Mettham Street, Lenton, NG7 1SH
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Mettham Street, Lenton, NG7 1SH

By Tomlinson Estate Management Limited

£ 235,000

Reviews

2 out of 5 stars

Tomlinson Estate Management Limited says ..

3 Bedroom HMO investment property. Located in the centre of Lenton, within walking distance of the University of Nottingham, the city centre and local amenities. The property has an HMO licence and a long history of use as an HMO. It's currently let to 3 students for the academic years 2023-2024 ...

Property Oracle says ..

This three-bedroom terraced house in Lenton, Nottingham, is marketed as an HMO investment property. Its location near both the University of Nottingham and Nottingham Trent University is a key advantage, making it highly desirable to students and offering strong rental prospects. The property itself, as shown in the images, is functional and clean, but could benefit from some modernisation. The kitchen and bathroom appear fairly standard, and whilst not showing any signs of disrepair, the decor does appear somewhat tired and could be upgraded to increase desirability and potentially rental income. The lack of plot size information suggests little to no garden space, typical for properties of this type in the area. Considering the rental market for student properties in Lenton, the list price appears reasonably competitive with similar properties in the area, especially when considering the proximity to universities and the consistent demand for student accommodation. This property is best suited to an investor looking for a potentially profitable student let.

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

Price
7
Condition
5
Location
7
Land
2
Bedrooms
3
Bathrooms
1
Sqft (est)
1,131.29

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
227,385.00 £
Decreased by 19.26 %
from 281,611.00 £
Est sale value
271,509.60 £
Decreased by 19.46 %
from 337,124.42 £
Average area rental value
1,344.00 £/mo
Increased by 32.28 %
from 1,016.00 £/mo
Est letting value
1,131.29 £/mo
Unchanged by 0.00 %
from 1,131.29 £/mo
Est rental Yield
7.09 %
Increased by 63.74 %
from 4.33 %
Crime Rate
5.00 %
Unchanged by 0.00 %
from 5.00 %

Agent Activity

  • Tomlinson Estate Management Limited marked this listing as sold.

  • Tomlinson Estate Management Limited created the listing.

Nearby Schools

NameTypeOfstedDistance
Edna G. Olds AcademyAcademy ConverterOutstanding0.12 KM
The Nottingham Nursery School And Training CentreLocal Authority Nursery SchoolOutstanding1.11 KM
Radford Primary School AcademyAcademy ConverterGood1.14 KM
Nottingham University Academy Of Science And TechnologyFree SchoolsGood1.17 KM
Mellers Primary SchoolCommunity SchoolGood1.20 KM

Images

Gallery Gallery Gallery Gallery 3 Bedroom terrace house - HMO Gallery Gallery 3 Bedroom terrace house - HMO Gallery

Nearby Streets

NameAverage PriceAverage SqftDistance
Lenton Boulevard £ 000.00 KM
Godfrey Lane £ 000.00 KM
Stansfield Street £ 000.00 KM
Friar Street £ 000.00 KM
Harlaxton Drive £ 275,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Nottingham1826NOT3.02 KM
Beeston1625BEE4.86 KM
Bulwell1865BLW6.22 KM
Attenborough1624ATB7.93 KM

Nearby Listings

AddressPriceTypeScoreDistance
Mettham Street, Lenton, NG7 1SH £ 235,000BUY5 / 100.00 KM
Mettham Street, Lenton, Nottingham, NG7 £ 325,000BUY4 / 100.01 KM
Frederick Grove, Nottingham £ 325,000BUY6 / 100.01 KM
Mettham Street, Nottingham, NG7 1SH £ 240,000BUY5 / 100.02 KM
Frederick Grove, Nottingham, Nottinghamshire, NG7 £ 330,000BUY5 / 100.02 KM

Nearby Properties

AddressPriceDistance
8 Mettham Street £ 69,0000.01 KM
22 Mettham Street £ 260,0000.01 KM
24 Mettham Street £ 162,5000.01 KM
16 Mettham Street £ 69,0000.01 KM
12 Mettham Street £ 260,0000.01 KM