Diane's Nottinghamshire Property Blog - 23/09/21

 A great investment opportunity located-on Daisy Road, Mapperley, Nottingham NG3 6HH.

Link to the property on Rightmove:

https://www.rightmove.co.uk/properties/109020026#/?channel=RES_BUY&channel%20RES_BUY

I have just come across this excellent investment opportunity in Nottingham. A super residential street in a sought-after location.

Currently, the property is listed on Rightmove with Holden Copley at £180,000, and this is what you get:

  • Two double bedrooms
  • Two reception rooms
  • Four-piece bathroom suite
  • Modern fitted kitchen
  • Popular location
  • Low maintenance garden
  • On-street parking
  • No upward chain
  • Double glazed windows
  • Gas central heating

In my opinion, this property can be easily converted to a three-bed, which is critical in my thought process in terms of investment opportunity. If I were to buy this property, I would convert one of the downstairs reception rooms into a third bedroom. As this would not meet the criteria for a mandatory HMO Licence, nor is it in an article 4 area, additional licensing would not be required. Houses in multiple occupation – Gedling Borough Council.

I would be looking to rent out each of the three rooms at around £450 per person PCM. This would achieve a very healthy gross of £1350 pcm – 9% yield.

As always, I would evaluate any potential costs that I would need to factor in prior to making any offer. The roof may need some attention; this however would not put me off if I had factored that in to my calculations.

The property looks to be in good condition, clean and tidy, and on a respectable residential street. Located in Mapperley, just off Porchester Road, it is close to the city centre bus links and nearby shops. I believe you would have no issues when renting out this property. This would make an excellent rental option for nursing staff and other City Hospital employees.

Potentially a great buy to let deal providing the potential to increase your equity with the scope to remortgage to fund your next investment.

Please take a look at my short video discussing this property further, click the link below to be redirected to the video:

https://www.youtube.com/watch?v=AW5FI5L0R5M

Can't find what you are looking for?


Our helpful team are on hand to answer any queries and concerns you may have.


Get in Touch

This website uses cookies. We use cookies to provide social media features and to analyse our traffic.
You consent to our cookies if you continue to use our website. Read our cookie policy. I understand