Newnham Road, Newark - 3 Bed HMO

This is an exceptional investment opportunity located in the NG24 area, featuring a two-bedroom property with approved plans for conversion into a three-bedroom licensed House in Multiple Occupation. Available at a competitive purchase price of one hundred twenty thousand pounds, this project is specifically designed to maximize investor returns through strategic room configuration. Upon completion of the three-bedroom HMO conversion, the asset is projected to generate an annual rental income of eighteen thousand two hundred forty pounds. This performance translates to a robust net yield of eleven percent, making it a compelling addition to any property portfolio seeking strong cash flow. Investors looking for a straightforward conversion project will find the financial metrics highly attractive. The clear path from a two-bedroom layout to a three-room licensed HMO ensures optimized space utilization and enhanced revenue potential within the NG24 market. Secure this high-yield conversion opportunity today to capitalize on the lucrative returns demonstrated by the projected financials.