For Sale3 Bedroom Apartment in 27 Watcombe Circus, Carrington, NG5 2DU£175,000
Property Type
Apartment
Bedrooms
× 3
Bathrooms
× 1
Receptions
× 1
Tenure
Leasehold
Price
£175,000
Key Features
- Buy it Now option available
- Being Sold by GOTO Online Auction
- Buyer's fees apply
- Prospect of 7 8.4% investment yearly yield
- Characterful property
- Private and secluded courtyard to the rear
- 25 30 minutes walk to Victoria Centre
- Popular location with wide range of amenities
- Sufficient parking on quiet non traffic road
- Freehold ownership for the whole block
Resources
Description
Three Bedroom Duplex HMO Licenced Property! Located in the sought after Carrington with easy access to local amenities and city centre, this architecturally attractive property provides spacious accommodation over two floors and an enclosed courtyard offering private outside space. This property is being sold with freehold for the whole block of three flats and HMO license valid until 2027. Generating an average rental income of £1300-£1500pcm, this property provides a prospect of 7-8.4% yearly yield for potential landlord without taking into account of the benefit of having the freehold ownership of the whole block and the remaining HMO licence period. It suits professionals who want to buy to occupy and investors alike. Entering the property from the ground floor, on the left is the spacious living room with a beautiful fireplace, high ceiling and a bay window overlooking the front garden; on the right is another equally attractive and spacious room with a big window overlooking the courtyard garden, currently used as an office but can be used as master bedroom; a long corridor leads to the surprisingly spacious kitchen with dining space. On the lower ground floor, there are further two spacious bedrooms, one double and the other king size. The recently refurbished bathroom is also on the lower ground floor. This property has recently been refurbished with new flooring throughout, a new bathroom and recently decorated including fitted blinds. Watcombe Circus is a quiet neighbourhood with wide roads providing abundant free parking spaces. Carrington remains very popular for its proximity to the City Centre, its ease of access to public transport including bus and tram routes from nearby Mansfield and Hucknall Road as well as the Tram stops by “The Forest Recreation Ground”. The City Centre is approximately five minutes (or even less) away by vehicle and is walkable by the average person in under thirty minutes.