12 bedroom house share for sale

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12 bedroom house share for sale

Burns Avenue, Nottingham
£925,000

Our Summary

  • FHP Student Living are delighted to offer this unique freehold investment opportunity in The Arboretum area of Nottingham
  • 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

Description

FHP Student Living is offering a unique freehold investment opportunity in Nottingham's Arboretum area, consisting of three 4-bedroom houses on Burns Avenue. Each property features four double bedrooms, one bathroom, a kitchen/dining room, and a fifth "bedroom" that can be converted with internal works. The houses have been rented on 52-week contracts with a 4-week summer retainer, generating an annual rent of around £63,360. The properties are licensed with Additional HMO Licenses and are located in an Article 4 area with a history of tenancies. With an asking price of £925,000, the investment offers a yield of 6.87% at £77,000 per bed. The properties have potential for increased rents through cosmetic improvements, making this a prime opportunity for investors.