Summary - Mansfield Road, Nottingham NG1 3FB
1 bed 1 bath Land
**Standout Features:**
- 4 commercial shops generating a current income of £68,850 per annum; estimated rental value (ERV) of £77,050.
- 18 Houses of Multiple Occupation (HMOs) producing £143,400 per annum, with potential for reversionary income of £220,450.
- Located in a vibrant student-friendly area near Nottingham City Centre.
- Freehold property with decent plot size, permitting flexibility for future renovation or extension.
- Good condition with recent upgrades and compliance with licenses and regulations.
**Key Considerations:**
- Very high crime rate in the area.
- Location in a less affluent district may impact market perception for some investors.
- No access to Bluecoat Close for the properties at the rear.
This exceptional investment opportunity features a mix of commercial and residential properties in a bustling, cosmopolitan student neighborhood. Currently generating a robust income of over £200,000 per annum, this freehold asset is strategically positioned near key amenities, including the Victoria Shopping Centre and various health and retail facilities, ensuring strong demand. Each HMO consists of 9 rooms with en suite facilities, all fully let with a nearly 100% occupancy rate, indicative of the high rental demand in the area.
Though the property benefits from a historical charm typical of Victorian architecture, proactive investors should note the local high crime rate and area deprivation. However, the property’s potential for further income growth and expansion, coupled with its condition and compliance with current regulations, makes it a compelling choice for seasoned investors or those looking to enter the thriving rental market. Don’t miss out—properties like this, with high yield potential and in such proximity to educational institutions, are rare and in demand.
3 bedroom house share for sale in HMO FLAT & SHOP - Mansfield Road, Nottingham NG1 3FQ, NG1 — £360,000 • 3 bed • 2 bath • 1486 ft²
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