Fantastic BTL Opportunity Nottingham NG8 - bang on University doorstep!

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  • Fantastic BTL Opportunity Nottingham NG8 - bang on University doorstep!

    I was originally going to purchase this myself but due to circumstances I will have to pull out, but I'm putting it on here to see if any other investors might be interested...


    Details....

    3 Bed Semi, New Bathroom, Kitchen, downstairs WC. Paved driveway. Large, low maintainence back garden Excellent condition. Full RICS Valuation and Rental assessment available. 20m from entrance to Jubilee Campus - University of Nottingham.

    Ready to let. Will let very very fast (have house on same road that let in 2 weeks!)

    Asking price - 127,000

    PP -117,500 - could try for 115,000 but not a motivated seller.

    Rent to students per room £65 per week for both double rooms. £60 for the single room. Could try for 65 for the small room. Potential to extend into loft and into substantial garden.

    Gross rent achievable - £760 pcm

    Yes its not that much BMV but the yield is over 7%. With ROI of over 25% in 1st year.

    1% finders fee. Payable on completion.

    Not on the market.

    Feel free to give me a call with any questions 07950 431 311

    Regards

    Jai

    P.S Only 3 landlords on this road each with 1 property, mostly familys, so hardly any competition..
    Last edited by jai; 25-05-2007, 14:19 PM.

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