Summary - 237a North Sherwood Street, NOTTINGHAM NG1 4EQ
11 bed 3 bath Detached
**Standout Features:**
- High rental income: currently let at £52,800 per annum (including bills) until Summer 2025.
- Unique investment: Converted from a public house into two Houses of Multiple Occupancy (HMOs) with 11 bedrooms.
- Development potential: Includes outbuildings with the possibility for future expansion (subject to planning permission).
- Prime location: Situated in a high-demand student area ensuring consistent occupancy.
- Modern amenities: Off-street gated parking and gas central heating for tenant comfort.
**Summary:**
This impressive 11-bedroom detached house, transformed from a former public house, offers an extraordinary investment opportunity in North Sherwood Street, Nottingham. With a robust rental income of £52,800 per year and an attractive 10.1% yield, this property is ideal for investors looking for a solid income stream. Each of the two HMO flats is designed to accommodate a large number of students, ensuring a high occupancy rate.
Boasting off-street gated parking and gas central heating, the property provides essential comforts for tenants. The surrounding urban area is rich with amenities, including schools, restaurants, and recreational facilities, making it highly appealing for students. Additionally, the outbuildings present potential for future development, offering further value to savvy investors.
Although the local area experiences high crime rates and is classified as deprived, the demand for student housing remains strong, promising significant rental growth potential. Don't miss this exceptional chance to secure a unique property with both stability and expansion opportunities in a bustling rental market.
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