This well-maintained 6-bedroom HMO presents a solid opportunity for investors and renovators alike. Generating an impressive annual income of £40,560, this property boasts a gross yield of 10.8%, making it a valuable addition to any investment portfolio. It is compliant with Article 4 regulations and holds an EPC rating of Grade C, ensuring the property meets current rental legislation without immediate need for energy upgrades. With a full 5-year licence in place until November 2029, the new owner can confidently manage this asset from day one.
The potential for development is noteworthy; the full-height basement offers conversion possibilities into a self-contained garden flat (subject to planning permission), enhancing income generation. Additionally, the internal layout provides scope for reconfiguration to accommodate up to 8 bedrooms if desired (also subject to planning). The location in Forest Fields, close to Nottingham Trent University, allows for flexibility in tenant choice—retain the existing professional tenants or pivot towards student rentals to take advantage of local demand.
Overall, this property combines immediate cash flow with various avenues for future enhancement and substantial returns on investment.
