6 bed block of flats for sale

Radford Boulevard, Nottingham NG7

Beautifully Presented Turn-Key Residential Investment Opportunity Comprising A Substantial Three-Storey Period Property Arranged As Two Separate Rental Apartments Collectively Offering Six Bedrooms And Generating An Impressive Gross Rental Income Of £36,000 pa

PDM Estates are proud to present this excellent residential investment opportunity, comprising a substantial three-storey period property arranged as two separate rental apartments, collectively offering six bedrooms and generating an impressive gross rental income of £36,000 per annum.

Situated along Radford Boulevard, within convenient reach of Nottingham City Centre and the city's major universities, the property presents an attractive opportunity for investors seeking an established income-producing asset with two independently managed rental units. The accommodation extends to approximately 1,658 sq. Ft. (154 sq. M.), as indicated on the accompanying floor plan, with additional cellar accommodation providing useful storage space. The property is accessed via a shared main entrance, with separate internal entrances serving each apartment.

Ground Floor – Two-Bedroom Apartment

The ground-floor apartment offers well-proportioned accommodation comprising two bedrooms, a fitted kitchen/dining room and a bathroom. The principal bedroom benefits from an attractive bay window, allowing natural light to fill the space, while the kitchen/dining room provides a practical arrangement of fitted cabinetry, worktop space and cooking facilities. Both bedrooms offer comfortable accommodation, with the apartment further benefiting from a bathroom fitted with a bath, wash basin and WC.

First & Second Floors – Four-Bedroom HMO

Occupying the upper two floors, the second apartment provides four-bedroom HMO accommodation, arranged across the first and second floors. The first floor comprises two bedrooms, a separate lounge, fitted kitchen/dining room and shower room, together with an additional WC. The kitchen offers a range of fitted wall and base units, integrated cooking appliances and space for everyday dining, while the separate lounge provides a dedicated communal living area. The second floor accommodates a further two bedrooms, completing the four-bedroom arrangement.

This configuration provides tenants with dedicated communal facilities alongside individually arranged bedrooms, making the accommodation particularly suitable for shared occupation.

Investment & Licensing

A particularly attractive feature of the property is its configuration as two separate rental units within one freehold-style building, allowing investors to benefit from two independent income streams. Both apartments benefit from separate utility meters and services, facilitating independent utility arrangements and management.

Furthermore, the property benefits from an HMO licence for the upper-floor accommodation and a selective licence for the ground-floor apartment, providing an established licensing arrangement for the current rental configuration.

Price Guidance & Rental Performance

The property is offered to the market at an asking price of £290,000.

With a combined gross rental income of £36,000 per annum, the investment offers an attractive gross rental yield of approximately 12.4%, calculated against the asking price.
EPC


EPC Rating Flat 1 - C (Please find attached)
EPC Rating Flat 2 - D (Please find attached)

Location

Radford is a well-established and popular residential area of Nottingham, particularly favoured by students, young professionals and those seeking convenient access to the city centre and its surrounding amenities. The property occupies a convenient position along Radford Boulevard, within easy reach of Nottingham City Centre, offering access to an extensive selection of shops, restaurants, cafés, entertainment venues and leisure facilities.

The location is particularly appealing for the student rental market, benefiting from excellent accessibility to both Nottingham Trent University and the University of Nottingham, two major educational institutions that contribute significantly to the city's rental demand. Everyday conveniences are well catered for, with a variety of local supermarkets, independent retailers and essential amenities situated throughout the surrounding neighbourhood. The area also benefits from established public transport connections, providing convenient access to the city centre, university campuses and wider Nottingham area.

Services

Mains electricity, drainage and water are understood to be connected. The property benefits from gas central heating.

Local Authority

Nottingham City Council

Important Information

Making An Offer: As part of our service to our vendors we ensure that all potential buyers are in a position to proceed with any offer they make and would therefore ask any potential purchaser to speak with our Mortgage Advisor to discuss and establish how they intend to fund their purchase. Additionally we can offer Independent Financial Advice and are able to source mortgages from the whole of the market helping you secure the best possible deal and potentially saving you money. If you are making a cash offer we will ask you to confirm the source and availability of your funds in order for us to present your offer in the best possible light to our Vendor.

Property Particulars: Although we endeavour to ensure the accuracy of property details we have not tested any services heating plumbing equipment or apparatus fixtures or fittings and no guarantee can be given or implied that they are connected in working order or fit for purpose. We may not have had sight of legal documentation confirming tenure or other details and any references made are based upon information supplied in good faith by the Vendor. Any proposed rental figures are speculative based on comparable market data and knowledge of the local rental market. These values should not be relied upon.

Floor Plans: Purchasers should note that if a floor plan is included within property particulars it is intended to show the relationship between rooms and does not reflect exact dimensions or indeed seek to exactly replicate the layout of the property. Floor plans are produced for guidance only and are not to scale.