Beech Avenue, New Basford
Key information
£850,000
Bedrooms
10
Property type
Apartment
Bathrooms
9
Location
24, 28, 30, Beech, Avenue, New, Basford, Nottingham, NG7 7LL
View on map
Download brochure
View EPC graph Key features
- Located on Beech Avenue, Nottingham NG7
- Nine self-contained flats: 8 × 1-bed, 1 × 2-bed
- Fully let with £66,665.40 per annum passing rent (Aug 2024 levels)
- Let to René House CIC, a supported accommodation provider
- 5-year lease in place providing secure income
- Modern kitchens and bathrooms throughout
- Excellent transport links to Nottingham city centre, QMC and universities
- Strong rental location with proven occupancy
- Low landlord costs (approx. £2,500 pa including insurance)
- 7.40% gross yield / 7.12% net yield at £899,950
Overview
FHP are pleased to present this fully let nine-unit residential investment located on Beech Avenue, within a strong and established rental area of Nottingham's NG7 district. The property comprises eight one-bedroom apartments and one two-bedroom apartment, all self-contained and well presented throughout.The block is fully income producing and let on a 5-year lease to René House Community Interest Company (CIC), a supported accommodation provider.
Following the August 2024 rent review, the current passing rent is £66,665.40 per annum, confirmed across the three buildings.
Signed Rent Increase Lease Adde…
Beech Avenue benefits from excellent access to shops, supermarkets and public transport routes, providing quick links to Nottingham city centre, the Queen's Medical Centre, Nottingham City Hospital and both university campuses. This location continues to attract strong rental demand and delivers stable occupancy.
With modest landlord costs of approximately £2,500 per annum including building insurance, the property provides an attractive 7.40% gross yield and 7.12% net yield at the guide price of £899,950. This is a low-maintenance, long-term investment opportunity in one of Nottingham's most resilient rental markets.
