5 bedroom town house for sale

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5 bedroom town house for sale

Beech Avenue, New Basford NG7
£360,000

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Description

This 5-bedroom HMO property in New Basford, Nottingham, offers a strong and reliable return on investment. Fully refurbished and licensed, 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 finished to a high standard, with neutral décor and modern appliances. The location is highly convenient, with excellent transport links and proximity to key employment and education hubs, including the University of Nottingham and Nottingham Trent University. The area has a proven rental demand, with a consistent tenant base and strong local employment opportunities. With a total internal area of approximately 115 square metres, this property presents a turnkey income-producing investment opportunity for investors seeking a reliable return.