4 bed flat for sale

The Old Schoolhouse, Ilkeston Road, Nottingham NG7

This impressive freehold investment opportunity comprises a substantial period building that has been successfully configured into four self-contained studio apartments, producing a strong combined rental income of £2,383.33 per calendar month, reflecting an attractive 8.17% yield. The property is ideally suited to investors seeking an immediately income-generating asset with multiple revenue streams from a single purchase.

Property summary This impressive freehold investment opportunity comprises a substantial period building that has been successfully configured into four self-contained studio apartments, producing a strong combined rental income of £2,383.33 per calendar month, reflecting an attractive 8.17% yield. The property is ideally suited to investors seeking an immediately income-generating asset with multiple revenue streams from a single purchase.

Each studio is arranged to provide independent living accommodation, with its own private kitchen area and en-suite shower room, ensuring excellent tenant appeal and consistent demand. The studios are well-proportioned and thoughtfully laid out to accommodate a sleeping area, workspace and living space, creating practical and comfortable environments for students, professionals and single occupants.

Studio One is the largest unit and benefits from a particularly generous open-plan living and sleeping area, complemented by a fitted kitchenette and separate shower room. Its size and flexibility typically command a strong rental figure and contribute significantly to the overall return.

Studios Two, Three and Four are all well-configured self-contained units, each offering a defined studio room, private kitchen facilities and en-suite shower rooms. The layouts maximise usable space while remaining easy to maintain, making them ideal for long-term letting.

The property is presented in a clean, neutral style throughout, supporting ease of re-letting and minimal refurbishment between tenancies. The consistent specification across all four studios also allows for streamlined management and predictable maintenance costs.

Offering a total income of £2,383.33 pcm and an excellent 8.17% yield, this property represents a compelling turnkey investment opportunity for landlords seeking strong returns, diversified income within a single asset, and reliable long-term rental performance.

Location summary The Old Schoolhouse, 203A Ilkeston Road is positioned in the heart of Lenton, one of Nottingham's most established and consistently high-performing rental locations, making it an excellent proposition for investors seeking strong and reliable tenant demand. This vibrant area is particularly popular with students and young professionals, driven by its close proximity to both the University of Nottingham and Nottingham Trent University, which helps underpin year-after-year occupancy and minimises the risk of prolonged void periods. Ilkeston Road itself is a well-connected main route with regular public transport services, offering swift access to Nottingham city centre and key employment and leisure destinations. A wide range of shops, supermarkets, cafes and everyday amenities are all within easy reach, further strengthening the property's appeal to tenants. The combination of a proven rental hotspot, excellent connectivity and enduring demand from multiple tenant groups makes this a compelling location for investors seeking long-term income security and future growth potential.

Studio one The largest of the four studios, Studio One offers a generously proportioned open-plan living and sleeping area, providing ample space for a double bed, desk and additional seating. The room benefits from excellent natural light, creating a bright and welcoming environment. A fitted kitchenette is positioned to one side, offering practical cooking facilities, while a private en-suite shower room completes the accommodation. Owing to its size and flexible layout, this studio typically commands strong tenant interest and a premium rental figure.

Studio two Studio Two is a well-arranged self-contained unit featuring a comfortable open-plan studio room with space for both living and sleeping, along with a dedicated kitchen area. The layout is practical and efficient, ensuring good separation between the main living space and the private en-suite shower room. This studio is ideally suited to students or single professionals seeking independent accommodation, contributing to consistent demand.

Studio three This studio offers a bright and functional open-plan living and sleeping area, complemented by a fitted kitchenette and private en-suite shower room. The configuration maximises usable space while remaining easy to maintain, making it an attractive option for single occupants. The straightforward layout supports strong letting potential and reliable long-term occupancy.

Studio four Studio Four mirrors the successful format of the other units, providing an open-plan studio room, its own kitchen facilities and a private en-suite shower room. The space is well-proportioned and presented in a neutral style, appealing to a broad tenant base. This studio forms an important part of the overall income profile and benefits from the same strong rental appeal as the remaining units.

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Disclaimer Money Laundering Regulations: Tristram's ask intending purchasers to produce identification documentation. Any delay in receiving this information may cause a delay in agreeing a sale.

Measurements: The room sizes are approximate and are only intended as a guide to the size of the property. We would advise you to verify any measurements that you may require.

Services: Please note Tristram's do not test services, any equipment or appliances in the properties that we market, therefore we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.

These particulars are issued in good faith as a guide to prospective purchasers, they do not constitute representations of fact or form part of any offer or contract. The particulars of any property we market should be independently verified by prospective buyers. Neither Tristram's Property Services Ltd nor any of its employees or agents has any authority to make or give any representation or warranty whatsoever in relation to this property. Tristram's has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

While we endeavour to make our sales particulars as fair, accurate and reliable as possible, they are only a general guide for prospective purchasers, therefore if there is any point which is of a particular importance to you, please contact the office and we will be pleased to look into this for you.