This notable six-bedroom, two-bathroom HMO presents a compelling investment opportunity in one of Nottingham's most established student areas. Currently generating an annual income of £36,575, with a gross yield of 11.08%, the property showcases ample potential for revenue enhancement through various upgrade options.
The interiors are remarkably spacious and retain many original features that could be refreshed for modern appeal. Each bedroom offers the possibility of reconfiguration to include en-suite facilities, which aligns with current trends in student accommodation and can significantly elevate rental values. Additionally, the property's large basement is an untapped asset that could be developed (subject to necessary approvals) to provide extra living space or improved communal areas, further boosting its income-generating capabilities.
Situated within walking distance to major university campuses and local amenities such as supermarkets, eateries, and transport links including trams and buses, this property is ideally positioned for both student renters and investors. With easy access to key roads like the A52 and Nottingham Ring Road alongside free on-street parking, its accessibility is an added advantage.
Having been held by the same family for over two decades with consistent occupancy by students, this property represents not only immediate financial returns but also considerable long-term growth potential in a competitive rental market. Investors looking for sizeable HMOs with real scope for improvement will find this opportunity increasingly rare in Nottingham.
For further details on financial performance or to arrange a viewing, please contact our team.
