207A Mansfield Road, Nottingham, Nottinghamshire, NG1 3FS

Description

We have a fantastic investment opportunity for the right investor in Nottingham city centre. It is currently operated as a fully licenced HMO with six bedrooms, all of which have an en-suite bathroom. It also boasts a communal area and fitted kitchen. The property is conveniently positioned in Nottingham city centre, making it very popular with students from both Uni of Nottingham and Trent! The property was Tenanted during the past year at £145.00 per room, per week. With all six rooms full for fifty weeks of the year, this yielded a return of over £43,000! The letting is managed by an agent who are in the process of filling the rooms ahead of the next student year to ensure that the rent potential is realised. There are currently two rooms with agreed lets, with further viewings ongoing to fill the other four. It is a freehold property that sits above a business unit, which is also part of the freehold. This unit is leased by a third party and under the terms of the lease you would be entitled to recover a proportion of the building insurance and maintenance costs. Viewing will be available after 19th August The photos listed were taken before the most recent tenancy EPC Rating: D

Accommodation

The supplied particulars indicate approximately 6 bedroom accommodation. Room layout, floor areas and dimensions should be confirmed from the auctioneer particulars, floor plan and inspection.

Location

Located in Nottingham, Nottinghamshire. Investor due diligence should test local transport, employment, amenities and tenant demand at the exact micro-location. Cross-check the postcode and legal title before bidding.

Investment Analysis

The figures below separate auctioneer/source facts from HB indicative estimates. HB figures are screening assumptions only and are not a RICS valuation, contractor quotation or lending decision.

Investment Snapshot

Strategy Recommendation

The initial strategy should be tested against condition, legal structure, works, rental evidence and comparable values before setting a maximum bid. The screening case depends on achieving a sufficient margin or sustainable income after all acquisition and holding costs.

Works Required

• Review complete building/property condition

• Electrical and heating inspection

• Allow for decoration and repairs where required

Rental & Market Context

HB screening rent is approximately £1,500–£2,000 pcm (£18,000–£24,000 pa). Replace this with current local letting evidence. No reliable current rent was extracted from the supplied source.

Sold within approximately 5 miles

Reliable sold-property comparables were not collected from the supplied scrape. Check recent Land Registry evidence and closely comparable sold listings within approximately five miles, prioritising the same property type, size, tenure and condition.

Potential BRRR Position

Illustrative 75% refinance on the HB indicative value range is about £243,000–£281,250 against purchase + works of approximately £315,000–£336,000. Actual refinance depends on valuation, works, finance costs, rental stress testing and lender criteria.

Flip Analysis

The initial gross value spread is approximately £-12,000–£60,000 before acquisition/disposal costs. This is not profit and excludes SDLT, auction/admin fees, legal costs, finance, holding costs, insurance, utilities, professional fees, selling fees, contingency and tax.

Investor Risks & Due Diligence

• Review legal pack, title and special conditions

• Confirm auction fees and completion period

• Obtain survey and works quotations

• Verify finance before bidding

• Check rental and sold comparable evidence

• Verify tenancy agreement, deposits, rent schedule and compliance

Recommendation

Initial recommendation: Buy-to-Let / Income Investment. Proceed only if the legal pack, condition, costs and local evidence support the required margin/yield. Treat the guide as a starting point rather than a valuation and set a disciplined maximum bid after due diligence.

Strategy Rating

• Buy-to-Let: ★★★★☆

• BRRR: ★★★☆☆

• Flip: ★★★☆☆