HEB IS offering the opportunity to buy a three-bedroom, semi-detached house – with a regulated tenancy in place.

The property in Westbury Road, Basford, will go under the hammer at the next auction by Nottingham property surveyors Heb on 15 February.

Matt Hilton, partner and auctioneer, said: "It is extremely rare to get regulated tenancies on the market. It is not often that you see these properties being offered for sale."

The Westbury Road property, which has a guide price of around £80,000, has a regulated tenant who has lived at the property since 1962.

A regulated tenancy is one which gives someone the legal right to live in their accommodation for life.

Matt added: "Buying properties with regulated tenancies are rare and much sought after."

The property has three bedrooms and two reception rooms.

The current rent is set at £85 per week, subject to review every two years.

The auction starts at 2.30pm at The Nottingham Gateway Hotel, Nuthall Road, Nottingham.

For more information call Matt Hilton on 0115 950 6611.