Property photos
£375,000
5 bed semi-detached house for sale
Wellington Street, Nottingham NG3Key Information
Local area information
Property location
Nearby amenities
- Huntingdon Academy 0.2 miles
- Hollygirt School 0.3 miles
- Nottingham 0.9 miles
- Netherfield 2.9 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Nottingham to find out more about the local area.
Features and description
- Freehold
- 5 Bedroom Student HMO
- Tenanted for £37,500 pa inc bills
- Dormer Conversion from existing Loft Converstion to add extra room and bathroom
- Fully licensed HMO
- Significant pbsa Developments within close vicinity
- 10% gross yield
- EPC Rating E
- Ntu Campus 0.3 miles away
- Let for 24/25 for £150 pp pw inc bills
- £75k per bed
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
There are some planning applications within 0.5 miles of this home
Assess how they might enhance or detract from this home’s value.
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Listed by
FHP Living
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Property descriptions and related information displayed on this page are marketing materials provided by - FHP Living. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact FHP Living for full details and further information.