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Burns Avenue, Nottingham NG7

East Midlands

£280,000
Listed on 25/09/2025

Property Details

Bedrooms
4
Type
Terraced house
Area
1190 sqft

Description

This four-bedroom licensed House in Multiple Occupation (HMO) presents a promising investment opportunity located in The Arboretum, a neighborhood recognized for its strong rental demand among students. With Nottingham Trent University just a short five-minute walk away, the property benefits from proximity to educational facilities, local amenities, and excellent transport links, making it an appealing choice for student renters. Currently let for the 2025/26 academic year at £100 per person per week on a 48-week tenancy agreement, the total gross annual rental income is projected at £20,000. This translates to an impressive gross yield of 7.1% based on the guide price. The property's layout includes four generously sized double bedrooms, a shared kitchen and dining area, a communal bathroom, and a lounge situated on the first floor — all features that cater well to student living. One standout aspect of this property is its full-height basement, which currently lacks natural light but offers significant potential for conversion into additional living space such as a cinema room or communal area. Furthermore, the loft remains unconverted and may present further development opportunities subject to obtaining necessary planning permissions. Additional details include an Energy Performance Certificate (EPC) rating of D (65), confirming energy efficiency standards. The property is HMO licensed under the Additional Licensing Scheme and falls within Nottingham City Council's Article 4 direction area, highlighting its compliance with local regulations while also emphasizing its viability as an investment asset. This property is offered as freehold, providing ownership certainty for future use or development. For those looking to capitalize on the growing demand for student housing in Nottingham, this property represents both immediate rental income and longer-term renovation potential.

Investment Analysis

(NG7 area)

Above Market Value

This property is priced +5.9% above area average per sq ft

+5.9%
This Property
£235/sq ft
Area Average
£222/sq ft
Avg Rent (weekly)
£314
Avg Yield
7.9%

Renovation Potential

Est. Renovation Cost
£28,000 - £70,000
10-25% of property value
Target Value
£290,729
10% above area average per sq ft
Potential ROI
-16.9%
After renovation
Monthly Sales
31
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (NG7)

Area prices are rising by +3.2% over the last 12 months
3 year growth: 10.7%
5 year growth: 28.5%
Investment Disclaimer: Analysis based on NG7 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Burns Avenue, Nottingham NG7
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