Derby Road, Nottingham

A seven-bedroom student HMO directly adjoining 115 Lenton Boulevard, on its own separate legal title and in the same established Lenton student pitch. Available individually or together with its neighbour.

The accommodation extends to approximately 1,975 sq ft (183.5 sq m) over three floors, arranged as seven double bedrooms, two shower rooms, a kitchen and a communal lounge. Off-street parking is provided for up to eight vehicles — an unusually generous provision for the street and a strong letting differentiator. Planning was previously granted for property extension into car park.

The property is sold fully let on a bills-inclusive tenancy to seven tenants for the 2026/27 academic year, on a twelve-month term from 4 July 2026 to 3 July 2027, producing £60,344 per annum gross. At £490,000 that is a gross yield of 12.32%.

There is a clear route to an eighth bedroom. Planning permission was previously granted — now lapsed — for a ground-floor kitchen extension into the car park together with an additional bathroom, converting the existing lounge into an eighth double bedroom. Subject to fresh consent, that would take the property to eight beds on the same footprint, adding circa £8,600 per annum at the rate the house already achieves. Any purchaser should satisfy themselves as to the prospects of a fresh application.

The dormer roof was replaced within the last year.

Sold subject to and with the benefit of the existing tenancy.

Disclaimer Note & Money Laundering - 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.