4 Bed Semi-Detached House For Sale Lace Street, Nottingham, NG7

£350,000- Semi-Detached

1 of 9
  • Description
  • Floor Plan
  • Street View
  • Maps
Last Updated: 7th March 2024

Description

INVESTMENT BUYER SOUGHT. Located very well for Nottingham University, this property is offered for sale in good condition and had the benefit of a current tenancy agreement and one signed for a 51 week tenancy beginning on 23rd July 2024 for the 24/25 academic year at a rental of £460 per week, exclusive of bills. The house has four double bedrooms, one of which has an en-suite WC, and good communal facilities including a fitted kitchen and shower room. There is gas central heating and double glazing, together with a private rear garden. The area has a residents permit parking scheme and is within a short walk of public transport that includes buses and trams into Nottingham city centre. Nottingham University and The QMC are just moments away, making this an ideal student rental investment. The current Energy Rating is D -55

Entrance Hall
A covered entrance opens into a hallway via a PVC entrance door. The hallway has wood effect laminate flooring, radiator, original coving to the ceiling and a carpeted staircase rising to the first floor landing.
Kitchen 3.86m (12'8) x 2.21m (7'3)
The kitchen has fitted base and matching wall cabinets, white gloss fronted with bar handles, granite effect acrylic working surfaces with an inset single drainer sink, four ring gas hob and oven with extractor above, space for an upright fridge freezer, space and plumbing for a washing machine and tumble dryer, extractor fan ,side facing double glazed window and slate effect vinyl flooring. There is a door into the rear lobby.
Rear Lobby
The rear lobby has slate effect vinyl flooring and contains a cupboard which houses a Baxi combination boiler. This in turn leads onto the shower room.
Shower Room 1.8m (5'11) x 1.73m (5'8)
The shower room has a three piece suite, a double shower enclosure with aquaboard panelling and a sliding glazed door, vanity unit with wash hand basin, cupboards beneath and a mixer tap and a low level flush WC. There is a rear facing double glazed opaque pane window with radiator and extractor fan. There is slate effect vinyl flooring.
Living Room 3.58m (11'9) x 3.3m (10'10)
The living room is a rear aspect room with a double glazed window, wooden effect laminate flooring, radiator and television connection point.
Bedroom 1 3.58m (11'9) x 3.3m (10'10)
This room has a bay window with three double glazed windows, central painted brick chimney, painted brick fireplace with a quarry tiled hearth and display and storage plinths to either side, fitted carpet and radiator.
Landing
The first floor landing has a rear facing double glazed window, fitted carpet and a painted wooden balustrade and spindles.
Bedroom 2 3.58m (11'9) x 2.95m (9'8)
This is a double bedroom with fitted carpet, radiator and rear facing double glazed window.
Bedroom 3 3.58m (11'9) x 4.39m (14'5)
A very large bedroom with twin double glazed windows to the front aspect and a large radiator beneath. There is also a fitted carpet.
Bedroom 4 3.76m (12'4) x 4.6m (15'1)
This room has a side facing double glazed window, radiator and fitted carpet. There is access to eaves storage space and an ensuite lavatory with wall hung wash hand basin and extractor fan.
Outside
The rear garden has a mixture of paving and concrete patio with a small rectangular shaped lawn. The rear garden is enclosed by timber panel fencing with concrete posts and gravel boards and a side gate giving access to the front garden. In the rear there is external lighting and a water tap.
Agent Details
C P Walker & Son
107, High Road, Nottingham, NG9 2JU
Show Contact Number
0115 925 4062

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

These figures are for illustration purposes, please adjust for greater accuracy.
Yield
£
£
£

%
%
Purchase Price
£
Mortgage
Interest Only / Repayment
%
£
%

£

Mortgage Finder

Show me the cheapest mortgage for this property matched to my personal circumstances and risk appetite.
No minimum income required

Similar Properties

A few properties that are similar to this 4 bedroom property. See more properties like this.

£240,000
Nottingham, NG7
Terraced
6.9
£450,000
Nottingham, NG8
Detached Bungalow
6.2
£350,000
Nottingham, NG7
6.1
See More Properties
Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
{rent_tooltip}
This is the potential achievable yield.
Potential Return-on-Cash Invested