Waterloo Road, Nottingham, NG7

Overview

Student Living are delighted to offer this pair of stunning 8-bedroom HMOs in The Arboretum area of Nottingham, perfectly positioned for students at Nottingham Trent University.

Nottingham is a well-established two-university city with an estimated student enrolment exceeding 80,000. NTU was awarded Modern University of the Year in 2023. Nottingham consistently ranks as one of the UK’s top areas for property investment, driven by strong rental demand, competitive yields and relatively accessible capital values.

The houses form part of a charming period row of substantial Victorian semi-detached properties, enjoying a tranquil outlook overlooking a park and accessed via Mount Hooton Road or Southey Street. Nottingham Trent University’s main City Campus is approximately 0.5 miles away, making this an ideal location for students.

The properties are mirrored versions of each other and benefit from a generous entrance from the park, along with a secure and private entrance from Hardy Street. The ground floor comprises a large lounge overlooking the park, a spacious double bedroom and a shower room. Stairs lead down to the kitchen and dining room, additional storage areas, and access to the rear garden with parking space for approximately six cars (shared with next door).

The first floor provides three further double bedrooms and a shower room, with an additional bathroom set off the landing. The layout continues to the upper floors, culminating in a total of 8 double bedrooms, 4 shower rooms and a further WC per property.

Both properties retain a wealth of original features, creating a homely and characterful feel, including tall bay-fronted windows, high ceilings and large open hallways and landings.

The properties are currently let and the new incoming tenancy will see rents set at £140 per person per week (inclusive of bills) for both HMOs.

This equates to:

£58,240 per property per annum

£116,480 combined annual income

With an asking price of £1,200,000 for the pair, this represents:

Gross yield of approximately 9.7%

£75,000 per bed (16 beds in total)

Buyers should note there has previously been a lapsed planning application to convert the lower ground floor storage areas into a 2-bedroom flat. Interested parties are advised to undertake their own due diligence in respect of this opportunity.

Contact FHP Student Living to arrange your viewing.