Burns Avenue, Nottingham
- PROPERTY TYPE
House Share
- BEDROOMS
12
- BATHROOMS
3
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- 12 bed freehold Student Investment Opportunity
- Row of 3 x 4 beds
- Arboretum
- Prime Spot for NTU Students
- Each House contains 4 bedrooms and 1 bathroom
- Capital Growth potential
- Rented for £64,800 pa 24/25
- £77,000 per bed space
- Fantastic Location
- Contact Joe Hargreaves
Description
Nottingham is a widely established 2 university city with an estimated student enrolment in excess of 80,000 with NTU being awarded Modern University of the year in 2023. Nottingham regularly appears as one of the UKs top areas for investment with competitive yields down to high rents and relatively low capital values.
Offered exclusively by FHP Student Living, is a row of 3 x 4 bedroom houses, each with a stepped pathway to front door for an elevated street position. Each property benefits from 4 double bedrooms, sharing 1 bathroom and a kitchen / dining room. Each property also has a 5th "bedroom" that generally measures below 8 SqM but with internal works, we are of the view that bedroom additions can be achieved.
2 of the 3 properties have rear extensions. Investors should do their own due diligence but the properties have basements with good ceiling heights and natural light and unconverted loft space
The properties are currently rented on 52 week contracts offering a 4 week summer retainer, with each house rented for £110 pp pw exc. bills totalling an annual rent in the region of £63,360 per annum. We are of the view that this is below average for the area and that the property will benefit from increased rents through cosmetic improvements.
The properties are all licensed with Additional HMO Licenses and are located in an Article 4 area with historic evidence of tenancies available.
This investment is available for an asking price of £925,000, making for a yield of 6.87% at £77,000 per bed.
Contact Joe Hargreaves FHP Living to book your viewing.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Burns Avenue, Nottingham
Add an important place to see how long it'd take to get there from our property listings.
__mins driving to your place
Get an instant, personalised result:
- Show sellers you’re serious
- Secure viewings faster with agents
- No impact on your credit score
Your mortgage
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference 102431016202. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by FHP Living, Nottingham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
Map data ©OpenStreetMap contributors.