden flat (subject to securing the required planning permission), * offering an additional income stream and increasing the property's overall value
  • * This minimises the need for immediate renovations and allows for a smooth and hassle-free investment
  • This is a rare opportunity to acquire a high-performing investment property that is currently licensed for HMO use, offering flexible tenancy options and significant potential for increased returns
  • Please note that the potential for an 8-bedroom configuration and the creation of a garden flat are subject to obtaining the necessary planning permission from the local authority
  • FANTASTIC INVESTMENT OPPORTUNITY
  • Fantastic investment opportunity
  • PRIME HMO WITH HUGE POTENTIAL
  • Prime hmo with huge potential

Description

<|start_header_id|>assistant<|end_header_id|> Here is a summary of the property description in a single paragraph without a list: This is a prime investment opportunity in the Forest Fields area of Nottingham, a highly desirable location near Nottingham Trent University and the City Centre. The property is a beautifully presented, 6-bedroom terraced house that is currently licensed for HMO use and generates a strong annual income of £40,000. The property has a full 5-year HMO licence and offers flexible tenancy options, with the current tenancy agreements concluding in September. The property has significant development potential, with the possibility of converting the basement into a self-contained garden flat and increasing the number of bedrooms from 6 to 8, subject to planning permission. The property is immaculately presented and ready for immediate investment, with the potential to increase returns by targeting the lucrative student market.