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12 bedroom house share for sale
Burns Avenue, Nottingham
£800,000
Burns Avenue, Nottingham
£800,000
Our Summary
- Each property benefits from a full-height, unconverted basement offering scope for additional communal or recreational space
- 8, which occupies a corner plot with a large rear garden, offers strong potential for a rear extension or internal reconfiguration, subject to planning
- Scope to increase rents through cosmetic upgrades and reconfiguration
Description
FHP Student Living presents a rare opportunity to acquire a fully let, freehold portfolio of three adjoining 4-bedroom licensed HMOs on Burns Avenue in The Arboretum, Nottingham. The properties are situated in one of Nottingham's strongest and most proven student rental areas, just a 5-minute walk from Nottingham Trent University. Each property is occupied on 48-week ASTs, generating a combined annual rent of £61,920. The portfolio offers a strong yield of 7.7% and benefits from Article 4 protection, ensuring long-term rental stability. The properties have the potential for additional communal or recreational space in the full-height, unconverted basements, and No. 8 has scope for a rear extension or internal reconfiguration, subject to planning. The combined individual value of the properties totals £864,950, but the portfolio is being offered at a reduced guide price of £800,000, reflecting a £64,950 discount for a bulk purchaser.