The subject property is located on the western side of Vernon Road in the centre of the highly desirable town of Beeston in the City of Nottingham.
Beeston boasts a good range of amenities including Sainsburys and Tesco Supermarkets, a wide selection of bars, cafe’s and restaurants along with an excellent array of independent retailers including traditional greengrocers, fishmongers, butchers and bakers.
The property is within a 2 minute walk from the NET tram line linking to Nottingham City Centre. The tram will soon link to the new HS2 line at Toton which will provide access to London in under 50 minutes.
This three bedroom end terrace property is entered by way of a wooden door directly to the lounge. There is a UPVc bay window to the front elevation and a doorway through to the dining room, where there is a window to the rear elevation. The kitchen has base and eye level units, a stainless steel sink with drainer and door to the rear yard.
The first floor, which is accessed from the dining room, hosts a large bedroom to the front, together with a long corridor and two further bedrooms and a shower room.
The property requires a full series of modernisation and provides an ideal blank canvas.
Lounge 4.24m x 3.53m (max)
Dining room 3.62m x 3.42m (max)
Kitchen 3.95m x 2.11m (plus rear porch)
Bedroom one: 4.10m x 3.64m (max)
Bedroom two: 3.62m x 3.23m (max)
Bedroom three: 2.98m x 2.11m
Shower room: 1.98m x 1.21m
We understand the property is connected to mains gas, electricity, water and drainage.
The property is freehold.
Following a series of improvements it is envisaged the property will achieve a rental income of £8,400 pa as a single dwelling. This represents a gross yield before costs of 7.63%. In addition substantial capital gains can be achieved after refurbishment.
If the property was to be converted to two flats, we believe a resale value would be in excess of £100,000 each, depending on finish, with rental incomes expected to be in the region of £6,000 pa each.
The property is rated in Council Tax Band B. Council Tax payable (2016/2017) is £1327.10 p.a.
To view this property, please contact John Pye Property – firstname.lastname@example.org – 0115 970 6060
1 Vernon Avenue
✓ Three bedrooms
✓ Highly desirable location
✓ Potential for conversion to two flats (STP)
✓ Close proximity to amenities
✓ Good transport links
✓ Close to Nottingham University so excellent rental potential
✓ Potential to add value
Phone: 0115 970 6060
Our Ref: PR