Peveril Street, Nottingham, Nottingham City

4-Bed Student Investment | £26,400 Fully Let Income | Freehold | Established Nottingham Student Location

National Residential are delighted to offer this substantial four-bedroom student investment property, arranged over three floors within an established Nottingham student rental area.

Currently occupied by three students and generating £19,800 per annum, the property provides immediate rental income from completion. The fourth bedroom is actively being marketed following one tenant withdrawing from the original group, presenting a clear opportunity to increase the gross income to £26,400 per annum once fully occupied.

With four furnished double bedrooms, two shower rooms and excellent communal space, this is a well-configured student property offering both existing income and immediate potential to increase returns.

INVESTMENT AT A GLANCE
• Freehold
• Four double letting bedrooms
• Three bedrooms currently occupied
• Current rent: £1,650 pcm | £19,800 pa
• Fully let potential: £2,200 pcm | £26,400 pa
• Estimated running costs: Approximately £3,200 pa
• Remaining bedroom actively being marketed
• Council tax band: A
• Established Nottingham student location

ACCOMMODATION
Arranged over three floors, the property has been configured specifically for shared student living, with generous bedrooms and separate communal areas.
Ground Floor
Open-plan kitchen and dining area | Separate lounge | Utility space
First Floor
Two double bedrooms | Shower room
Second Floor
Two double bedrooms | Shower room
Each shower room incorporates a walk-in shower, WC and wash hand basin.
All four bedrooms are furnished for student occupation and include:
• Double bed and mattress
• Wardrobe
• Study desk and chair
• Bedside table
• Chest of drawers
The separate lounge provides a dedicated social space with sofas, a coffee table and wall-mounted television, while the open-plan kitchen and dining area creates a practical communal hub away from the bedrooms.

ESTABLISHED STUDENT LOCATION
The property occupies a convenient position on the outskirts of Nottingham City Centre, within an area popular with students attending both of the city’s major universities.
Nottingham Trent University is within walking distance, while regular tram and bus services provide convenient connections to the University of Nottingham, Queen’s Medical Centre, Clifton Campus and Nottingham City Centre.
Shops and everyday amenities are available close by, with further retail and leisure facilities at Castle Retail Park, including Aldi, The Gym, The Range and B&M. Forest Recreation Ground is also within easy reach.

WHY INVEST?
• Immediate Income – Three bedrooms are already occupied and generating £19,800 per annum
• Clear Rental Upside – Full occupancy would increase the projected gross income to £26,400 per annum
• Four Double Bedrooms – Properly proportioned and furnished for student occupation
• Two Shower Rooms – A valuable and practical feature for a four-person household
• Excellent Communal Space – Separate lounge, open-plan kitchen/dining area and utility space
• Freehold Ownership – No ground rent or service charges to consider
• Strong University Access – Conveniently positioned for Nottingham Trent University, the University of Nottingham and Clifton Campus
• Established Rental Market – Located within a recognised Nottingham student area with excellent transport and everyday amenities

INVESTOR SUMMARY
This is a ready-made Nottingham student investment combining immediate rental income with a straightforward opportunity to increase returns through full occupancy.
The property’s four furnished double bedrooms, two shower rooms, generous communal accommodation and excellent university connections make it well suited to continued student use.

Viewings are highly recommended. For further information or to arrange an appointment, please contact our dedicated specialist sales advisor.

This property is ONLY available for purchasers who are NOT in a chain.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage so an online Anti-Money Laundering Check can be completed. We would ask for your co-operation in order that there will be no delay in agreeing the sale.
2: These particulars do not constitute part or all of an offer or contract. 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.
3: Any measurements indicated are supplied for guidance only and as such must be considered incorrect.
4: Potential buyers are advised to recheck the measurements before committing to any expense.
5: National Residential has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyer's interests to check the working condition of any appliances.

*By making an enquiry on this property you acknowledge that this property is strictly offers in excess of the marketing price provided. The market appraisal of this property has indicated a value in excess of our marketing price. As a consequence, and similar to any other vendor, the vendor is aiming to achieve as much as possible in excess of this marketing price provided.
This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. Although the vendor may be willing to remove from the auction early for a suitable offer. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately but grant 56 days to exchange and complete. This additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a deposit of 2% (minimum of £5,000) or a Buyers fee (amount or % will be stated in main advert., which secures the transaction and takes the property off the market. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction and can be viewed in full on our website.