Summary - 224 DERBY ROAD NOTTINGHAM NG7 1NQ
7 bed 5 bath Terraced
Fully furnished, let for 2025/26 — strong income in a prime student location..
- Seven-bedroom HMO, fully furnished and let for 2025/26 academic year
- Advertised gross income £58,239.96; gross yield ~9.39%
- Mains gas central heating and double glazing (installation date unknown)
- Multiple en‑suites and two Jack & Jill shower rooms
- Small courtyard gardens front and rear; low external maintenance
- Solid brick walls likely uninsulated — potential energy upgrade costs
- Cellars present but conversion needs planning consent and works
- Area: student neighbourhood, above‑average crime and higher deprivation
A seven-bed mid‑terrace Victorian property arranged over three floors, offered as a fully furnished HMO and let for the 2025/26 academic year. Current gross income £58,239.96 (rent + utilities), showing an advertised gross yield of about 9.39% on the £600,000 asking price. Accommodation includes multiple en‑suites, two Jack & Jill shower rooms, a ground‑floor lounge, open‑plan kitchen/diner, utility room and cellar space with conversion potential subject to consents.
The building benefits from mains gas central heating and double glazing (install dates not specified). Small courtyard gardens front and rear minimise upkeep and the property sits within easy reach of Nottingham City Centre, Nottingham Trent University, the QMC and tram links — making it well placed for student demand. Sold with existing furniture and fittings, so it can continue as an income stream from 1 July 2025.
Material points to note: the terrace is an early 20th‑century solid brick build and walls are assumed to be uninsulated, which could affect energy performance and future maintenance costs. The area is classified as a cosmopolitan student neighbourhood with above‑average crime and higher area deprivation; that profile supports steady student lettings but may influence insurance and management requirements. Cellar conversion would need planning and compliance work. Council Tax Band D; EPC C.
Overall this is a hands‑on HMO investment: strong current income and location appeal for students, but expect ongoing management, potential energy upgrade costs and suitability considerations linked to the local area profile.
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