2-bedroom bungalow · NG15 7LT
No longer listedListed 61 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Designed for comfortable independent living, each home benefits from central heating and double glazed windows.
The well-maintained communal gardens provide a peaceful outdoor space for residents to enjoy. Please note that these properties are not wheelchair adaptable.
Nottingham Community Almshouse Charity (NCAC) has available to let a two bedroom bungalow (maximum occupants 2).
Applicants must be over 60 and priority will be given to applicants born in the parish of Hucknall, Linby or Papplewick, or who have lived in either parish for more than 20 years. Council tax band A.
Please note that as this property is an Almshouse we are exempt from the age/sex discrimination legislation Almshouses are allocated to people who are facing housing or financial difficulty.
The successful applicants will be chosen by the Trustee and the decision is at the Trustee's discretion.
Nottingham Community Housing Association Ltd has been working with Almshouse charities for over 20 years, providing a wide range of services.
In 2008, NCHA Ltd formed a new charity, Nottingham Community Almshouse Charity, which combines seven of its Nottingham-based subsidiary charities into one amalgamated charity.
This streamlines the governance and the administration of the charities and provides a vehicle for new charities to be absorbed into the NCHA Group.
Maintenance contributions The maintenance contribution is £141 per week and is payable monthly by direct debit (the monthly amount will be worked out for you).
The amount is reviewed by the Trustee annually.
The amount you pay covers part of the cost of running the Almshouses and includes repairs and maintenance, buildings insurance, and the upkeep of the garden.
The maintenance contribution is the charity's only source of revenue; Nottingham Community Housing Association as trustee is not allowed to subsidise the cost of running the homes.
The first month's maintenance contribution must be paid in advance.
Should your tenancy commence on or following the 15th of the month, you will be required to pay the remainder of that month in addition to the following months rent.
Your direct debit will commence on the 1st day of the second full month.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Cahn Memorial Home, Park Drive, Hucknall, Nottinghamshire
Explore nearby
