Summary - 429 WOODBOROUGH ROAD NOTTINGHAM NG3 5FF
5 bed 5 bath Semi-Detached
Turnkey income property near Mapperley High Street, ideal for single-tenancy rentals.
Five self-contained studio apartments producing £38,000+ per annum
A substantial Edwardian semi in NG3, converted into five self-contained studio apartments with an established rental income of over £38,000 pa. The building’s bay windows, slate roof and period detailing give genuine character that appeals to renters and adds curb appeal on Woodborough Road. The property is freehold and sits on a decent plot with a maintained communal garden, close to Mapperley High Street and easy city access.
This is a straightforward investment play: five self-contained units, double glazing installed post-2002, mains gas heating and fast broadband/mobile signal make the flats market-ready for students, professionals or sharers. The current gross yield based on the supplied price is attractive for a multi-let in this area of multi-ethnic professionals and families.
Notable drawbacks are practical and clear: the solid-brick walls are assumed uninsulated and will need upgrading to meet future energy standards, and the area records above-average crime which may affect tenant demand and insurance. Some rooms and kitchen spaces are small, so the units work best for single occupiers rather than couples. Council tax banding and some operating costs are not provided and should be checked.
Overall this property suits a buyer seeking an income-producing, period building with immediate cashflow and medium-term improvement potential. Budget for thermal upgrades, check local management or void history, and verify all tenancy agreements and outgoings before purchase.
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