5 bedroom town house for sale

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5 bedroom town house for sale

Beech Avenue, New Basford
£360,000

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Description

This 5-bedroom licensed HMO property in New Basford, Nottingham, offers a strong and reliable return on investment. Fully refurbished and compliant, it generates a gross income of £33,000 per annum, with a gross yield of 8.92%. The property is arranged over three floors, with two en-suite bedrooms and three bedrooms sharing a bathroom. The modern kitchen diner and communal areas are well-appointed, with a neutral décor throughout. The property is located in a prime lettings area, close to the University of Nottingham, Nottingham Trent University, and the QMC Hospital, with excellent transport links to the city centre. The area is popular with young professionals and students, ensuring a consistent tenant base and high occupancy levels. With a proven rental market and ongoing investment in the city's infrastructure, this property presents an ideal opportunity for investors seeking a strong and reliable return.