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5 bedroom house of multiple occupation for sale
HMO Investment, Nuneham Avenue, Withington M20
£625,000
HMO Investment, Nuneham Avenue, Withington M20
£625,000
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
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Here is a summarized version of the property description in a single paragraph:
This period property on Nuneham Avenue is a fantastic opportunity for investors, offering great potential for extension and conversion. Located in a highly sought-after area, it's 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 to students, generating a 5.4% yield. With 5 bedrooms, large communal areas, and a spacious lounge, the property has great potential to be modified to gain further bedrooms, increasing the yield. The basement, with its high ceiling, is ideal for conversion, offering the possibility of three additional rooms and a bathroom. The property is freehold and offers a great investment opportunity for those looking to capitalize on the demand for student lets in the area.