Summary - 8, MAYFAIR WALK, OXFORD STREET NG10 1JR
3 bed 1 bath Block of Apartments
Immediate rental income with uplift potential near major transport links.
Freehold Victorian end-terrace converted into three flats generating ~£14,040 pa
This end-terraced Victorian property has been converted into three self-contained flats and is offered freehold at auction. Currently producing approximately £14,040 pa from mixed tenancies, it presents an investor-ready income stream with clear scope to increase rents after inspection and targeted refurbishment. Electric heating, hard-wired detectors and fire doors are in place; the property is classed as an HMO and requires periodic safety inspections rather than a licence.
Practical considerations: Flat C has no EPC and access has been restricted by tenants, so buyers should allow for survey and compliance costs. The building shows period character—high ceilings and original brickwork—but some internal updating and possible electrical or cosmetic works are likely. On-street parking is by Nottingham City Council permit (tenant cost) and there is no private parking.
Location supports lettings with nearby schools, shops and good transport links to Nottingham, Derby and East Midlands Airport. Note the wider area indicators: higher crime levels and economic deprivation may affect tenant mix and management effort. The property will be sold under auction conditions; bidders must review the legal pack, allow for the standard auction deposit and buyer’s fee, and factor in refurbishment and compliance costs when setting bids.
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