Lace Street, Nottingham

Spacious High Yielding 4 Bedroom HMO Property In The Sought After Location Of Dunkirk Positioned Across From Queens Medical Centre & Nottingham University And Let For Academic Year 26/27 At £19,760 PA

PDM Estates are delighted to present this attractive four-bedroom licensed HMO, occupying a convenient position on Lace Street in the ever-popular Dunkirk area of Nottingham. Currently let for the 2026/27 academic year and producing a gross annual rental income of £19,760, this represents an excellent opportunity to acquire a fully operational, income-producing investment within one of Nottingham's most consistently high-performing rental locations.

The property has been thoughtfully configured to provide comfortable and practical accommodation for shared occupancy, offering four well-proportioned bedrooms together with communal living facilities designed to meet the demands of the modern student and professionals rental market. Well maintained throughout, the property presents a genuine turnkey investment, allowing an incoming purchaser to benefit from immediate rental income from completion without the need for initial marketing or tenant sourcing.

Situated within the heart of Dunkirk, the property enjoys an exceptional location just moments from the University of Nottingham and the Queen's Medical Centre, two of the city's largest employers and principal drivers of rental demand. This enviable position ensures continued appeal to students, medical professionals and young professionals alike, supporting strong occupancy levels and long-term investment performance.

Residents also benefit from an excellent range of local amenities, including supermarkets, cafés, restaurants, convenience stores and excellent public transport links connecting directly to Nottingham City Centre. The A52, M1 motorway and wider road network are all easily accessible, further enhancing the property's appeal to a broad tenant demographic.

Whether you're looking to expand an established portfolio or take your first step into the Nottingham HMO market, 49 Lace Street represents an outstanding opportunity to acquire a well-maintained, income-producing asset in a location renowned for its resilience, strong rental demand and excellent long-term investment prospects.

Early viewing is highly recommended.

Price Guidance

The property is available to purchase at a guide price of £240,000.

The property is currently let for the 2026/27 academic year at a rental income of £19,760 per annum.

Based on the guide price and current gross rental income, this represents an approximate gross annual yield of 8.23%.

EPC

EPC Rating E (Please find attached)

Location

Dunkirk has long been recognised as one of Nottingham's premier student and professional rental locations, renowned for its exceptional connectivity and sustained demand. Its strategic position between the University of Nottingham, Queen's Medical Centre and Nottingham City Centre has established the area as one of the city's most resilient and consistently high-performing investment hotspots.

49 Lace Street enjoys an enviable location within comfortable walking distance of the University of Nottingham's University Park Campus, making it particularly appealing to students seeking convenient access to lectures, libraries and campus facilities. The Queen's Medical Centre, one of the UK's largest teaching hospitals, is also just moments away, ensuring continued demand from healthcare professionals, hospital staff and postgraduate students alike.

The surrounding area benefits from an excellent selection of everyday amenities, including supermarkets, independent cafés, restaurants, convenience stores and leisure facilities, all within easy reach. Excellent public transport links provide regular services into Nottingham City Centre, Nottingham Trent University and the wider city, whilst the nearby A52 and M1 motorway offer excellent connectivity for those travelling further afield.

The combination of two major educational institutions, one of the region's largest hospitals and outstanding transport links has created a location where rental demand has remained consistently strong for many years. As a result, Dunkirk continues to be regarded as one of Nottingham's most desirable areas for HMO investment, offering landlords confidence in both tenant demand and long-term investment performance.

Services

Mains electricity, drainage and water are understood to be connected. The property benefits from gas central heating.

Local Authority

Nottingham City Council

Important Information - Making An Offer: As part of our service to our vendors we ensure that all potential buyers are in a position to proceed with any offer they make and would therefore ask any potential purchaser to speak with our Mortgage Advisor to discuss and establish how they intend to fund their purchase. Additionally we can offer Independent Financial Advice and are able to source mortgages from the whole of the market helping you secure the best possible deal and potentially saving you money. If you are making a cash offer we will ask you to confirm the source and availability of your funds in order for us to present your offer in the best possible light to our Vendor.

Property Particulars: Although we endeavour to ensure the accuracy of property details we have not tested any services heating plumbing equipment or apparatus fixtures or fittings and no guarantee can be given or implied that they are connected in working order or fit for purpose. We may not have had sight of legal documentation confirming tenure or other details and any references made are based upon information supplied in good faith by the Vendor. Any proposed rental figures are speculative based on comparable market data and knowledge of the local rental market. These values should not be relied upon.

Floor Plans: Purchasers should note that if a floor plan is included within property particulars it is intended to show the relationship between rooms and does not reflect exact dimensions or indeed seek to exactly replicate the layout of the property. Floor plans are produced for guidance only and are not to scale.