Summary - 1b Radford Grove Lane NG7 5QB
5 bed 1 bath House of Multiple Occupation
Live trading Airbnb and long-let income near city centre transport.
Freehold five-bedroom HMO plus separate one-bedroom flat
A freehold multi-unit property arranged as a five-bedroom HMO plus separate flat, currently trading as an Airbnb block and a long-let unit. Recent upgrades include a newly fitted combi boiler and oak internal doors; double-glazed windows are installed and the property is presented with modern decor throughout. Reported trading performance shows strong occupancy with an estimated combined income figure quoted, reflecting high short‑stay demand close to the city centre.
This is a clear income-focused opportunity for investors seeking an operational HMO/short‑let asset. The layout splits into Unit 1b (four furnished, rentable rooms with shared shower/kitchen facilities and hardwired broadband) and Unit 1a (a self-contained flat with bay-fronted room and separate facilities). External space is low-maintenance with a small landscaped front garden, two storage sheds and a carport providing off‑street parking.
Buyers must note material considerations: the sale is by auction (postponed from the listed date and likely to reappear), contracts exchange on sale, and there are non-refundable auction fees plus a 10% deposit. The local area shows higher crime levels, significant deprivation and a medium flood risk—factors that affect management and insurance costs. EPCs are listed as C and D; confirm exact ratings per unit in the legal pack.
Suitable for investors aiming for immediate income or an operator wanting to continue short‑stay lets, the property benefits from excellent transport links and nearby amenities. Before bidding, review the Legal Pack carefully for special conditions, occupancy licences, and confirmation of the reported income figures and title details.
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