Summary - 3 Scarborough Street NG3 1LG
4 bed 1 bath House
Ready-income buy with upgrade potential for investors targeting student lets.
Four-bedroom HMO close to Nottingham City Centre and universities
A compact four-bedroom mid-terrace offered as an HMO in a city-centre fringe location, this property delivers immediate rental income and clear room-to-improve upside. It sits a short walk from Nottingham City Centre and within easy reach of universities and high-demand rental pockets, currently producing an advertised annual rental income of £19,680.
Internally the layout is traditional: ground-floor open-plan kitchen/diner, one ground-floor bedroom and separate WC, with three bedrooms and a bathroom on the first floor. The kitchen is serviceable but cluttered and would benefit from refreshing; the bathroom is modern and functional. Accommodation is small overall (approx. 958 sq ft) so room sizes suit HMO tenants or sharers rather than families seeking generous living space.
Practical strengths include a gated driveway with off-street parking, enclosed front and rear gardens, double glazing installed post-2002 and solar panels indicated externally. The property is freehold and in a relatively low-crime area with excellent mobile signal and fast broadband — strong operational factors for short-let or student tenancies. Construction is system-built with external insulation and served by a community heating scheme; buyers should consider surveys that cover fabric and services specific to this build type.
This is a straightforward investor purchase: buy-in for ongoing rental demand close to universities with obvious scope to increase returns through cosmetic upgrades, management efficiency, or reconfiguration. Notable negatives are the small overall size, location in a deprived local area classification (higher tenant turnover risk), and the need to refresh parts of the interior. These are realistic trade-offs for a property priced for investment return rather than owner-occupier space.
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