Spacious investment opportunity near university with renovation upside.
5 double bedrooms offering HMO or multi-let potential
Previously achieved approx. £550 per room per month when let
Freehold Victorian terrace with high ceilings and bay windows
Requires full renovation; sold as in need of refurbishment
Only one bathroom serving five bedrooms
Small rear patio; limited outdoor space and rear access gate
On-street parking only; no private parking or garage
High local crime and area deprivation — factor for lettings/values
A substantial five-bedroom Victorian terraced house in NG7, offered vacant on a freehold basis and sold at auction. The property retains period features such as bay windows and high ceilings, and sits close to Nottingham Trent University and the city centre, making it particularly attractive to investors seeking HMO or multi-let potential. A modern kitchen is in place, and the house previously achieved around £550 per room per month when let as a five-bed HMO.
The house requires renovation throughout; it is being sold as needing refurbishment and may need further works to bathrooms, electrics, decoration and internal finishes. There is only one bathroom for five bedrooms, and the small rear patio provides limited outdoor space. On-street parking only; no private parking or garage.
Local area factors should be considered: the neighbourhood is in a deprived area with high local crime levels and an urban cultural mix. Broadband speeds and mobile signal are reported as good, and there is convenient access to public transport and a wide range of local shops, services and amenities. Buyers must review the legal pack and be prepared for auction procedures and timelines.
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