The subject property is located on Highbury Road, 0.4 miles from Bulwell town centre.
There is direct access to Nottingham city centre by either the regular bus or tram service.
In addition, junction 26 of the M1 motorway is just a 10 minute drive away via Cinderhill Road and in turn the A610.
The subject property comprises a three bedroom semi-detached building of traditional brick construction with a tiled roof. To the ground floor the accommodation comprises of a large entrance hallway with wooden floors and many original features, a large front reception room with bay window, wooden floors and feature woodburning fireplace, separate dining room with dual aspect double glazing and wooden floors. There is a fitted kitchen which accomodates a feature fireplace, modern base level cupboards, stainless steel sink and drainer. In addtion, there is a cellar.
To the first floor there are three double bedrooms. Bedroom one has en-suite facilities with roll top bath, w.c, wash hand basin and window to the rear. Bedroom two hosts a double sized walk in shower cubicle and windows to the rear and side elevation. Bedroom three (requiring completion) has wooden flooring and the benefit of a large bay window to the front elevation. There is also a family shower room with walk in shower, w.c and handbasin (requiring completion).
To the rear of the property, there are two brick built rear storage rooms and the benefit of an outside toilet.
Total 113m2 1216ft2
Approx. gross internal floor area
Entrance hallway leading to:
Living Room: 4.27m x 5.1m (max.)
Dining Room: 4.42m x 3.84m (max.)
Kitchen: 5.23m x 2.75m (max.)
Stairs leading to 1st floor:
Bedroom 1: 3.35m x 2.73m (max)
Ensuite: 2.71 m x 1.41m (max)
Bedroom 2: 4.05m x 3.10m (max.)
Bedroom 3: 3.95m x 4.86m (max)
Family Bathroom: 3.72m x 1.27m (max)
We estimate the rental income will be £650 per calendar month (£7,800 per annum) reflecting a yield of 6.5%.
Furthermore, if a HMO licence can be obtained, then we estimate the property could be rented for £75 per room, per week, (4 rooms) equating to £15,600 per annum and a gross yield of 13%.
We understand the property has mains electricity, water and drainage.
The property is rated in Council Tax Band B Council Tax payable (2015/16) is £1328.24.
Viewing by Appointment
To view this property, please contact John Pye Property – email@example.com – 0115 970 6060
206 Highbury Road,
✓ Period family home
✓ HMO Opportunity
✓ Potential rental income £1300 pcm (£15,600 pa)
✓ Potential 13% yield
✓ Walking distance to town
✓ Excellent transport links – close to M1
✓ Double glazing
Richard Reed, RICS
Phone: 0115 970 6060
Our Ref: PR038