Summary - 7 MEADOW ROAD BEESTON NOTTINGHAM NG9 1JN
10 bed 10 bath House
Rare multi-unit investment near transport, university and hospitals.
- Licensed 8-bed HMO plus two new one-bed bungalows on same plot
- New Viessmann boiler and hot water system (Feb 2025) with 7-year warranty
- New driveway with EV chargers and off-street parking
- Three rooms already let; remainder being re-let room-by-room
- Two bungalows: internal fit-out due early December; separate utilities
- Projected income £81,360–£92,592pa; higher with short-term lets
- Sold unconditional at auction; 5% deposit and 4.8% buyer’s fee apply
- Solid brick Victorian fabric; assumed no cavity insulation in original walls
A rare high-yield opportunity close to Beeston town centre and transport links, this large Victorian semi offers an eight-bedroom licensed HMO plus two newly built one-bedroom bungalows on the same plot. Refurbishment and redevelopment were completed recently: a new Viessmann boiler and hot-water system (Feb 2025, seven-year warranty), external redecoration and repointing (Aug 2024), new driveway with EV chargers and off-street parking. The main house is being let room-by-room; three rooms currently let at £630pcm and the property previously achieved group income levels close to the stated target.
The two one-bedroom bungalows are new builds with separate utilities and driveway parking; internal fit-out is due for completion early December. The current income model projects £81,360–£92,592pa depending on letting strategy (long-term HMO vs higher-yield short-term lets). At present the HMO is being re-let progressively rather than sold fully let, so immediate income depends on successful take-up of remaining rooms.
Sale will be by unconditional public auction with binding contracts exchanged on the day. Buyers should factor in the auction deposit (5%, minimum £5,000) and buyer’s fee (4.8%, minimum £6,000 inc. VAT) payable in addition to the purchase price. Legal pack and special conditions should be checked before bidding. The property is freehold, newly renovated overall, and offers clear potential for an investor prepared to manage re-letting or operate short-term lets.
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