Summary - 99 CASTLE BOULEVARD NOTTINGHAM NG7 1FE
7 bed 3 bath Semi-Detached
Turnkey seven-bedroom income property near universities and city amenities.
Licensed 7-bed HMO with lawful sui generis use certificate
A substantial Victorian redbrick end-terrace arranged over three storeys, currently operating as a fully licensed 7-bedroom HMO. The property produces a gross annual income of £46,900 (inclusive), representing an approximate 10% gross yield at the asking price, and is let to students until summer 2026 — offering immediate, turnkey rental income for a buyer seeking an income asset.
Accommodation is well-proportioned and practical for shared living: seven bedrooms, a large communal living room, a separate fitted kitchen and three bathrooms plus an extra W.C. The layout and room sizes suit continued HMO use, and the building appears well maintained internally and externally, retaining period features such as sash windows and slate roofs.
Practical positives include freehold tenure, mains gas central heating with boiler and radiators, double glazing and fast broadband/mobile signal — all important for student tenants. The small rear yard offers potential to create off-street parking, subject to consents, which could improve demand and rents. The location on Castle Boulevard places the house within walking distance of Nottingham city centre, both universities and QMC, with strong public transport links.
Notable considerations: the property is in a high-crime area and sits on a relatively small plot. The building is pre-1900 with solid brick walls and assumed no added wall insulation — buyers should budget for potential energy-efficiency upgrades. The HMO tenancy runs to summer 2026, so any change of use or vacant possession would require planning and notice periods. All refurbishment or parking conversions will need the necessary permissions.
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