Summary - 114 VERNON AVENUE OLD BASFORD NOTTINGHAM NG6 0AL
2 bed 1 bath Terraced
Steady income property for buy-to-let portfolios seeking immediate returns.
Two-bedroom Victorian terrace with private rear garden
Approximately 721 sq ft of living space
Long-term tenant in situ; consistent rental payments
Current gross annual income £8,400
On-street parking only; no private driveway
Small plot and modest room sizes throughout
Medium flood risk; check insurance and flood history
Located in a deprived area—capital growth may be limited
An entry-level investment in NG6, this two-bedroom Victorian terrace delivers immediate rental income with a long-term tenant in place. The property totals about 721 sq ft and includes a separate lounge, kitchen, three-piece bathroom and a private rear garden—simple, lettable accommodation in an urban area with good local amenities.
The current gross annual income is £8,400, offering predictable cashflow from day one. The tenant has a steady payment history and intends to remain, so the purchase will suit investors seeking continuity rather than an immediate refurbishment-and-relet project. Broadband and mobile signals are strong in the area.
Considerations include a small plot, modest room sizes and a location in a deprived ward, which may affect capital growth prospects. Flooding risk is medium; buyers should review flood and insurance implications. Parking is on-street only. A Buyers Premium applies on completion—factor this into total acquisition costs.
For hands-on investors or developers, the house presents straightforward refurbishment potential to increase rental value or reposition the asset over time. For passive landlords wanting stable income with minimal void risk, the existing tenancy makes this a low-hassle addition to a portfolio.
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