Auction Property 5 Bed House Of Multiple Occupancy 

Huthwaite Road, Sutton-In-Ashfield

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Features

  • Auction date: 26th & 27th February 2020
  • Newly refurbished Five Bedroom Licenced HMO
  • All En Suite letting rooms
  • Five off street parking spaces
  • Currently 80% occupied
  • Current rental income £18,720
  • Potential rental income of £23,400 pa
  • •Mini fridge in each room with Freeview TV available
  • Close to local amenities
  • Freehold

Quick Details

5 Bedrooms1 Reception5 Bathrooms

Address

240 Huthwaite RoadSutton-In-AshfieldNottinghamshireNG17 2HF
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Property Details

•Auction date: 26th & 27th February 2020
•Five bedroom HMO
•All Rooms En-Suite
•In an area of high rental demand

This well presented, newly refurbished licenced HMO is located at the corner of Huthwaite Road and Carnarvon Grove in the town of Sutton-in-Ashfield, Nottinghamshire. The town centre of Sutton in Ashfield is just a five minute drive from the property and proves a good range of amenities including a shopping centre, health centre, and various banks and other facilities as expected for a town of this nature.

The accommodation to the ground floor briefly comprises a bedroom, communal lounge with dining table and flat screen TV and the modern fitted kitchen with a range of appliances. Stairs to the first floor provide access to two spacious and well-appointed en-suite bedrooms, there are a further two bedrooms on the second floor both enjoying en-suite shower rooms.

All rooms have the benefit of being fully furnished with clean modern furnishings, a kettle and flat screen TV, by offering this level of comfort the property is appealing to working professionals and has managed to secure good quality tenants.

The property is also fitted with all the regulatory fire safety systems including safety lighting, fire doors and fire alarms.

Outside there are five allocated parking spaces for the tenants.

Accommodation

Approximate Gross internal Area of 126 sq m/ 1,356 sq ft.

Investment Analysis

The property is currently let at £90 per room per week to employed tenants, this produces an annual income of £18,720, once the final room is occupied, this will increase to £23,400 pa representing a gross yield of 14.18% based on the lower guide price.

Services

We understand the property has mains gas, electricity, water and drainage. However, interested parties should make their own enquiries.

Tenure

Freehold

Council Tax

The property is rated in Council Tax Band B. Council Tax payable for 2019/2020 is £1,532

Guide Price

£165,000 - £180,000+

Buyers Premium

2% (min. £3,600) inc. VAT

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