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See how verdicts workHouse · NG7 7EA
For saleListed 131 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Substantial former commercial premises and site with Full Planning granted for conversion and new build to create 71 units with 136 rooms.
The vendor will give consideration to offers submitted subject to obtaining a satisfactory planning consent to vary the existing permission from purpose-built student accommodation (PBSA) to a private residential rented sector (PRS) scheme.
Interested parties seeking an alternative residential development approach are invited to submit proposals outlining their intended scheme, with the vendor willing to consider conditional offers subject to securing the necessary planning approvals and consents.
Situated in a prime location being just 1.5 miles from the NTU City Campus, 2.5 miles from the University of Nottingham Jubilee Campus and 3 miles from the Queens Medical Centre.
A rare opportunity to acquire this prominent conversion/development opportunity with full planning enabling the purchaser to begin work immediately.
Based on the current planning the property will provide the following: Conversion and Extension of Mill 57 x studio rooms 3 x self-contained apartments 2 x 4 en-suite bedroom apartments 5 en-suite bedroom town house New Build Development 6 en-suite bedroom duplex accommodation 6 x 9 en-suite bedroom town houses
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Radford Road, Nottingham, NG7 7EA
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