Summary - 310 THE WELLS ROAD NOTTINGHAM NG3 3AA
2 bed 1 bath Semi-Detached
Immediate rental income with scope for refurbishment and uplift.
- Two bedrooms, one bathroom, approximately 506 sq ft
- Current gross rent £10,200 pa; tenant in situ long-term
- Private driveway parking and front and rear gardens
- Freehold tenure with decent plot size
- Property is small and requires cosmetic modernisation
- Area shows higher crime and local deprivation indicators
- No flood risk; excellent mobile and fast broadband
- Buyers premium applied on sale completion
A compact two-bedroom semi-detached house offered with a long-term tenant in place, producing a current gross annual income of £10,200. The property sits on a decent plot with private driveway parking and both front and rear gardens, offering immediate rental return for a buyer seeking an income-producing asset.
The interior and exterior are serviceable but dated, with clear scope for cosmetic modernisation and potential value-add refurbishment. The small overall size (approximately 506 sq ft) and mid-century fittings mean any buyer should budget for updating to maximise rental or resale value.
Location factors suit investors: fast broadband and excellent mobile signal, nearby amenities and several good primary schools. Material considerations include above-average local crime levels, an area classification indicating deprivation, and a buyers premium that applies to secure the sale. The property is freehold and has no flood risk.
Sold with tenants who have expressed a desire to remain, this will appeal to investors seeking steady immediate income; developers or hands-on landlords may also see potential to refurbish and improve yields over time.
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