Summary - 21 NOEL STREET NOTTINGHAM NG7 6AQ
8 bed 2 bath Semi-Detached
Turnkey, fully let investment with tram stop outside.
Eight double bedrooms across three floors, c.2,300 sq ft
A ready-made, high-yield HMO in a prime student corridor, this Victorian semi delivers immediate income and minimal day-to-day work. Fully let for 2025/26 on 50-week licences at £140pppw, the property produces an advertised annual rental income of £56,000 (approx. 10.66% gross yield), across eight double bedrooms arranged over three floors.
The house blends period character with recent updates: high ceilings, bay windows and a large bay-fronted communal living room are paired with a mini refurbishment completed in 2024, full double glazing, a combi gas boiler and solar panels. Accommodation includes a ground-floor kitchen-diner and utility, four first-floor bedrooms with shower room and WC, three second-floor bedrooms and a separate bathroom. The freehold, c.2,300 sq ft layout is designed for maximised occupier privacy and practical student living.
Practical benefits include off-street parking, an EPC C rating and an immediate tenancy roll — useful for a hands-off investor. The tram stop is directly outside, improving lettability for students and commuters, and local amenities and transport links are plentiful.
Buyers should note material negatives: the property sits in an area with high crime and very high deprivation, and the plot and garden are small. There are only two bathrooms for eight bedrooms, which may affect future tenant mix or require reconfiguration if catering to a non-student market. Prospective purchasers should verify all figures and service condition independently and commission surveys as required.
8 bedroom semi-detached house for sale in Noel Street, Forest Fields, Nottingham, NG7 6AQ, NG7 — £495,000 • 8 bed • 2 bath • 2300 ft²
8 bedroom semi-detached house for sale in Addison Street, Nottingham, NG1 4HA, NG1 — £680,000 • 8 bed • 2 bath • 2256 ft²
6 bedroom terraced house for sale in Grove Road, Lenton, Nottingham, NG7 — £420,000 • 6 bed • 3 bath • 1476 ft²
8 bedroom semi-detached house for sale in Kimbolton Avenue, Nottingham, NG7 — £560,000 • 8 bed • 3 bath • 1744 ft²
7 bedroom semi-detached house for sale in Castle Boulevard, Nottingham, NG7 — £470,000 • 7 bed • 3 bath • 1487 ft²
4 bedroom terraced house for sale in Cromwell Street, Nottingham, NG7 4GL, NG7 — £320,000 • 4 bed • 1 bath • 1187 ft²
