Summary - 59 COLEBY AVENUE NOTTINGHAM NG7 2NF
3 bed 1 bath Terraced
Licensed three-bed HMO in Lenton with immediate income and 10% gross yield..
Licensed HMO with immediate tenancy until August 2026
10% gross yield based on current rent of £17,250 pa
Freehold mid-terrace; three good-sized bedrooms
Separate lounge and dining kitchen; practical tenant layout
Front and rear gardens; foregarden currently overgrown
Requires cosmetic updating and modernization throughout
Single bathroom shared between three bedrooms
Located near University of Nottingham and QMC — strong tenant demand
A licensed three-bedroom HMO in Lenton offering immediate, secure income and a strong gross yield. Currently let at £17,250 per annum until August 2026, this freehold mid-terrace presents a ready-to-run investment for landlords seeking cash flow from day one. The property layout — three good-sized bedrooms, separate lounge and dining kitchen — suits students or young professionals drawn to the nearby University of Nottingham and QMC.
The house benefits from gas central heating and double glazing, keeping running costs reasonable, and council tax is very cheap. Both front and rear gardens add outdoor space, although the foregarden is overgrown and the overall plot is modest. The building appears structurally sound externally but will benefit from cosmetic updating throughout to maximise rental value and appeal.
Key positives are the licensed HMO status, immediate income, and 10% gross yield; key considerations are the need for modernization, a single bathroom serving three bedrooms, and the neighbourhood’s higher deprivation statistics. This is best for investors comfortable with light refurbishment and targeting the student/young-professional lettings market.
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