6 bedroom House of Multiple Occupation in Nottingham

30 Nottingham Road, Nottingham, Nottinghamshire NG7 7AE
  • Lot No: 50
  • Property Type: House of Multiple Occupation
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £310,000+ plus fees

Property Description

A large 6 bedroom, 4 bathroom HMO property situated in a great letting location. The property is in good order throughout with modern kitchen and bathrooms, tasteful decor and benefits from gas central heating and UPVC double glazing. Offered fully let to 6 students giving a combined rental income of £3,190 pcm / £38,280 per annum inclusive. Well placed for Nottingham University as well as good local amenities and great public transport links. A superb investment opportunity. Tenancy Information: Room 1 - £500 Room 2 - £500 Room 3 - £550 Room 4 - £570 Room 5 - £500 Room 6 - £570 Total £3,190 inclusive. Total year £38,280 inclusive.

Ground Floor

Reception Hallway, Lounge, Kitchen / Diner, Bedroom One, Bedroom Two.


First Floor

Landing, Bedroom Three- With En-Suite, Bedroom Four- With En-Suite, Bathroom.


Second Floor

Landing, Bedroom Five - With En-Suite, Bedroom Six.


Outside

Small forecourt and enclosed rear garden.


Note

Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.


Flood Risk

Rivers and Seas No Risk. Surface Water Low.


Broadband Estimated Speeds

Standard 17 mbps. Superfast 80 mbps. Ultrafast 1000 mbps.


Satellite and Cable TV Availability

BT, Sky and Virgin are available.


Mobile Phone Coverage

O2, Three, EE and Vodafone are available.


Construction Material

Solid brick, as built, no insulation (assumed).


Draft Sales Details

These sales details are awaiting vendor approval.


Tenure

Freehold


Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fee apply: • 10% deposit (subject to a minimum of £5,000) • Buyer’s Fee of £1,500 inc. VAT The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.