Redcliffe Road, Nottingham

Overview

The property comprises a detached Coach House, three self-contained apartments, a large unconverted basement and a generous private off-road car park, in all approximately 3,660 sq ft (GIA) on a site of circa 0.2 acres. There are small rear communal gardens.

The Coach House and two of the apartments are let and income-producing on a mix of Company Let and AST arrangements. **The three-bedroom ground-floor apartment is now offered vacant** — an immediate opportunity to re-let at an estimated £1,500 per calendar month, or to refurbish first and push both the rent and the capital value higher. It was previously let at £950 pcm.

An independent RICS Red Book valuation of March 2026 assessed the market value of the freehold at £800,000 and the market rent at £61,800 per annum — a gross yield of 7.7%.

The upside is threefold. The vacant apartment offers an immediate reversion. The large unconverted basement is prime for redevelopment, with architect's drawings prepared illustrating conversion to additional self-contained accommodation, subject to planning. And the single freehold title lends itself to title splitting — the same valuation reported £925,000 on the special assumption of the title being split into individual units with appropriate long leases created, demonstrating a clear route to circa 15% capital uplift through title splitting alone. The generous front car park may also offer longer-term development potential, subject to planning.

Sold freehold, subject to and with the benefit of the existing tenancies and occupational agreements.