Summary - 7, Colville Street NG1 4HQ
4 bed 1 bath End of Terrace
Vacant HMO near Arboretum — auction sale, ready for letting or refurbishment..
Four double bedrooms with current HMO licence for four occupants
A four-double-bedroom Victorian end-of-terrace with an existing HMO licence for four occupants, offered vacant and ready for immediate let or refurbishment. The property spans three floors with two reception rooms, a cellar for storage and a refitted modern kitchen; double glazing was installed post-2002 and gas central heating serves the home. Its central NG1 location sits close to the Arboretum, city-centre amenities, strong public transport links and university demand — a clear rental catchment for students or professionals.
This is an auction sale via the Modern Method of Auction. Buyers must complete within 56 days of the draft contract, sign a reservation agreement and pay a non-refundable reservation fee (4.5% of the purchase price, min. £6,600) plus a buyers’ information pack fee (£300). The property is offered with an undisclosed reserve price; interested purchasers should review the Buyer Information Pack and undertake their own due diligence.
There are material considerations for investors: the area records very high crime and very high deprivation, and the property's solid-brick walls likely lack cavity insulation. The house has one bathroom for four double bedrooms and will need ongoing management if let to students. These factors affect running costs, resale and tenant profiling but do not negate the rental demand in this central, well-connected neighbourhood.
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