290 Alfreton Road, Nottingham, NG7 5LU

• PRIME NEW LISTING. We are excited to present this tenanted five-bed HMO located within a prime location in Nottingham.
• Sales Evidence: 11 Gedling Grove, Nottingham NG7 4DU Previously sold for £320,000. 1 Wildman Street, Nottingham NG7 4FY Previously sold for £280,000.
• The property is currently occupied with a rental income of £1,425pcm (£17,100 per annum), with potential market rent of £2,375-£2,500pcm (£28,500-£30,000 per annum).
• Sure to appeal to shrewd buy-to-let investors seeking a readily lettable property with strong capital growth potential.
• The property is only 4 minutes from The Forest Tram Stop, with a wide range of local amenities readily available nearby.

PRIME NEW LISTING. We are excited to present this tenanted five-bed HMO located within a prime location in Nottingham.

The property comprises a bedroom, a kitchen and five bedrooms.

The property is currently occupied with a rental income of £1,425pcm (£17,100 per annum), with 3 of the 5 rooms occupied under the existing tenancy. At full occupancy, the property would generate £2,375-£2,500pcm (£28,500-£30,000 per annum) based on current market rates, representing an excellent yield if bought at the guide price. This is a readily lettable, turnkey investment opportunity that is well suited to buy-to-let landlords seeking immediate cash flow with further asset management upside.

Sure to appeal to shrewd buy-to-let investors looking for a readily let property with great capital growth potential.

The property is only 4 minutes away from The Forest Tram Stop, with plenty of local amenities readily available within the area.

The property is being offered at a fantastic discount to ensure a sale. It should appeal to anyone looking for a straightforward purchase with excellent upside potential.

Excellent sales evidence in the area:11 Gedling Grove, Nottingham NG7 4DU Previously sold for £320,000. 1 Wildman Street, Nottingham NG7 4FY Previously sold for £280,000.

This lot is open to immediate offers. Should you wish to offer NOW, you can do so via our Offer Now button on our website.

This property is offered at a fantastic price to ensure an Auction sale. The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created.

For further details on how to have a bidding account created, please contact the team.

The buyer will contribute £650 + VAT towards the seller’s legal fees.

Location

Nottingham is a vibrant and well-connected city that continues to attract families, professionals and tenants alike. The area around Alfreton Road benefits from an excellent range of everyday amenities, including shops, supermarkets, cafés and restaurants, all within easy reach. There are schools and green spaces nearby, adding to the area's broad residential appeal. Transport links are a particular strength, with tram and bus connections providing convenient access across the city and beyond, while Nottingham city centre is close at hand for employment, leisure and higher education. Overall, this is a popular and convenient setting for both owner-occupiers and landlords.