4 Bedrooms Terraced house for sale in Park Road, Nottingham NG7 | £ 225,000
Overview
| Price: | £ 225,000 |
|---|---|
| Contract type: | For Sale |
| Type: | Terraced house |
| County: | Nottingham |
| Town: | Nottingham |
| Postcode: | NG7 |
| Address: | Park Road, Nottingham NG7 |
| Bathrooms: | 1 |
| Bedrooms: | 4 |
Property Description
Nottingham Nottingham is a University City containing two large universities.
The university of Nottingham is a Russell Group University and regularly features in the global top 100. It currently enrols 32,515 students and has 3 campuses in Nottingham, as well as a campus in Malaysia.
Nottingham Trent University was recently voted Times University of The Year as well as Modern Unviersity of The Year. This is an incredible achievement to beat well established institutional universities for this award. Ntu currently enrols 29,370 students and also features 3 campuses in Nottingham. Ntu is located a short 0.5 mile walk from Alfreton Road
Both universities join to provide a student population in excess of 60,000 students and close to 30% of the Cities total population are aged between 18 and 29.
Nottingham is centrally located around 2 hours north of London, 1 hr 15m north east from Birmingham and 1 hr 45m south east from Manchester. The City has two large hospitals, two large shopping centres owned by Intu, internationally known sporting venues and a vibrant retail and leisure scene. The Victoria Centre Shopping Centre has a catchment population of 1.2m and an annual footfall of 2.4m people.
Nottingham is therefore a City that is growing in stature and size, with key focus on the continued development of the universities and student property sector with annual occupancy in PBSAs above 98% for the past 4 years
park road The property on Park Road is located in the desirable student location of Lenton, around 1.1 miles from the University of Nottingham campus. Lenton has been a long time 'stronghold' for students at the University of Nottingham providing the majority of accommodation to students after their 1st year with around 15,000 students homed across Lenton, Dunkirk, Radford and The Park.
The property itself enters directly into a shared lounge, leading then onto the shared kitchen. These rooms provide a more than adequate amount of communal space for 4 sharers. The property then opens onto a low maintenance rear paved garden. A central stairwell leads up to the 1st floor with the first large double bedroom on your left over-looking the front of the property. The shared bathroom and smallest bedroom over-look the rear of the property.
The top floor consists of 2 large double bedrooms both in excess of 15 SqM. The whole property is currently achieving a low rent in comparison to surrounding properties and could achieve an increased rent with some cosmetic improvements. Rents in the area are achieving in excess of £100 pp pw for high spec property.
The property is currently tenanted for £18,250 pa inclusive of bills and is tenanted until July 2020. The property has a full hmo license under the Additional Licensing Scheme.
Offers are sought in excess of £225,000 representing a gross yield of 8.1%
Contact fhp Student Living to book a viewing or ask any further queries on
Property Location
Property Marketed by FHP Living
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