Noel Street, Nottingham, NG7 6AU

Tomlinson Estates are pleased to present this substantial freehold investment opportunity comprising two separately accessed HMOs offered together under one title. Consisting of a 5-bedroom HMO and a 3-bedroom HMO, this property presents an excellent opportunity for investors looking to add value and maximise rental income in a strong and consistently popular letting location.

While the properties would benefit from modernisation in parts, they offer huge potential to enhance both rental values and overall yield. With separate utilities, entrances, and council tax registrations already in place, much of the groundwork has been done for an incoming investor to reposition and improve the asset over time.

62 Noel Street comprises five bedrooms, one reception room, kitchen, utility room, family bathroom, and an additional WC to the first floor.

62A Noel Street offers three bedrooms, two bathrooms, and an open-plan kitchen/diner.

Externally, the property benefits from a driveway to the front and a low-maintenance patio area to the rear.

Ideally situated just a one-minute walk from the nearest tram stop, the location is highly attractive to both students and working professionals, ensuring strong long-term rental demand and future letting potential.

The HMO licences for both 62 and 62A Noel Street have recently been renewed and expire on 30 September 2029 and 20 April 2030 respectively. Please note that HMO licences are non-transferable under Nottingham City Council regulations, and purchasers will be required to apply for their own licences following completion.

The properties are currently partially let, providing immediate income with clear scope for increased returns once fully occupied and potentially refurbished:

• 62 Noel Street currently has 3 out of 5 rooms occupied at £120 PPPW inclusive of bills.
• 62A Noel Street currently has 2 out of 3 rooms occupied at £541.67 PCM per tenant exclusive of bills.

This is an ideal opportunity for experienced investors or developers seeking a project with genuine upside potential in a well-connected and high-demand rental area.

1. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property. 

2. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture. 

3. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase. 

4. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. the matters referred to in these particulars should be independently verified by prospective buyers or tenants. neither Tomlinson Estate Management Ltd nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property

5. Third Party Referral Arrangements - Tomlinson Estates have established professional relationships with third-party suppliers for the provision of services to Clients. As remuneration for this professional relationship, the agent receives referral commission from the third-party companies. Details are available upon request.

6. Successful buyers will be required to complete ID, anti-money laundering and proof of funds checks. Our partner, Credas will carry out the initial checks on our behalf. If the buyer chooses to conduct ID checks digitally then there will be a non-refundable cost of £36 inc. VAT per buyer. You will be required to complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required. Tomlinson Estates will receive some of the fee taken by Credas to compensate for its role in providing these checks.