Agent
5 days ago
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HMO opportunity in Warsop – Nottinghamshire

Area: Nottingham
Houses in multiple occupation (HMO)
£120,000
Bedrooms: 3
Bathrooms: 1
Market Status: on market
Property Purchase Price: £120,000
Fair Market Value: £140,000
GDV (if applicable): 150,000
Price Negotiable?: no
Monthly Rental Price: £1,950 /month
Gross Yield: 19.50%
Sourcing Fee (including VAT): £3,000
Renovation Costs: £20,000
Legal Fees: £1,500

Amazing HMO conversion opportunity. Its on the main road and right in front of the care home.

Lounge (3.6 x 3.65 (11’9″ x 11’11” ))

Walking in from the front door, you are welcomed by a well-proportioned family room with double glazing to the front elevation, radiator and electric fireplace.

Cellar

Accessed via a door between the two reception rooms is a convenient cellar space currently utilised as a wine cellar, but equally a perfect storage space.

Dining Room (3.61 x 3.69 (11’10” x 12’1″ ))

Leading on from the lounge is a second reception room, perfectly suited as a dining area with radiator and double glazing to the rear elevation.

Kitchen (1.88 x 3.63 (6’2″ x 11’10”))

Kitchen needs to be worked on to increase rental value 

Landing

Leading to two bedrooms and bathroom to the first floor and access to the second floor attic room.

Bedroom One (3.97 x 5.51 (13’0″ x 18’0″))

A generously sized double bedroom with radiator and double glazed window to the front elevation.

Bedroom Two (3.68 x 3.61 (12’0″ x 11’10” ))

A second single bedroom with radiator and double glazing to the rear elevation, housing the combination boiler.

Bathroom (1.60 x 2.32 (5’2″ x 7’7″))

Neutral three-piece bathroom suite comprising bath, WC, and wash hand basin, with fully tiled walls and vinyl flooring; finished with hand towel rail and double glazed window to the rear elevation.

Attic Room (3.97 x 5.51 (13’0″ x 18’0″))

Versatile attic room space accessed via a staircase from the first floor landing, offering radiator, double glazed window to the front elevation and loft access.

Outside

The property sits back from the road with a pleasant front lawn and path leading to the front entrance door. To the rear, the property shares a quaint courtyard with gated access and shared access to off-road parking ahead of a detached single garage. The property further offers a private, well-sized rear lawn.

 

Please reach out to know more details of refurb 

Features

Close to Amenities
Fireplace
Garage
Garden
Great location
Kitchen
Loft/Attic Space
Off-Street Parking
On-Street Parking
Unfurnished
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Almas Investments Ltd (Sheena Almas)
Member since: 1 year
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127 Church Road, Clipstone Village, Mansfield, Nottinghamshire NG21 9DJ
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