Redcliffe Road, Nottingham

Overview

Stunning Freehold Investment Opportunity – Offers in the Region of £800,000

Detached Coach House + 3 Converted Apartments | £60,000+ PA Rent Roll | Initial Yield 7.5%+

Occupying a prominent corner position on one of the area's most desirable tree-lined streets, this substantial Victorian freehold represents a rare chance to acquire a fully let, income-producing block. The property comprises a detached three-bedroom Coach House, three self-contained apartments, and a large private car park.

With a current rent roll of approximately £60,000 per annum, the investment generates a strong gross yield of over 7.5% at the revised asking price. Significant scope exists to enhance returns through rental re-alignment, cosmetic upgrades, and further development of under-utilised space.

Current Layout & Income Overview

Detached Coach House – Let via Company Let Agreement at £1,350 PCM (2/3 beds – not an AST)

Ground Floor Apartment 1 – 3-bedroom, let at £950 PCM (AST – below market; est. £1,500 PCM)

First Floor Apartment 2 – 2-bedroom, let under Company Let to an Airbnb operator, producing c. £1,150 PCM (Airbnb income exceeds AST market rent)

Top Floor Apartment 3 – 1-bedroom, let under Company Let to an Airbnb operator, producing c. £925 PCM (Airbnb income exceeds AST market rent)

Key Features & Value-Add Potential

Approx. £60,000 PA income, with strong rental uplift potential

Company Let Agreements in place, providing stability and enhanced income

Unconverted basement suitable for additional conversion (STP)

Large front car park – possible development potential (STP)

Attractive mix of long-term ASTs and short-term Airbnb-style lets

Period property in a highly desirable location

Small rear communal gardens

Location

Situated within easy reach of Nottingham city centre, the property benefits from excellent public transport links and lies within a highly desirable residential area, popular with both professionals and families. With rental demand and property values continuing to rise, the block offers both secure income and strong prospects for capital growth.

This rarely available freehold block combines multiple income streams with substantial upside potential – a superb opportunity for yield-focused investors and those seeking long-term growth.

Contact Joe Hargreaves at FHP Living to arrange your private viewing or request further details.

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.