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Property ID: 217400876
Offers Over
£150,000
Location
Newmarket Road, Nottingham, NG6
Size
743
Tenure
Freehold
Bedrooms
3
Type of property
Terraced
Current Yield
5.4%
Monthly Income
£668
Property Information

Our latest listing is a 3-bedroom mid-terraced house located in Nottingham. It is conveniently close to essential amenities, offers strong potential for rental returns, and currently has a tenant in residence.


For investors looking to expand their portfolio, this is a fantastic opportunity!


This three-bedroom mid-terraced house features a comfortable lounge, a kitchen with dining area, and a bathroom with a separate WC. Residents benefit from private front and rear gardens as well as on-street parking.


Ideally located near the city centre with excellent transport links, the property is perfectly suited for working professionals.


Investment details


It currently produces an annual gross income of £8,016, which the new owner could increase to a market rate of £11,820 with tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investor's property portfolio.


Please see the Let Property Pack linked below for greater details on this property's investment potential.


If you are interested, please call us.


Tenancy Details


The current tenants have been residing in the property for less than a year and have consistently paid their rent on time. They do not plan to move out and wish to continue their tenancy.


Let Property Sales is committed to facilitating a smooth transaction process. To ensure maximum commitment from both parties to the sale, a fully refundable buyer's premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non-completion.


Cash Purchase
Mortgage
Purchase Price
Assumed purchase price based on home report value
Stamp Duty Tax
Est. Legal Fees
Monthly Running Costs
Letting Agency Fees
Ownership CostsWhat are these?
Calculated Returns
Paisley benefits from an average of 4.5% capital growth. Learn more
Purchase Costs
Based on monthly income of
£668
Cashflow p/m
668
Current Yield
null%
Based on potential rent of
£985
Cashflow p/m
985
Potential Yield
null%
Monthly Income
£668 pcm
Potential Rent
£985 pcm
Length of Tenancy
10 years
Tenant Means of Funding
SELF_FUNDED
Area Capital Appreciation Rate
-
Ground Rent
Freehold
Est. Insurance Costs
unknown
Factor Fees
-
Factor Name
unknown
Total Estimated Costs
unknown
Floor plans
floorplan
Not available for this property
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Running Costs
Ground Rent
Freehold
Est. Insurance Costs
unknown
Factor Fees
-
Factor Name
unknown
Total Estimated Costs
unknown