Spacious Three-Bedroom Home | Tenanted Investment | Excellent Potential | Sought-After Sherwood Location
OIRO £275,000
Key Features
The property is currently tenanted and generates a rental income of £1,100 PCM, providing an attractive gross rental yield of approximately 4.8% based on the asking price. This makes it an ideal purchase for investors seeking an income-producing property from day one.
The current tenants have expressed a preference to remain in the property, offering the potential for immediate, uninterrupted rental income, although they understand that notice may be served should a purchaser wish to occupy the property themselves.
Internally, the accommodation comprises an entrance hall, a spacious open-plan kitchen/dining room, perfect for modern family living and entertaining, together with a separate reception room, currently used as an additional bedroom, offering excellent flexibility depending on individual requirements.
To the first floor are three exceptionally spacious bedrooms and a family bathroom.
Externally, the property benefits from a driveway providing off-road parking and is ideally positioned close to Sherwood's wide range of independent shops, cafés, restaurants, supermarkets and excellent transport links into Nottingham City Centre and surrounding areas.
In addition to being a ready-made investment, the property also offers significant scope to enhance and add value.
Subject to the necessary planning permissions and building regulations, there is potential to extend or reconfigure the accommodation, making it an equally attractive opportunity for families looking to create their long-term home or property investors seeking to increase the property's value and future rental or resale potential. EPC rating: D. Council tax band: C,
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