Shared accommodation for sale in Teversal Avenue, Nottingham NG7

Student HMO Investment Opportunity
Rented for 24/25 Academic year for £49,140 exc bills
New Kitchen and Shower Rooms
8.2% yield exc bills
£85k per bedroom

Introduction fhp Student Living are delighted to offer a 7 bedroom Student HMO Investment Opportunity in the prime location of Lenton, a short walk from the main University Park Campus of the University of Nottingham.

This turnkey investment is a great opportunity to add a secure and long letting HMO to a new or existing portfolio.

Location Teversal Avenue is part of the fabled 'Golden Triangle' of Lenton, a well established prime location for students at the University of Nottingham.

The road is accessed from Derby Road or Ashburnham Avenue. Derby Road leads directly to the main University Park campus as well as the City Centre. Local amenities include a Sainsburys Local, the main high street of Lenton Boulevard and Lenton Recreational Ground. Within a short drive, you have both Castle Marina Retail park & Castle Retail Park.

The house The property consists of 7 spacious double bedrooms, 2 shower rooms, an open plan kitchen living and dining room and a basement.

The ground floor welcomes you with a traditional hallway, with 1st double bedroom at the front of the house and benefitting from the bay fronted window. The 2nd room is located in the middle of the house with views to the rear of the property. The original kitchen has been significantly extended and renovated creating a sizeable open plan kitchen, living and dining room.

The first floor consists of 3 double bedrooms and a shower room, with the final 2 double bedrooms and shower room on the top floor.

The property is in a good state of decor having recently had both its showers rooms renovated, as well as the kitchen.

Investment and rental summary The property is currently HMO licensed until ... And is let for the current & upcoming academic year. The 24/25 income is £49,140 (£135 pp pw exc bills on a 52 week basis)

This equates to a yield of 8.2% and £85,000 per bedroom for a property in one of Lentons prime locations, offering a secure long term investment.