Summary -
23 Noel Street,NOTTINGHAM,NG7 6AQ
NG7 6AQ
8 bed 2 bath Semi-Detached
Turnkey, transport-linked HMO delivering strong student rental income..
- Turnkey 8-bedroom HMO producing c.£56,000pa income
- Mini refurbishment completed in 2024; modern communal kitchen-diner
- Solar panels and EPC rating C reduce energy costs
- Directly outside tram stop; excellent public transport links
- Off-street parking — valuable in this location
- Only two bathrooms for eight bedrooms — limited facilities
- Small external plot and limited outdoor space
- High local crime and significant area deprivation
A high-yield, turnkey HMO in Forest Fields designed for investor appeal. The semi-detached Victorian house spans about 2,300 sq ft across three floors and was subject to a mini refurbishment in 2024, leaving modern communal spaces, an updated kitchen-diner and new windows. Located directly outside the tram stop, it benefits from excellent public transport links and on-site solar panels that help reduce running costs.
Currently fully let on a 50-week contract at £140 per person per week, the property produces a gross income of approximately £56,000 a year (around a 10.66% gross yield). Layout and room sizes have been arranged for high-occupancy student rental: eight double bedrooms, communal living room, kitchen-diner, laundry/utility and two bathrooms across the floors. Off-street parking is a notable practical advantage in this area.
Buyers should note material considerations plainly: there are only two bathrooms serving eight bedrooms, the plot and external space are small, and the local area records high crime levels and significant deprivation. These factors can influence tenant turnover, insurance and management costs. EPC C and solar panels are positives for compliance and energy efficiency, but all buyers are advised to obtain independent surveys and to verify service installations and tenancy paperwork.
For investors seeking a largely hands-off income stream in a popular student market, this property offers immediate rental returns and proven demand. However, expect active management due to the density of occupancy and local area challenges, and factor potential higher operating costs into long-term yield calculations.
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