An attractive and substantial three-storey redbrick Victorian property, currently operating as a fully licensed 7-bedroom HMO with certificate or lawful use as sui generis 7-bed HMO . Let to students until summer 2026, the property generates a gross annual income of £46,900 (inclusive), delivering a strong gross yield of approximately 9.5%.
The property is well-maintained and benefits from spacious and functional communal areas, including a generously sized lounge, a well-equipped separate kitchen, and three modern bathrooms plus extra w.c. To the rear is a small private yard, offering potential for conversion into off-street parking (subject to the necessary consents).
Located on the popular Castle Boulevard, the property is perfectly positioned for both students and professionals. It offers easy access to Nottingham city centre, Nottingham Trent University, the University of Nottingham, and the QMC Hospital. Excellent transport links are nearby, including regular bus routes and tram access, with a wide range of local shops, amenities, and green spaces within walking distance.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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