Dual HMO income near University of Nottingham — tenanted, furnished, ready to earn..
Seven bedrooms across two lettable units under one freehold
A rare HMO investment in NG7 combining two lettable units under one freehold — a large multi-bed house and a licensed two-bedroom annex. Both buildings are fully furnished and currently let on 51-week leases, producing immediate income and reducing void risk for the next academic year. Location is a core attraction: close to the University of Nottingham with strong transport links for students.
The main house provides five lettable bedrooms plus an extra sixth room suitable as a study, with two bathrooms. The annex is a separately licenced two-bedroom unit with one bathroom, creating two distinct income streams within one footprint. Garage parking and a decent plot are helpful extras for management and future adaptation.
Be candid about condition and context. The property dates from the 1930s with solid brick walls likely lacking cavity insulation, original mid-20th-century internal features and double glazing of unknown age; the living areas show dated wear and will benefit from refurbishment to maintain rental appeal. The immediate area is a cosmopolitan student neighbourhood but records very high local crime — essential to factor into management, insurance and tenant security costs.
This is best suited to experienced HMO investors or portfolio buyers who want immediate yield and see value in upgrading fabric and energy performance to improve margins. The freehold title, existing tenancy structure and proximity to the university make this a practical, income-focused purchase, but plan for refurbishment spend and tighter management given the local crime profile.