Summary - 31 CROMWELL STREET NOTTINGHAM NG7 4GL
5 bed 1 bath Terraced
Ready-to-rent HMO near university with immediate income potential.
Valid HMO licence and configured for 4/5 tenants
A newly refurbished 4/5-bedroom mid-terrace in the Arboretum/Cromwell Street area, offered chain-free with a valid HMO licence. The property has been prepared for shared living: five lettable bedrooms, a stylish kitchen, a large basement for storage, and one spacious bathroom. Its central location near Nottingham Trent University and local amenities gives it immediate appeal to students and young professionals.
Financially this is set up as an income asset. The current forecast rent at about £110/person/week (48-week contracts) produces an estimated gross annual income of £21,120 and a reported gross yield around 8%. Council tax is in Band A (low), and the EPC is D. The home runs on mains gas with boiler/radiator heating, and double glazing is fitted.
Buyers should note the property sits on a small plot with a low-maintenance garden and a solid-brick Victorian build assumed to lack cavity insulation. There is only one bathroom for up to five occupants, and the wider area records very high crime levels — both important operational considerations for landlords. The EPC D rating and assumed wall insulation absence indicate potential energy-efficiency upgrade costs.
Overall this is a turn-key HMO investment in a strong student/young-family neighbourhood, offering immediate rental income and room for uplift through energy improvements and management strategies to mitigate local crime-related risk.
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