3 bed semi-detached house for sale

Cavendish Avenue, Nottinghamshire, Sherwood Nottingham NG5

Spacious Three-Bedroom Home | Tenanted Investment | Excellent Potential | Sought-After Sherwood Location

oiro £275,000

Key Features

• Offers In The Region Of £275,000
• Excellent investment opportunity with tenants in situ
• Currently achieving £1,100 pcm (approx. 4.8% gross rental yield)
• Tenants would prefer to remain but understand that notice may be served if required
• Three exceptionally spacious bedrooms
• Open-plan kitchen/dining room
• Flexible second reception room
• Driveway providing off-road parking
• Fantastic opportunity to extend or add further value (subject to the necessary consents)
• Sought-after Sherwood location
• Excellent local amenities and transport links
• Ideal for investors and families alike

Situated in a quiet position just moments from the heart of the ever-popular Sherwood, this deceptively spacious three-bedroom property offers generous accommodation throughout and presents an excellent opportunity for both investors and owner-occupiers alike.

The property is currently tenanted and generates a rental income of £1,100 pcm, providing an attractive gross rental yield of approximately 4.8% based on the asking price. This makes it an ideal purchase for investors seeking an income-producing property from day one.

The current tenants have expressed a preference to remain in the property, offering the potential for immediate, uninterrupted rental income, although they understand that notice may be served should a purchaser wish to occupy the property themselves.

Internally, the accommodation comprises an entrance hall, a spacious open-plan kitchen/dining room, perfect for modern family living and entertaining, together with a separate reception room, currently used as an additional bedroom, offering excellent flexibility depending on individual requirements.

To the first floor are three exceptionally spacious bedrooms and a family bathroom.

Externally, the property benefits from a driveway providing off-road parking and is ideally positioned close to Sherwood's wide range of independent shops, cafés, restaurants, supermarkets and excellent transport links into Nottingham City Centre and surrounding areas.

In addition to being a ready-made investment, the property also offers significant scope to enhance and add value.

Subject to the necessary planning permissions and building regulations, there is potential to extend or reconfigure the accommodation, making it an equally attractive opportunity for families looking to create their long-term home or property investors seeking to increase the property's value and future rental or resale potential.

EPC rating: D.

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