Summary - 7 REDCLIFFE ROAD NOTTINGHAM NG3 5BW
9 bed 6 bath Detached
High-yield freehold with conversion upside for active investors.
£60,000pa gross rent roll, approx. 7.5% initial gross yield
Fully let: detached coach house plus three self-contained apartments
Large unconverted basement offering conversion potential (STP)
Substantial private off-street car park; possible redevelopment (STP)
Mix of company lets, Airbnb and ASTs — income stability and complexity
Some ASTs currently below estimated market rent — uplift potential
Period Victorian features and high ceilings throughout spacious rooms
Located in inner-city, deprived area — higher management and turnover risk
This substantial Victorian freehold on Redcliffe Road offers a fully let, income-producing block ideal for yield-focused investors. Comprising a detached three-bedroom coach house and three self-contained apartments, the current rent roll is approximately £60,000 per year with an initial gross yield around 7.5% at the asking price. Generous room sizes, high ceilings and period features give the building strong tenant appeal and notable letting flexibility.
Value-add potential is clear: a large unconverted basement and sizeable private car park present scope for conversion or redevelopment (subject to planning). Several apartments are let below estimated market rent or under company/Airbnb arrangements, so income can be enhanced through rental re-alignment, cosmetic upgrades or longer-term tenancies. The mix of long-term ASTs and short-term lets already provides diversification of income streams.
Be realistic about location and condition factors. The property sits in an inner-city, cosmopolitan neighbourhood with high rental demand but an area-classified level of deprivation; this can influence tenant turnover and management requirements. Some accommodation is operating under company lets and short-term management arrangements—prospective purchasers should review tenancy terms, checks on services and compliance, and confirm the scope and cost of any necessary works prior to purchase.
Overall this is a rare freehold opportunity combining immediate income with tangible upside from conversion, refurbishment or re-letting. It will suit an investor comfortable managing a multi-let period block and pursuing medium-term capital uplift through targeted interventions.
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