•Auction Date: 25th & 26th March 2020
•Traditional mid terrace property
•Ideal investment opportunity – Potential to add capital value
•Previously let at £520 pcm (£6,240 per annum)
•Popular residential location
This mid terrace property is located on Burford Street, conveniently situated within walking distance to Arnold town centre offering a variety of nearby amenities and shopping facilities. There are also a range of bus links available within the area, providing easy access in and around Nottingham.
The property includes spacious accommodation arranged over three storeys. To the ground floor there is a living room, large kitchen/diner and a small rear hallway leading to the family bathroom.
Stairs from the kitchen provide access to the first floor where there are two double bedrooms. In addition to the two bedrooms there is a spacious attic room on the second floor which has been used as a bedroom previously.
Externally, there is an enclosed yard with gated shared pedestrian access across the rear of the property. There is also on street parking available within the vicinity.
Kitchen 3.64m x 3.78m (max)
Lounge 3.67m x 3.43m (max)
Bathroom 2.70m x 1.69m (max)
Bedroom 3.69m x 3.37m (max)
Bedroom 3.69m x 3.67m (max)
Attic room 3.51 x 3.69
We understand the property has mains gas, electricity, water and drainage. However, interested parties are advised to carry out their own investigations.
The property was previously let at £520 pcm (£6,240 per annum), reflecting a gross yield of 7.8%, based on the guide price. There is good opportunity for capital growth following a programme of refurbishment and the rental income achievable will also be increased.
The property is rated in Council Tax Band A. Council tax payable for 2019/2020 is £1,305.
2% (min. £3,600) inc. VAT
Viewings strictly by appointment only. Please contact a member of John Pye Property on 0115 970 6060 or email email@example.com to arrange an appointment.