Barrack Lane, Nottingham, NG7
Barrack Lane, Nottingham, NG7
£625,000| 8 bedrooms | 3 bathrooms
Tenure
Freehold
Property type
House
Size
281 m2
Council Tax Band
E
Energy Efficency Rating
D
Key features
- Let for 25/26
- 10.4% gross yield
- Eight Double Bedroom HMO
- Off Street Parking
- Located in The Park
- Walking Distance To City Centre & Both Universities
Overview
Located in one of Nottingham's most sought-after private estates, The Park. An eight-double bedroom, fully licensed HMO with NO CHAIN! This huge, semi-detached property boasts Victorian charm throughout, with superb views over the west of Nottingham. Let for the upcoming academic year, generating £65,128.32 annual income and offering a 10.4% gross yield - a ready-made investment in a prime location.
A fantastic HMO INVESTMENT opportunity situated in a highly popular area with huge tenancy demand.
Virtual tour
Location
Overview
An eight-bedroom Victorian HMO property located in the highly sought-after Park Estate, just a short walk from Nottingham City Centre and Nottingham Trent University. This spacious, high-quality student home features eight large double bedrooms, three shower rooms, kitchen/diner and lounge - perfect for communal living. Currently let for the upcoming academic year, the property generates an annual rental income of £65,128.32, delivering a strong 10.4% gross yield. An ideal turnkey investment opportunity in one of Nottingham’s most exclusive locations.
Entrance Hall
Providing doors with access to the ground floor accommodation and stairs to first floor.
Kitchen/Dining Area 20' 6" x 12' 9" (6.25m x 3.89m)
Fitted with a range of high gloss base and wall mounted units providing plenty of storage with a work surface over and tiling to splashback and preparation areas. Appliances include: gas cooker with electric extractor fan over, two washing machines, dishwasher and two fridge-freezers. There is an inset stainless steel sink and drainer, tiling to the floor, radiator, boiler and three double glazed windows to the side elevation.
Living Area 18' 1" x 12' 9" (5.50m x 3.89m)
Continuation of the tiled flooring, high gloss storage cupboard, radiators and velux skylight.
Bedroom 1 20' 6" x 14' 5" (6.24m x 4.39m)
A light and bright double bedroom with a bay window to the rear elevation, sink, desk, drawers, wardrobe and two radiators. There is original coving and an old fireplace with a pannelled surround.
Bedroom 2 15' 1" x 14' 5" (4.61m x 4.40m)
Another double bedroom with two double glazed sash windows to the side elevation, sink, desk, drawers, wardrobe and a radiator.
Bedroom 3 13' 9" x 12' 10" (4.18m x 3.92m)
Another double bedroom with two double glazed sash windows to the side elevation, sink, desk, drawers, wardrobe, radiator and an old feature fireplace.
Shower Room
A contemporary shower room fitted with a two piece white suite comprising wash hand basin with a vanity storage unit underneath and a double shower cubicle with shower over and glass screen. There is a radiator and tiling to the floor and wet areas.
WC
Fitted with a low level wc, radiator and tiling to the floor.
Bedroom 4 17' 3" x 14' 5" (5.27m x 4.39m)
Another airy double bedroom with a bay window to the rear elevation, sink, desk, drawers, wardrobe and two radiators. There is original coving and an old fireplace with a pannelled surround.
Bedroom 5 15' 2" x 14' 5" (4.62m x 4.39m)
A double bedroom with two double glazed sash windows to the side elevation, sink, desk, drawers, wardrobe, radiator and an old feature fireplace.
Bedroom 6 13' 8" x 12' 10" (4.17m x 3.92m)
A double bedroom with two double glazed sash windows to the side elevation, sink, desk, drawers, wardrobe, radiator and an old feature fireplace.
Shower Room
Fitted with a contemporary three piece white suite comprising: low level wc, wash hand basin with vanity storage unit underneath and double shower cubicle with glass screen. There is tiling to the floor and wet areas and there is a chrome vertical heated towel rail.
WC
Fitted with a wc and pedestal wash hand basin. Tiling to flooring, glass splashback behind the sink and UPVC double glazed window to the front elevation.
Shower Room
Fitted with a modern three piece white suite comprising: low level wc, wash hand basin with vanity storage unit underneath and corner shower cubicle. There is tiling to the floor and wet areas and there is a chrome vertical heated towel rail. UPVC double glazed window to the front elevation.
Bedroom 7 14' 4" x 13' 3" (4.36m x 4.03m)
Double bedroom with a double glazed window to the front elevation, sink, desk, drawers, wardrobe and a radiator.
Bedroom 8 14' 5" x 10' 10" (4.39m x 3.29m)
Double bedroom with UPVC double glazed window to the rear elevation, sink, desk, drawers, wardrobe and a radiator.
Outside Spaces
Garden
To the fore of the property there is off street parking. To the rear of the property there is a low-maintenance courtyard.
Parking Spaces
Driveway Capacity: 2
Property Tenure
Property Tenure: Freehold
Construction
Construction material: Ask agent
Roof material: Ask agent
Roof renovated: No
Is loft boarded: Ask agent
Building Safety
Has restrictions: No
Has required access: No
Public right of way: No
Flood risk: No
Has planning permissions: No
Minning area: No
Listed building: No
Conservation area: No
Utilities
Water supply: Direct mains water
Sewerage: Standard UK domestic
Electricity supply: National Grid
Heating supply: Central heating (gas)
Broadband: Ask agent
Mobile coverage: Ask agent
You can use the government stamp duty land tax calculator here.
Disclaimer
These sales particulars have been prepared by Comfort Estates on behalf of the vendor. Fixtures and fittings other than those mentioned are to be agreed with the Seller. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. Statements contained within this advert are provided in good faith and are understood to be accurate, although cannot be guaranteed since we rely on information provided by other parties. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. If you require further information on any points, please contact us.
Money Laundering
The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLR 2017) came into force on 26 June 2017. Comfort Estates require any successful purchasers proceeding with a property to provide two forms of identification i.e. passport or photocard driving license and a recent utility bill or bank statement. We are also required to obtain proof of funds and provide evidence of where the funds originated from. This evidence will be required prior to Comfort Estates & Tattershalls removing a property from the market and instructing solicitors for your purchase.
