This property presents a valuable opportunity for investors seeking a licensed four-bedroom House in Multiple Occupation (HMO) in Nottingham's established student area of The Arboretum. Located just a short five-minute walk from Nottingham Trent University, the home is well-positioned to attract tenants and capitalize on the demand for student housing.
Currently let for the 2025/26 academic year at £100 per person each week over a 48-week tenancy, plus an additional £200 retainer during August, this property generates a total gross annual rent of £20,000, translating to an appealing yield of 7.1% based on the guide price.
The layout includes four generously sized double bedrooms, alongside communal spaces such as a shared kitchen/diner and a first-floor lounge. The bathroom facilities are also shared among residents. Notably, the full-height basement presents significant renovation potential; while currently lacking natural light, it could be transformed into a popular cinema room or additional living space. Similarly, the loft area is unconverted and offers further development possibilities pending planning approval.
Situated within Nottingham City Council's Article 4 direction area and benefiting from its HMO license under the Additional Licensing Scheme, this property is ideal for those looking to maximize investment potential in a desirable location. The freehold status adds another layer of appeal for prospective owners.
In summary, this property not only serves as an income-generating asset but also has considerable scope for enhancement through renovations, catering to modern living demands and increasing overall value.
