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Three-bedroom apartment in Nottingham city centre

Nottingham, NG1 - Get Access

3 bed 2 bath

Description

This excellent HMO property represents a compelling opportunity to acquire a generously proportioned three-bedroom HMO investment in the heart of Nottingham city centre. Extending to approximately 1,194 sq ft / 111 sq m, the apartment is notably larger than many conventional city-centre apartments and offers a layout particularly well suited to three sharers. The property has an excellent rental history spanning approximately 15 years, demonstrating long-standing appeal within the Nottingham rental market. Based on a potential rental income of around £1,750 per calendar month, the property could generate approximately £21,000 per annum before expenses. At the centre of the apartment is an impressive open-plan living, kitchen and dining room measuring approximately 6.78m x 7.00m, creating a substantial communal space with clearly defined areas for cooking, dining and relaxing. The fitted kitchen provides extensive work surfaces and storage, integrated appliances and an island-style breakfast bar. The apartment provides three well-proportioned double bedrooms: Bedroom One measures approximately 2.89m x 4.74m, Bedroom Two measures approximately 2.98m x 4.39m, and Bedroom Three measures approximately 2.89m x 5.61m. Each offers space for a double bed together with storage and study furniture, making the accommodation suitable for either student or professional sharers. There are also two bathrooms, including an en-suite arrangement. The apartment benefits from one secure parking space behind electric gates, an EPC rating of B (85), a 999-year lease from 24 June 1999, £NIL ground rent, and service charges of £3,348.58 per annum. Offered with vacant possession.
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Estimated market value
£
Range: £ — £
Medium confidence Floor Area: 1,044 sq ft (Floor plan)

Valuing this three-bedroom city-centre apartment requires careful consideration of its established HMO configuration and generous proportions. Located in the heart of Nottingham, the property benefits from a spacious layout that differs from typical compact urban flats. Condition-wise, the interior presents fairly with dated cosmetic finishes that require refreshing. Floor area has been assessed using internal floor plan data of 1,044 sq ft.

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