Summary - 42 LACE STREET NOTTINGHAM NG7 2JG
4 bed 1 bath Semi-Detached
Four double bedrooms close to University of Nottingham — immediate income with tenancy in place..
Four double bedrooms with one en-suite WC and communal lounge/diner
Currently let; 51-week tenancy at £460/week for 2024/25 (exclusive)
Very close to University of Nottingham, QMC, tram and bus links
Small rear garden; compact overall plot and modest total size
Solid brick walls; assumed no cavity insulation, EPC D (55)
Residents’ permit on-street parking; no off-street parking
Above-average local crime rates — consider tenant screening
Gas central heating and double glazing; good communal facilities
Presented as a ready-made student rental, this four-bedroom semi-detached house sits moments from University of Nottingham and the QMC. Currently tenanted with a 51-week agreement for 2024/25 at £460 per week (exclusive of bills), it delivers immediate rental income and strong location appeal for student demand.
The property combines period character—bay-fronted living room and original coving—with practical modern updates such as a fitted kitchen, gas central heating and double glazing. Communal spaces include a lounge/diner, a ground-floor shower room and an additional WC off the attic bedroom, plus a private rear garden and eaves storage.
Key negatives are straightforward: the plot and overall property size are small, on-street parking operates via residents’ permits, and the local area records above-average crime levels. The walls are solid brick with assumed no cavity insulation, and the EPC currently rates D (55), which may limit future lettings efficiency and require improvement works to raise energy performance.
This is aimed squarely at investors seeking a near-university asset with immediate tenancy and clear student-market fundamentals. It needs only routine maintenance and targeted energy upgrades rather than wholesale refurbishment, making it suitable for a hands-on landlord or portfolio buyer focused on steady rental returns.
4 bedroom semi-detached house for sale in Ednaston Road, Dunkirk, NG7 2JF, NG7 — £290,000 • 4 bed • 1 bath • 900 ft²
3 bedroom semi-detached house for sale in Marlborough Street, Nottingham, Nottinghamshire, NG7 — £260,000 • 3 bed • 2 bath • 823 ft²
2 bedroom terraced house for sale in Dunkirk Road, Dunkirk, NG7 2LF, NG7 — £206,000 • 2 bed • 1 bath • 758 ft²
4 bedroom end of terrace house for sale in Heron Drive, Lenton, NG7 — £288,500 • 4 bed • 1 bath • 1002 ft²
2 bedroom terraced house for sale in Highfield Road, NG7 2JE, NG7 — £249,800 • 2 bed • 2 bath • 709 ft²
5 bedroom detached house for sale in Broadgate, Beeston, NG9 2FU, NG9 — £475,000 • 5 bed • 2 bath • 1206 ft²
