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5 bed property

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5 bed property

HMO Investment, Nuneham Avenue, Withington M20
£585,000

Our Summary

  • The property has great potential to extend further with a large basement ideal for conversion
  • Due to the size of the building, there is great potential to modify the current layout to gain further bedrooms which in turn would increase the yield
  • The basement offers great space for conversion STPP with suitable access from within the building and also externally
  • The basement has great head height and definitely prime for conversion
  • 4% yield with great potential for further capital growth
  • Large basement prime for conversion
  • Large plot with great potential

Description

This period property on Nuneham Avenue is a fantastic opportunity for investors, offering a 5.4% yield and generating £33,800 per annum. Situated in a highly sought-after location, the property is just minutes away from Withington and Fallowfield, with excellent transport links, shops, and local amenities. The property has a HMO license in place and has always been let as a full building for students, never being empty. The current layout offers 5 bedrooms, large communal areas, and a large basement with great potential for conversion, providing additional space for further bedrooms and increasing the yield. The property is a freehold and offers a great chance for investors to capitalize on the high demand for student accommodation in the area.