Property Description

FOR SALE BY AUCTION ON WEDNESDAY 26TH FEBRUARY 2025 COMMENCING AT 1PM -
SALE VIA A LIVE-STREAMED AUCTION
GUIDE PRICE: £350,000 - £375,000 FREEHOLD
** PLEASE CALL FOR VIEWINGS **
This fully licensed 5-bedroom HMO, recently refurbished to an excellent standard, offers a prime investment opportunity. Extending to approximately 1,800 sq ft, the property is fully operational and generates a gross annual income of £42,000, delivering an impressive 11.5% yield. The accommodation is spread across three floors, featuring an entrance hall, lounge, kitchen, bedroom, and bathroom on the ground floor. The first floor includes three additional bedrooms and a bathroom, while the second floor offers two further rooms. A rear courtyard garden, with side access, provides space for bike storage. Ideally located across from the local Co-op and just a 10-minute walk from Nottingham University, this property is situated in the heart of Beeston.

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  ACCOMMODATION

  GROUND FLOOR

  ENTRANCE HALL

  3.68m x 0.81m (12'1 x 2'08)

  Entered via a solid wood front door there are stairs rising to the first floor with doors leading to:-

  LOUNGE

  3.71m x 3.68m (12'02 x 12'01)

  A communal lounge with windows to the side and overlooking the rear elevation, there is space for a dining table and sofas with TV and telephone points connected. A door to :-

  KITCHEN

  3.02m x 2.84m (9'11 x 9'04)

  A refitted kitchen with a range of floor and wall-mounted cabinets, there is a quartz effect worktop with tiled splashback. integrated appliances include an induction hob with extractor above and oven below, a stainless steel sink and drainer with space for a washing machine and fridge/freezer. There is a window and door to the side elevation with storage beneath the stairs and door to:-

  BATHROOM

  2.16m x 1.85m (7'01 x 6'01)

  Refitted with a suite comprising a bath with shower mixer tap over, a WC and hand wash basin with a window tot he side elevation. The bath benefits from a tiled wall.

  ROOM ONE

  4.32m x 3.63m (14'02 x 11'11)

  With a bay window to the front elevation, there is space for a king-sized bed, storage and desk. There is a wood effect floor.

  FIRST FLOOR

  LANDING

  Stairs rising to the second floor with doors to:-

  ROOM TWO

  3.05m x 2.87m (10'00 x 9'05)

  A window to the rear elevation and space for a double bed and storage

  ROOM THREE

  3.68m x 2.95m (12'01 x 9'08)

  A window overlooking the rear elevation. There is space for a double bed and storage.

  ROOM FOUR

  4.37m x 3.00m (14'04 x 9'10)

  A bay window to the front elevation with space for wardrobes and a desk.

  BATHROOM

  2.67m x 0.97m (8'09 x 3'02)

  The suite comprises a tiled bath with a shower mixer tap over, WC, and a hand wash basin. There is a window to the front elevation.

  SECOND FLOOR

  ROOM FIVE

  2.46m x 2.90m (8'01 x 9'06)

  A window to the side elevation with a space for a double bed and storage.

  ROOM

  4.42m x 2.44m (14'06 x 8'00)

  A spare room.

  OUTSIDE

  A courtyard garden with access to the side.

  SERVICES

  Mains gas, water and electric are connected.

  PRICE INFORMATION

  *Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide. Additional Fees and Disbursements will charged to the buyer - see individual property details and Special Conditions of Sale for actual figures.

  BUYERS PREMIUM CHARGE

  The purchaser will be required to pay an administration charge of £3,600 (£3000 PLUS VAT)

  BUYERS ADMIN CHARGE

  The purchaser will be required to pay an administration charge of £1,140 (£950 plus VAT).

Contact Auction House Beds and Bucks

01908 030127

bedsandbucks@auctionhouse.co.uk

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