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See how verdicts workTerraced house · NG6 0EP
For saleListed 31 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offers Invited at £500,000 - £525,000. Contact FHP Property Consultants for more information. Freehold Mixed Commercial and Residential Investment For Sale VAT exempt.
Suitable for a variety of uses subject to pp.
Nottingham is a major provincial city in the East Midlands with substantial interests in retail, manufacturing, education, call centres, warehousing and distribution.
Nottingham has a population of circa 275,000, 90,000 students, a leisure catchment of 750,000+ and a retail shopping catchment of approximately 2,000,000.
Wallis Street is situated off Arnold Road Basford . It is located on the north-west fringe of Nottingham City Centre in a mixed commercial and residential area outside the City’s ring road.
More specifically this area comprises predominantly of industrial and trade counter uses together with a substantial element of residential, traditional housing.
This property occupies a prominent site on the east side of Wallis Street which is a small cul-de-sac off Arnold Road. The property comprised a former bakery erected in 1890 or thereabouts.
The property consists of a two-storey main section, to the rear of which there is an extension and further single storey buildings.
The front building has been converted into three self contained apartments.
The rear sections have been converted into eight storage units occupied as three tenancies, together with a Mews Flat above Units 1, 2 and 3 to the rear.
The buildings are of 9” brick construction under a probably slate covered, timber roof to the front section. Part of the rear sections have been surfaced with concrete tiles.
The windows are a mixture of wood casement together with some UPVC sections. Two of the flats are approached from Wallis Street, with a further flat through the central archway.
Storage Units 1, 2 and 3 are let to one tenant. Units 4, 5 and 6 are let to one tenant together with the Mews Flat. Units 7 and 8 are let as one unit.
All the units are self contained and have the benefit of a concrete surfaced communal yard shared by all the occupants.
To the rear of the site there is a canopy over Units 7 and 8 and the Mews Flat, providing unloading cover.
Disclaimer Note & Money Laundering - These sales particulars have been prepared by FHP Living on the instruction of the vendor.
Services, equipment and fittings mentioned in these particulars have NOT been tested, and as such, no warranties can be given.
Prospective purchasers are advised to make their own enquiries regarding such matters. These sales particulars are produced in good faith and are not intended to form part of a contract.
Whilst FHP Living have taken care in obtaining internal measurements, they should only be regarded as approximate.
Purchaser information - Under the Protecting Against Money Laundering and the Proceeds of Crime Act 2002, FHP Living require any successful purchasers proceeding with a purchase to provide two forms of identification i.e.
passport or photocard driving license and a recent utility bill. This evidence will be required prior to FHP Living instructing solicitors in the purchase or the sale of a property.
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Wallis Street, Nottingham
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