NZB Limited says ..

Property Oracle says ..

The property is located in Nottingham, Nottinghamshire, and is a House of Multiple Occupation (HMO) with 52 bedrooms. The location benefits from being close to Nottingham railway station (0.81km), several schools including Stone Soup Academy (rated Outstanding by Ofsted) and Nottingham College (0.16km and 0.39km respectively). This proximity to transport links and educational institutions could be considered advantageous for tenants.

Based on the provided images, the property appears to be a mix of different building types and conditions. Some units seem to be in relatively good condition, offering modern amenities, while others appear more dated or require renovation. A comprehensive assessment of the condition of all 52 units would be necessary for a complete evaluation.

The plot size and square footage are not specified, making it impossible to assess the amount of land associated with the property. Further information is needed to determine whether the property has a garden or sufficient outdoor space.

The list price of £4,100,000 is significantly higher than the average house price in the area (£302,231). However, this is an HMO with 52 bedrooms, suggesting a high rental income potential. The lack of square footage data makes it impossible to compare the price per square foot to the local average. A detailed financial analysis, considering rental income projections and potential expenses, is needed to determine if the list price is reasonable for this type of investment property. The potential for a 12% increase in income also needs to be factored into any valuation.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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