Summary - 39 Nugent Gardens NG3 3NB
5 bed 1 bath End of Terrace
Fully tenanted investment near Nottingham city centre with immediate income.
Five-bedroom HMO generating ~£19,680 annual rental income
This five-bedroom end-of-terrace HMO in NG3 is offered as a high-yield investment, currently producing approximately £19,680 per annum. Located a short walk from Nottingham city centre and local amenities, the property is fully tenanted, delivering immediate rental income for an active investor.
Accommodation is compact and practical: five bedrooms, a shared bathroom with separate W/C, a small mid-century kitchen and front and rear gardens. There is off-street parking and driveway space. Constructed in the late 1970s–early 1980s, the building has double glazing but dated finishes throughout and smaller room sizes.
Strengths include proven rental income, a city-centre location with excellent transport links, and freehold tenure. Material drawbacks are factual and important: the property is in a very deprived area with high local crime levels; many internal fittings are dated and will need modernisation; there is only one bathroom for five tenants; and the building is likely system-built with partial insulation, which may affect long-term maintenance or upgrade costs. The property uses a community waste-combustion heating scheme rather than individual gas central heating.
This is best suited to investors seeking a let-ready HMO with immediate yield and scope to add value through refurbishment. Buyers should factor in refurbishment costs, potential licensing or compliance requirements for HMOs, and the area's socio-economic challenges when assessing long-term returns.
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