house
Colwick Rd, Nottingham NG2, UK
Property type
Semi Detached
Bedrooms
4
Bathrooms
2
Size
Asked agent
Tenure
Free hold
Property overview
Address Colwick Rd, Nottingham NG2, UK
GUIDE PRICE £200,000 - £210,000 PRIME URBAN LOCATION! A comfortable home in a well-connected and sought-after area, this property is ideally suited for those who want easy access to urban conveniences without compromising on a peaceful setting
Financials
Estimated Yearly Rent
£12,612.60
Bedrooms
3
LHA Rate
£80.85 pppw
Gross Yield
4%
Net Yield
2.8%
ROI Calculator / Net Yield Calculator (Less 30%)
Buying costs
Deposit
£50,000.00
Stamp duty
£11,500.00
Legal fees
Around £1,500.00
HMO license cost
Around £1,300.00
Licensing & Compliance
Council
£32,200
Rules
£32,200
Status
£32,200
Link
£32,200
Estimated works costs
High refurb
£18,000.00
Stamp duty
£11,500.00
Time frames
8-12 weeks
HMO license cost
Est. £1,300.00
Solicitors
Trent Legal LLP
Amelia Hart (Partner)
£850-£1,250
Lenders
Nottingham Building Society
BTL 2-year fix
£850-£1,250
www.brokernottinghambs.co.uk
Build companies
Sherwood Build Co.
Refurb, kitchen/bathroom, HMO fire
£12k–£28k
+44 7380 337579
www.brokernottinghambs.co.uk
Surveyors
Lace Market Surveyors
HomeBuyer, RICS Level 3, Valuation
£400–£950
Interested?
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house in Colwick Rd, Nottingham NG2, UK
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This HMO is located in Long Eaton Nottingham, with a ROI of 9.12% . The investor will benefit from receiving income from day 1, as the bedrooms are fully tenanted. This investment opportunity is offered for sale as large semi detached, comprising 4/5 bedrooms, 2 bathrooms 2 en suite bathrooms, 1 living room, 1 Dinning room 1 Large kitchen and landscaped garden. Also, the property has a HMO licence and this is an excellent opportunity to purchase this property at £250,000, generating a fantastic yield of 9.12%. Located in Long Eaton town centre ,Nottingham, this area offers several amenities nearby such as Tesco & Asda supermarkets, great access to M1, a50, a52, East midlands airport and also a 25 walk to long Eaton train station.
LHA yield
N/A
Annual
N/A
Beds
4
Baths
2