Gadd Street x3 HMO's
Gadd Street x3 HMO's
£1,350,000| 18 bedrooms | 6 bathrooms
Tenure
Freehold
Property type
House
Council Tax Band
C
Energy Efficency Rating
C
Key features
- A Portfolio Of 3 HMOs In Radford
- Combined 18 Bedrooms In Purpose Built Development
- Faultless Track Record Being Fully Occupied Since 2012
- The Gross Rental Income For 25/26 Is: £117,810
- Recently Refurbished Investment Opportunity
- Freehold Properties
- Off Road Parking For Multiple Vehicles
- Within Walking Distance To Nottingham Trent Uni And The City Centre
- A Yield of 8.7%
Overview
Prepare to be captivated by this exceptional investment opportunity in Radford. Presenting a unique development boasting 3 HMOs, totalling 18 bedrooms, this property portfolio has been flawlessly occupied since 2012. With a robust track record and a gross rental income of £117,810 annually, this offering is a lucrative venture with a projected 8.7% yield for the upcoming year. Recently refurbished, the properties exude modernity and promise a seamless transition for investors. Offering off-road parking for multiple vehicles, this lucrative portfolio is strategically located within walking distance to Nottingham Trent University and the vibrant city centre, making it an attractive choice for students and professionals alike.
Outside, this property beckons with ample outdoor space ideal for relaxation and social gatherings. The well-maintained grounds provide a serene escape within the bustling city, offering a perfect balance of tranquillity and convenience. Embrace the potential of this impressive property portfolio and seize the opportunity to own a piece of Nottingham’s original purpose-built student accommodation.
Virtual tour
Location
Overview
Presenting this exceptional investment opportunity in Radford. A unique development boasting 3 HMOs, totalling 18 bedrooms, this property portfolio has been flawlessly occupied since 2012. With a robust track record and a gross rental income of £117,810 annually, this offering is a lucrative venture with a projected 8.7% yield for the upcoming year. Recently refurbished, the properties exude modernity and promise a seamless transition for investors. Offering off-road parking for multiple vehicles, this portfolio is strategically located within walking distance to Nottingham Trent University and the vibrant city centre, making it an attractive choice for students and professionals alike.
Property Number 1
6 Bedrooms 3 Storeys 2 Bathrooms 2024/2025 Gross Rental Income: £33,150 PA 2025/2026 Gross Rental Income: £39,780 PA Sqm: 120sqm Freehold Service Charge: £723 Ground Rent: 0
Property Number 2
6 Bedrooms 3 Storeys 2 Bathrooms 2024/2025 Gross Rental Income: £38,250 2025/2026 Gross Rental Income: £38,250 Sqm: 120sqm Freehold Service Charge: £723 Ground Rent: 0
Property Number 3
6 Bedrooms 3 Storeys 2 Bathrooms 2024/2025 Gross Rental Income: £36,465 PA 2025/2026 Gross Rental Income: £39,780 PA Sqm: 120sqm. Freehold Service Charge: £723 Ground Rent: £0
Outside Spaces
Yard
The privately enclosed complex provides ample parking for both residents and their guests with allocated spaces for all houses.
Parking Spaces
Off Street Capacity: 6
Two parking spaces allocated per property.
Property Tenure
Property Tenure: Freehold
Construction
Construction material: Brick and Block
Roof material: Slate tiles, Concrete roof tiles
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: Cable
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.
