Peveril Street, Nottingham

Overview

Recently Renovated, Fully Let Student HMO – £145pppw Inclusive – 8.01% Net Yield

An outstanding opportunity to acquire a fully tenanted, recently renovated 6-bedroom HMO in the heart of Nottingham's student rental hotspot. Located within a modern development just off Alfreton Road, 56 Peveril Street is less than a mile from Nottingham Trent University's City Campus - making it a consistent favourite among student renters.

This high-spec, fully licensed HMO benefits from a prime layout across three floors, modern interiors, and consistent letting performance at £145pppw inclusive of bills for the 2024/25 academic year.

Property Features:
6 Double Bedrooms – 2 with en suites, 4 sharing 3 further communal bathrooms

3 Communal Bathrooms + 2 En Suites

Large Open Plan Kitchen & Dining Area

Separate Communal Lounge with Large Smart TV

Flat-Screen TVs in Every Bedroom

Virgin Media M350 Fibre Broadband + 200 TV Channels

2 Allocated Parking Spaces

Modern Student Development (Approx. 10–12 Years Old)

Excellent transport links via tram and bus, and walking distance to NTU and the city centre

Investment Highlights:
Tenancy for 2024/25: Fully Let at £145pppw (Inclusive of Bills)

Gross Annual Rent: £45,240
(6 tenants × £145pppw × 52 weeks)

Operating Expenses (Estimated at 15%): £6,786

Net Annual Income: £38,454

Asking Price: £480,000

Gross Yield: 9.43%

Net Yield: 8.01%

56 Peveril Street offers a premium, turnkey HMO opportunity in a thriving student market. With excellent presentation, en suite provision, and recently renovated interiors, it stands out from standard stock. The neighbouring property at 54 Peveril Street is also available separately or as part of a portfolio.

2 Gadd Street, 54 Peveril Street & 56 Peveril Street can all be offered as a portfolio sale.

Portfolio Summary:
Total Gross Annual Rent: £134,160

Total Net Annual Income: £114,036

Total Asking Price: £1,420,000

Combined Net Yield: 8.03%

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.