Cavendish Avenue, Nottinghamshire, Sherwood Nottingham, NG5
- PROPERTY TYPE
Semi-Detached
- BEDROOMS
3
- 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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Description
Spacious Three-Bedroom Home | Tenanted Investment | Excellent Potential | Sought-After Sherwood Location
OIRO £275,000
Key Features
- Offers In The Region Of £275,000
- Excellent investment opportunity with tenants in situ
- Currently achieving £1,100 PCM (approx. 4.8% gross rental yield)
- Tenants would prefer to remain but understand that notice may be served if required
- Three exceptionally spacious bedrooms
- Open-plan kitchen/dining room
- Flexible second reception room
- Driveway providing off-road parking
- Fantastic opportunity to extend or add further value (subject to the necessary consents)
- Sought-after Sherwood location
- Excellent local amenities and transport links
- Ideal for investors and families alike
Situated in a quiet position just moments from the heart of the ever-popular Sherwood, this deceptively spacious three-bedroom property offers generous accommodation throughout and presents an excellent opportunity for both investors and owner-occupiers alike.
The property is currently tenanted and generates a rental income of £1,100 PCM, providing an attractive gross rental yield of approximately 4.8% based on the asking price. This makes it an ideal purchase for investors seeking an income-producing property from day one.
The current tenants have expressed a preference to remain in the property, offering the potential for immediate, uninterrupted rental income, although they understand that notice may be served should a purchaser wish to occupy the property themselves.
Internally, the accommodation comprises an entrance hall, a spacious open-plan kitchen/dining room, perfect for modern family living and entertaining, together with a separate reception room, currently used as an additional bedroom, offering excellent flexibility depending on individual requirements.
To the first floor are three exceptionally spacious bedrooms and a family bathroom.
Externally, the property benefits from a driveway providing off-road parking and is ideally positioned close to Sherwood's wide range of independent shops, cafés, restaurants, supermarkets and excellent transport links into Nottingham City Centre and surrounding areas.
In addition to being a ready-made investment, the property also offers significant scope to enhance and add value.
Subject to the necessary planning permissions and building regulations, there is potential to extend or reconfigure the accommodation, making it an equally attractive opportunity for families looking to create their long-term home or property investors seeking to increase the property's value and future rental or resale potential.
EPC rating: D.- 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.
- Band: C
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Driveway
- GARDENA property has access to an outdoor space, which could be private or shared.
- Private garden
- 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
Cavendish Avenue, Nottinghamshire, Sherwood Nottingham, NG5
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Visit our security centre to find out moreDisclaimer - Property reference P2114. 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 Northwood, 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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