12 bed for sale Burns Avenue, Nottingham NG7

12 Bedroom Student Freehold Investment OpportunityRow of 3 x 4 bedroom houses with unconverted basements and lofts and room for cosmetic improvementsPrime Spot in The Arboretum, perfect for ntu StudentsAsking Price - £925,000 - £77,000 per bed space Fhp Student Living are delighted to offer this unique freehold investment opportunity in The Arboretum area of Nottingham. This freehold opportunity is located on Burns Avenue, just off Burns St, All Saints St and Goodwin Street, a prime spot for UK based students studying at Nottingham Trent University.Nottingham is a widely established 2 university city with an estimated student enrolment in excess of 80,000 with ntu being awarded Modern University of the year in 2023. Nottingham regularly appears as one of the UKs top areas for investment with competitive yields down to high rents and relatively low capital values.Offered exclusively by fhp Student Living, is a row of 3 x 4 bedroom houses, each with a stepped pathway to front door for an elevated street position. Each property benefits from 4 double bedrooms, sharing 1 bathroom and a kitchen / dining room. Each property also has a 5th "bedroom" that generally measures below 8 SqM but with internal works, we are of the view that bedroom additions can be achieved.2 of the 3 properties have rear extensions. Investors should do their own due diligence but the properties have basements with good ceiling heights and natural light and unconverted loft spaceThe properties are currently rented on 52 week contracts offering a 4 week summer retainer, with each house rented for £110 pp pw exc. Bills totalling an annual rent in the region of £63,360 per annum. We are of the view that this is below average for the area and that the property will benefit from increased rents through cosmetic improvements.The properties are all licensed with Additional HMO Licenses and are located in an Article 4 area with historic evidence of tenancies available.This investment is available for an asking price of £925,000, making for a yield of 6.87% at £77,000 per bed.Contact Joe Hargreaves fhp Living to book your viewing.