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.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Burns Avenue, Nottingham
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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.
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