This freehold investment presents a valuable opportunity, featuring a detached three-bedroom Coach House alongside three self-contained apartments, all located in a prime area near Nottingham city centre. The property currently generates an impressive annual income of approximately £60,000, providing a strong yield of over 7.5% with potential for further financial improvement through renovation and strategic rental adjustments. The existing mix of tenants includes both long-term ASTs and short-term lets via Airbnb operators, providing stability and diversified cash flow.
What sets this property apart is its substantial upside potential; there is an unconverted basement that could be developed (subject to planning), as well as a large front car park which may offer additional development opportunities (also subject to planning permissions). Current rents are considered below the market average, especially for the ground-floor apartment, which suggests significant room for rental realignment and enhancement.
The attractive Victorian architecture sets this block in a desirable residential setting with excellent transport connections and close proximity to the vibrant Nottingham city centre. Given the strong demand for rentals and rising property values in this area, this investment yields not only immediate returns but also promising prospects for capital growth. This freehold block offers multiple income streams paired with considerable value-add potential, making it ideal for investors focused on both yield and long-term asset appreciation.
