Acton Avenue, Basford, Nottingham, NG6
- PROPERTY TYPE
Terraced
- BEDROOMS
2
- BATHROOMS
1
- 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.
Freehold
Key features
- Estimated Yield - 5.45%
- Long Term Tenants
- Sought After Location
- Investment Opportunity
- Two Bedrooms
- Great Transport Links
- On Street Parking
- Council Tax Band - A
- EPC Rating - D
- Call Northwood Today
Description
INVESTMENT OPPORTUNITY – TWO-BEDROOM PROPERTY WITH TENANTS IN SITU
Acton Avenue, New Basford, Nottingham, NG6 0AY
Offers Over £110,000 | Rental Income £500 PCM | Gross Yield 5.45%
Northwood are pleased to bring to the market this two-bedroom property on Acton Avenue, New Basford, offering an excellent opportunity for property investors seeking an established rental income.
The property is being sold with long-standing tenants in situ who have occupied the property for over 26 years, providing a current rental income of £500 per calendar month, equivalent to £6,000 per annum.
Based on the asking price of £110,000, this represents an approximate gross rental yield of 5.45%, making this an attractive proposition for landlords looking to expand their property portfolio.
Situated in a popular residential location, the property benefits from convenient access to local amenities, shops and transport links, providing connections to Nottingham City Centre and surrounding areas.
KEY FEATURES
Offers Over £110,000
Two-bedroom property
Tenants in situ
Long-standing tenancy of over 26 years
Current rental income of £500 PCM
Annual rental income of £6,000
Approximate gross rental yield of 5.45%
Popular New Basford location
Close to local amenities and shops
Convenient access to public transport links
AN OPPORTUNITY FOR INVESTORS
With an established tenancy already in place, this property offers an opportunity for investors looking to acquire a buy-to-let property with an existing rental arrangement.
The long-standing tenancy may appeal to purchasers seeking continuity of rental income, subject to satisfactory checks of the tenancy agreement and rental history.
LOCATION
Acton Avenue is situated in the popular area of New Basford, Nottingham, conveniently positioned for local amenities, shops and public transport links, with access to Nottingham City Centre and surrounding areas.
PRICE & RENTAL INFORMATION
Asking Price: Offers Over £110,000
Current Rent: £500 per calendar month
Annual Rental Income: £6,000
Gross Rental Yield: Approximately 5.45%
Tenancy: Tenants in situ
Gross rental yield is calculated using the annual rental income divided by the asking price. It does not account for management fees, maintenance, insurance, void periods, taxes or other ownership costs.
Contact Northwood today for further information or to arrange a viewing.
EPC rating: D. Tenure: Freehold,- 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: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- On street
- 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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Acton Avenue, Basford, Nottingham, NG6
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Visit our security centre to find out moreDisclaimer - Property reference P2129. 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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