6-bedroom house · NG7 4BJ
Listing removedListed 119 days
Opportunity summary
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About
Fully Let Until 2026 – 6-Bed HMO | £43,680 Income | 9.5% Yield | Strong ntu Demand Already let through to summer 2026 at £140pppw (inclusive of bills), this well-positioned end-terrace HMO offers guaranteed returns and long-term stability in a prime student location.
Fhp Student Living presents this modern and well-proportioned 6-bedroom townhouse located less than a mile from Nottingham Trent University (ntu) Campus.
Situated on a popular modern development, the property offers excellent access to bus and tram routes into the City Centre, making it highly attractive to student renters.
The property is set off Southey Street, which leads up to Burns Street after crossing Forest Road West.
Property Features: 6 Double Bedrooms – evenly sized 2 Modern Bathrooms – 1 per upper floor Spacious Open Plan Kitchen and Dining Room Separate Communal Lounge White Goods Included – American-style fridge freezer, washer and separate dryer Flat-Screen TVs in Every Bedroom 2 Allocated Parking Spaces Located within a modern estate (circa 10–12 years old) Excellent transport links and walking distance to ntu Investment Highlights: Tenancy for 2024/25: Fully Let at £140pppw (Inclusive of Bills and Internet) Gross Annual Rent: £43,680 (6 tenants × £140pppw × 52 weeks) Operating Expenses (Estimated at 15%): £6,552 Net Annual Income: £37,128 Asking Price: £460,000 Gross Yield: 9.49% Net Yield: 8.07% A strong turnkey HMO investment in a reliable letting location, 2 Gadd Street offers an ideal balance of rental performance, condition, and proximity to the city's main university campus.
2 Gadd Street, 54 Peveril Street & 56 Peveril Street can all be offered as a portfolio sale.
Portfolio Summary: Total Gross Annual Rent: £134,160 Total Net Annual Income: £114,036 Total Asking Price: £1,420,000 Combined Net Yield: 8.03% 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
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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.
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FAQ
About 2, Gadd Street, Nottingham
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