**Standout Features:**
- Three self-contained flats ideal for professional or student rentals
- Gross income potential of £35,620 from existing tenants
- Chain-free sale for a quicker transaction
- Located close to city center amenities
- Freehold property with a total of 1394 sq ft
**Concerns:**
- Small overall size and plot
- Above-average crime rate in the area
- Property requires some modernization
This charming terraced house, located in the vibrant area of NG2 4BS, presents an excellent investment opportunity with its three flats, perfectly suited for professional or student rentals. The property boasts a strong gross income potential of £35,620, making it an enticing option for both seasoned investors and first-time buyers looking for a cash-flowing asset. With the city center just a stone’s throw away, the location offers convenience with fast broadband speeds and excellent mobile signal, appealing to tenants.
While the overall size is small and the property may need some modernization, its attractive freehold status and chain-free sale simplify the buying process. The solid brick structure showcases classic Victorian charm, and there’s plenty of opportunity for value-adding renovations. This property, however, is situated in an area marked by above-average crime rates, which prospective buyers should consider carefully. With close proximity to schools rated ‘Good’ and ‘Outstanding’, this could be an ideal setting for families as well. Act quickly; opportunities like this may not last long!
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