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.