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See how verdicts work4-bedroom flat · NG7 4DS
Listing removedListed 287 daysAuction 18 Jun · ended
Opportunity summary
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About
An opportunity to acquire a virtual freehold (999 year long leasehold) for a pair of three-storey semi-detached properties, to include three vacant self-contained one-bedroom flats on Burns Street and an additional vacant one-bedroom flat on Tennyson Street.
Situated in the heart of the Arboretum, a short walk from Nottingham Trent University City Campus.
For Sale by Public Auction on 18/06/2026 at Nottingham Racecourse, Colwick Park, Nottingham NG2 4BE £260,000 Long leasehold (virtual freehold) of two three-storey properties Comprising a combined 6 x 1-bed flats 2 x flats in 2 Tennyson Street are subject to Long Leaseholds Set within a well-established residential neighbourhood Positioned in the centre of the Arboretum Just a short walk to shops, eateries and pubs Excellent transport links, 2 minutes' walk from Tram services A 5-minute walk to Nottingham Trent University City campus 31A Burns Street: GF Flat: Private entrance, kitchen, lounge, bedroom & bathroom FF Flat: Kitchen, lounge, bedroom, study & bathroom SF Flat: Kitchen, lounge, bedroom & bathroom Benefits from a yard to the side, providing off-street parking Permit holder parking available along Burns Street 2 Tennyson Street: FF Flat: Kitchen, lounge, bedroom & bathroom GF + SF Flats subject to Long Leaseholds each with a term of 125 years at a peppercorn rent from 29.09.1988 (both expiring 2113), image with highlighted green reflects the long leases Benefits from a rear garden area Both properties need refurbishment throughout An ideal opportunity for investors For further information please contact Auction Estates on
Value & comps
No previous sales on record.
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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 starting price
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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 31A Burns Street & 2 Tennyson Street, Nottingham, NG7 4DS
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