7 Meadow Road, Beeston, Nottingham NG9 1JN

Description

Following an extensive refurbishment and redevelopment, we are delighted to offer this unique property to the market, comprising an 8 bed, 8 bath fully licensed HMO, together with two additional self contained one-bedroom bungalows.

Two of the rooms are currently rented at £630 pcm including bills each.

Situated in this sought-after residential location, readily accessible for a variety of local shops and amenities including; transport links such as the train station, bus routes and NET tram, Beeston Town Centre, Boots head office, The University of Nottingham and Queens Medical Centre.

8 Bed HMO Target Income:
Following refurbishment and redevelopment, now moving to let room by room, with 2 rooms already taken at £630pcm per room; Target income from the 8 bed 8 bath HMO (previously achieved with a group in 24/25) of £4980pcm, including bills (7 rooms at £630pcm, 1 room at £570pcm).

2 One Bed Bungalows Target Income:
Target income of £900pcm per unit, excluding bills. Higher target income if used as short term lets. At 50% occupancy, £90 per night, £1368pcm per unit.

Total target income for all the properties, £81,360 - £92,592pa

This fantastic property is considered an ideal and rare opportunity for a range of potential purchasers, in particular investors.

Accommodation

Porch
Entrance door and secondary door leading to the entrance hall.

Entrance Hall
With a radiator, stairs to the first floor, and doors to the kitchen living diner, and two bedrooms.

Bedroom One
A carpeted double bedroom with UPVC double glazed bay window to the front, radiator and door to the en-suite.

En-Suite
Incorporating a three-piece suite comprising: shower, wash-hand basin inset to vanity unit, tiled splashbacks, WC, laminate flooring, wall mounted heated towel rail, and extractor fan.

Bedroom Two - 14ft 2 x 13ft 9 (4.32m x 4.21m)
A carpeted double bedroom with UPVC double glazed window to the side, radiator, and door to the en-suite.

En-Suite
Incorporating a three-piece suite comprising: shower, wash-hand basin inset to vanity unit, WC, laminate flooring, wall mounted heated towel rail, and extractor fan.

Kitchen Living Diner - 23ft 9 x 12ft 11 (7.26m x 3.94m )
With a mix of tiled and laminate flooring, a range of wall, base and drawer units, work surfaces, one and a half bowl sink and drainer unit with mixer tap, a Range cooker with seven gas burner hob with extractor fan over, tiled splashbacks, large American style fridge freezer, washing machine and tumble dryer, additional fridge freezer, integrated dishwasher, breakfast bar, useful under stairs storage cupboard, radiator, UPVC double glazed door to the side.

First Floor Landing
Stairs to the second floor, large storage cupboard housing the hot water cylinder, a loft hatch, and doors to four-bedrooms and two shower rooms.

Bedroom Three - 13ft 10 x 13ft 0 (4.23m x 3.97m )
A carpeted double bedroom with UPVC double glazed window to the side, and radiator.

Bedroom Four - 10ft 10 x 9ft 3 (3.32m x 2.84m )
A carpeted double bedroom with UPVC double glazed window to the front and side, radiator and door to the en-suite.

En-Suite
Three-piece suite comprising: shower, wash-hand basin inset to vanity unit, tiled splashbacks, WC, laminate flooring, wall mounted heated towel rail, extractor fan.

Bedroom Five - 13ft 5 x 7ft 5 (4.1m x 2.28m
A carpeted bedroom with electric radiator, and UPVC double glazed window to the front.

Bedroom Six - 12ft 8 x 12ft 1 (3.87m x 3.69m)
A carpeted double bedroom with UPVC double glazed window to the rear, radiator, built-in storage cupboard and door the en-suite.

En-Suite
A three-piece suite comprising: shower, wash-hand basin inset to vanity unit, WC, laminate flooring, wall mounted heated towel rail, extractor fan.

Shower Room
Incorporating a three-piece suite comprising: shower cubicle, wash-hand basin inset to vanity unit, WC, laminate flooring, tiled splashbacks, UPVC double glazed window to the side, wall-mounted heated towel rail, extractor fan, and spotlights to ceiling.

Shower Room
Incorporating a three-piece suite comprising: shower, pedestal wash-hand basin, WC, tiled splashbacks, wall-mounted heated towel rail, and extractor fan.

Second Floor Landing
With a Velux window and doors to Bedroom Seven and Eight, and a sliding door the shower room.

Shower Room
A three-piece suite with shower, pedestal wash-hand basin, WC, tiled splashbacks, wall-mounted heated towel rail, and extractor fan.

Bedroom Seven 13ft 0 x 10ft 11 (3.97m x 3.33m)
A carpeted double bedroom with electric heater, and UPVC double glazed window to the side.

Bedroom Eight
A carpeted double bedroom with electric heater and UPVC double glazed window to the front.

En-Suite
Comprising three-piece suite with shower, wash-hand basin inset to vanity unit, WC, laminate flooring, heated towel rail, and extractor fan.

Outside
Outside the property benefits from a new blocked paved driveway, lawned areas, and a footpath to the entrance door to the main house, back door of the main house, and two new self contained bungalows.

Two New One Bedroom Bungalow
Newly built, vacant.

Occupancy

Part Let Part Vacant

Costs

Auction Details:

The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type.

Binding contracts of sale will be exchanged at the point of sale.

All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.

Auction Deposit and Fees:

The following deposits and non- refundable auctioneers fees apply:

• 5% deposit (subject to a minimum of £5,000)

• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT).

The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information:

For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.

This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).

Guide Price & Reserve Price:

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.