Summary - 27 BEECH AVENUE NEW BASFORD NOTTINGHAM NG7 7LJ
5 bed 1 bath Terraced
Close to Nottingham Trent University, strong rental history with refurbishment upside.
Freehold five-bedroom mid-terrace with HMO licence
A freehold, five-bedroom mid-terrace offering an established HMO layout in Sherwood Rise, close to Nottingham Trent University. The property has an HMO licence and a proven gross rent history of £32,000 pa when fully let, making it a straightforward income investment for a buyer seeking immediate letting potential.
The house is a three-storey Victorian terrace with bay windows and period character but requires modernisation throughout; internal pictures and descriptions indicate dated fixtures and finishes and some scope for remodelling. There is a single bathroom serving five bedrooms, which may constrain lettable room standards without refurbishment. Useful basement storage and a rear yard with bin store add practical value.
Buyers should note material negatives: the property sits in an area of very high deprivation and high recorded crime, on-street parking only, and it will be sold at public auction (public notice/repossession). These factors affect lettings, management overheads and perceived rental risk, and should be factored into purchase and refurbishment budgets.
For an investor prepared to refurbish and improve communal facilities, the location near student accommodation and local amenities offers potential to restore or increase rental income. The auction sale means completion timelines will be fixed; assess finance, HMO compliance and any management costs before bidding.
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