16 bed detached house for sale

Waterloo Road, Nottingham NG7

2 x 8 Bedroom Student HMO Properties
Asking Price - £1,200,000 - 9.1% Gross yield - £84,375 per bed space
Currently let until August 2027
Beautifully positioned Semi-Detached residence with entrance overlooking a park
0.5 miles from ntu Campus

Student Living are delighted to offer this pair of stunning 8 bedroom HMO, in The Arboretum area of Nottingham, perfect for students at Nottingham Trent University.

Nottingham is a widely established 2 university city with an estimated student enrolment in excess of 80,000 with ntu being awarded Modern University of the year in 2023. Nottingham regularly appears as one of the UKs top areas for investment with competitive yields down to high rents and relatively low capital values.

The houses are located within a charming period row of substantial Victorian semi-detached properties, with a tranquil outlook overlooking a park, accessed either by Mount Hooton Rd or Southey Street. Nottingham Trent University is easily accessible for students with the main City Campus around 0.5 miles away.

The properties are mirrored versions of each other, benefitting from a generous entrance from the park as well as a secure and private entrance from Hardy Street. The ground floor consists a large lounge overlooking the park, a spacious double bedroom and shower room. Stairs lead down to the Kitchen and Dining Room as well as additional storage areas, with access to the rear garden with space for around 6 cars (shared with next door). 3 further double bedrooms and a shower room are located on the 1st floor, with a further bathroom set off the landing, with a similar layout to the 1st floor. The top floor contains a large bedroom and landing area totaling 8 double bedrooms, 4 shower rooms and a further WC.

The whole property boasts plenty of original features making for a homely feel, with tall bay fronted windows, high ceilings and large open hallways and landings.

Each property is rented for the current and upcoming academic 24/25 letting period for £160 pp pw inc bills, totaling £61,440 pa and £53760 after bills, a total of £122,880 (£107,520 exc bills)

This property is available for an asking price of £1,200,000 making for a gross yield of 9.1% at £84,375 per bed. Contact fhp Student Living to book your viewing.

Buyers should note that there has been a lapsed planning application to convert the storage areas on the lower ground floor to be converted into a 2 bedroom flat. Buyers should undertake their own further queries into this.