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AGENT'S DETAILS


21a, Kirkby Folly Road, Sutton-in-Ashfield, Nottinghamshire, NG17 5HP

For sale: £170,000.00|Residential, House, Mixed Use, Other, Other Property Types & Opportunities

PROPERTY DETAILS

FOR SALE£170,000.00
ADDRESS21a, Kirkby Folly Road, Sutton-in-Ashfield, Nottinghamshire, NG17 5HP
TYPEResidential, House, Mixed Use, Other, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON24th February 2021

DESCRIPTION

We're pleased to present this excellent 4-bed HMO which is currently fully occupied post-refurbishment and ready to go for a new investor, with management in place too. The property is situated in a good residential area near local shops and is popular with NHS staff from the nearby King's Mill Hospital.

Accessed from the rear, the property has a downstairs utility room and separate shower room and then stairs up to the first floor where there are 3 bedrooms, a shower room and the modern kitchen - all of the rooms on this floor are rented out at £95 per week. The second floor has a larger en-suite room at £105 per week. The property also has allocated parking at the rear which increases popularity with tenants.

At £170,000, the property provides just under a 12% gross yield which makes it a great investment, especially with the local managing agent already onboard.

Income
Income

Room 1 - £95 per week / Room 2 - £95 per week

Room 3 - £95 per week / Room 4 - £105 per week

Running Costs

We are awaiting running costs from the current owner because the property has only just been renovated and the utilities are being set up

Features
Refurbished and Fully Tenanted

4-Bed HMO

New Kitchen & Bathrooms

£1,690 PCM Rental Income

Close To Amenities And Hospital

Parking for Several Cars

2% + Vat Buyer's Fee

LOCATION

Location: 21a, Kirkby Folly Road, Sutton-in-Ashfield, Nottinghamshire, NG17 5HP

Sutton Parkway (0.5 miles)

Kirkby in Ashfield (1.4 miles)

Mansfield (2.3 miles)

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