Semi-detached house for sale in Wellington Street, Nottingham NG3

Fhp Student Living have sole sourcing rights for this 5 bedroom Student HMO Investment Opportunity
Asking Price - £375,000
Tenanted for the current and upcoming academic year for £37,500 inc bills
Potential for extra roof via Dormer extension (loft already converted)
10% gross yield - £75k per bed space

Introduction fhp Student Living are delighted to offer this 5 bedroom Student Investment Opportunity, just off Huntingdon Street, perfect for student at Nottingham Trent University

location The property is located on Wellington Street, between Huntingdon Street and Shelton Street. Students at Nottingham Trent University are around 0.4 miles from the main City Campus. Nottinghams Victoria Centre is on your doorstep along with significant recent purpose built student developments

nottingham Nottingham is a widely established 2 university city with an estimated student enrolment in excess of 80,000 with ntu being awarded Modern University of the year in 2023. Nottingham regularly appears as one of the UKs top areas for investment with competitive yields down to high rents and relatively low capital values.

The property The house is a 5 bedroom student house, consisting of a ground floor bedroom, open plan kitchen & lounge with bathroom to the rear. The 1st floor contains a further shower room and 3 double bedrooms. The top floor contains a large double bedroom

Buyers should do their own due diligence but we are of the view that a dormer can be added to the top floor to add a further bedroom and bathroom

investment details The property is rented for the current and upcoming academic year for £150 pp pw on a 50 week basis, totaling £37,500 pa. The property has an active HMO License
The asking price of £375,000 represents a gross yield of 10% and £75,000 per bed space