Shared accommodation for sale in Burns Street, Nottingham NG7

9 Bedroom Student HMO Investment Opportunity
Gross Income of £79,920 inc bills (£71,280 exc bills)
Stunning Period Detached residence, recently refurbished and extended
Asking Price of £810,000 for a yield of 8.8% after bills - £90,000 per bedroom

Fhp Student Living are delighted to offer this stunning 9 bedroom HMO on Burns St, one of the prime spots in The Arboretum area of Nottingham, perfect for students 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.

The large detached house is located on a prime spot within The Arboretum on Burns Street, with a substantial number of neighbouring period residences in the primary student location for "UK based" students at Nottingham Trent University. The main city campus is a short walk away, less than 10 minutes, and is accessed by car from Forest Road East and Waverly Street.

The property is beautifully set back off the street with an elevated pitch. Stairs from the street lead up to a path past the front garden with entrance on the side of the property. The ground floor welcomes you with a spacious entrance hallway, boasting original tiling, high ceilings and open stairwell. 2 double bedrooms and a bathroom are situated on this floor, with the bay fronted lounge overlooking the garden. A laundry room leads on to the stunning kitchen / diner that has been recently extended and renovated.

The first floor contains 5 large double bedrooms, a shower room and separate W?C with the final 2 double bedrooms occupying the top floor, where a third bathroom and store can also be found. The garden to the rea is low maintenance . Parking is available on street via permits from the local authority. The whole property is in a generally good state of décor, having been lovingly maintained by the vendors, with annual maintenance and minor refurbishments

The whole property boasts plenty of original features making for a unique & homely feel, with tall bay fronted windows, high ceilings and large open hallways and landings throughout, commensurate with a property of its age.

The property is rented for the current and upcoming academic 24/25 letting period for £185 pp pw inc bills, totalling £79,920 pa and £71,280 after bills.

This property is available for an asking price of £810,000, making for a gross yield of 9.87% at £90,000 per bed (8.8% yield after bills).
Contact fhp Student Living to book your viewing.