Kirk Avenue, Kegworth, Leicestershire
- PROPERTY TYPE
End of Terrace
- BEDROOMS
6
- BATHROOMS
5
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
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Key features
- Assured Income - Existing tenants signed on a tenancy through to 30th June 2027, removing re-letting risk in year one
- Captive Student Location - Walking distance to Sutton Bonington Campus with limited competing purpose-built stock
- Low Capex Requirement - Full refurbishment in 2019 (rewire, replumbing, new kitchen, en-suites) means minimal near-term spend
- Strong Yield - 10.96% gross / 8.77% net, well above typical buy-to-let returns
- Fully Licensed - HMO Licence in place, with gas and electrical safety certificates current
- Proven Track Record - Continuously let and owned by the same landlord since 1996, with strong tenant demand throughout
Description
Asking Price: £335,000
An outstanding investment opportunity — a fully refurbished, extended 6-bedroom student HMO in the popular village of Kegworth, positioned within walking distance of Sutton Bonington Campus, the Veterinary College affiliated with the University of Nottingham. With existing tenants already signed through to 30th June 2027, this is a genuinely hands-off, income-assured acquisition for any investor.
Continuously let and owned by the same vendor since 1996, the property was fully refurbished in Summer 2019 — including a complete rewire, replumbing, new fitted kitchen, en-suite installations and full redecoration — significantly reducing near-term capital expenditure for a new owner.
Current Income:
Base rent £3,060 pcm from existing tenants
£36,720 gross annual rental income (12-month basis)
Est. 10.96% gross yield / 8.77% net yield (based on 20% running costs)
Tenancy secured through to 30th June 2027
Accommodation:
Ground Floor: Lounge/Dining Room, Fully Fitted Kitchen, 2 Bedrooms, Shared Shower Room & Toilet, Utility Space
First Floor: 4 Bedrooms (each with en-suite shower), Separate WC with Wash Basin
Compliance & Specification:
HMO Licence granted 19/12/2024
New Worcester Bosch gas boiler (August 2020)
Gas Safety Certificate valid from 09/07/2025
Electrical Safety Certificate valid from 03/08/2023
EPC Rating: C
Parking for 6 cars plus tandem garage
Spacious, secured rear garden
Location: Situated in Kegworth, within walking distance of Sutton Bonington Campus, giving this property a captive, recurring student tenant base with limited competing purpose-built accommodation nearby.
An ideal acquisition for investors seeking an income-assured, low-capex student HMO with tenants already in place. Viewings highly recommended.
EPC Rating: C
Council Tax: N/A (HMO)
- 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.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- 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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Energy performance certificate - ask agent
Kirk Avenue, Kegworth, Leicestershire
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Visit our security centre to find out moreDisclaimer - Property reference kirk-ave. 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 Pure, Manchester. 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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