Waterloo Road, Nottingham
- PROPERTY TYPE
Detached
- BEDROOMS
16
- BATHROOMS
8
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- 2 x 8 bed Student HMOs
- Let for current and upcoming academic year
- £160 pp pw over 48 weeks (inc bills)
- Total income of £122,880
- Prime Location
- Gross Yield of 9.1%
- £84,375 per bed
- 0.5 miles from campus
- Off Street Car Parking
- EPC Rating E
Description
Nottingham is a widely established 2 university city with an estimated student enrolment in excess of 80,000 with NTU being awarded Modern University of the year in 2023. Nottingham regularly appears as one of the UKs top areas for investment with competitive yields down to high rents and relatively low capital values.
The houses are located within a charming period row of substantial Victorian semi-detached properties, with a tranquil outlook overlooking a park, accessed either by Mount Hooton Rd or Southey Street. Nottingham Trent University is easily accessible for students with the main City Campus around 0.5 miles away.
The properties are mirrored versions of each other, benefitting from a generous entrance from the park as well as a secure and private entrance from Hardy Street. The ground floor consists a large lounge overlooking the park, a spacious double bedroom and shower room. Stairs lead down to the Kitchen and Dining Room as well as additional storage areas, with access to the rear garden with space for around 6 cars (shared with next door). 3 further double bedrooms and a shower room are located on the 1st floor, with a further bathroom set off the landing, with a similar layout to the 1st floor. The top floor contains a large bedroom and landing area totaling 8 double bedrooms, 4 shower rooms and a further WC.
The whole property boasts plenty of original features making for a homely feel, with tall bay fronted windows, high ceilings and large open hallways and landings.
Each property is rented for the current and upcoming academic 24/25 letting period for £160 PP PW inc bills, totaling £61,440 pa and £53760 after bills, a total of £122,880 (£107,520 exc bills)
This property is available for an asking price of £1,350,000 making for a gross yield of 9.1% at £84,375 per bed. Contact FHP Student Living to book your viewing.
Buyers should note that there has been a lapsed planning application to convert the storage areas on the lower ground floor to be converted into a 2 bedroom flat. Buyers should undertake their own further queries into this.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Waterloo Road, Nottingham
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