69 Ransom Road, Nottingham

Description

An opportunity to acquire a freehold four bedroomed mid-terrace HMO located in the heart of St Anns, currently let producing £400 per calendar month with scope to let vacant rooms.

Accommodation

Ground Floor: Bedroom, dining room, kitchen, family bathroom. First Floor: Three double bedrooms. Outside: Small courtyard to the rear.

Location

Located in a quiet and well-established residential area, situated 1.3 miles north east of Nottingham city centre off the Wells Road and close to a variety of amenities, shops, restaurants and pubs. Good catchment area for both primary and secondary schools.

Tenure / Property Information

Investment Analysis

The five supplied completed sales on Ransom Road range from £85,000 to £127,500. The latest sale, No. 75, achieved £127,500 in November 2025, while the other evidence is older and does not identify HMO status or bedroom count. A base GDV of £112,895 is used as an evidence-led midpoint estimate, with £100,000 to £127,500 as a broad comparable-supported range. This remains uncertain because there is no condition, licensing, EPC, room-by-room rent or directly comparable HMO evidence.

Investment Snapshot

Strategy Recommendation

Treat as a cautious income-hold opportunity only if the existing tenancy, HMO compliance and achievable room rents are verified. Do not rely on vacant-room upside or bid aggressively without full cost and licensing information.

Works Required

No refurbishment works are evidenced. The legal pack should verify HMO licensing, tenancy arrangements, safety compliance, condition and the stated scope to let vacant rooms before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the base GDV estimate, 75% refinance would be approximately £84,671. The purchase price, minimum £5,000 buyer premium and any refurbishment or other legal-pack costs would need to be funded before refinance; total project cost and cash left in cannot be calculated because works and additional costs are unsupported.

Buy-to-Let Analysis

The stated current income is £400 pcm, or £4,800 annually, producing approximately 4.95% gross yield against the £97,000 guide price before the 3% buyer premium subject to the £5,000 minimum, finance, management, maintenance and other costs. No sufficiently specific rental evidence supports the potential income from vacant rooms, so the improved HMO rent and net yield cannot be established.

Flip Analysis

The comparable-supported base GDV is £112,895, against the £97,000 guide, but no refurbishment allowance, resale costs, finance costs or supported selling allowance is available. A reliable flip surplus or maximum bid therefore cannot be calculated.

Investor Risks & Due Diligence

• Current income is only stated at £400 pcm and no passing-rent documentation is supplied.

• The potential income from vacant rooms is unsupported by rental comparables or room-by-room figures.

• HMO licensing and regulatory compliance are not evidenced.

• Property condition and refurbishment requirements are unknown.

• Buyer premium is subject to a £5,000 minimum, and additional legal-pack fees may apply.

• The supplied comparables do not confirm equivalent HMO use, bedroom count or condition.

Recommendation

Treat as a cautious income-hold opportunity only if the existing tenancy, HMO compliance and achievable room rents are verified. Do not rely on vacant-room upside or bid aggressively without full cost and licensing information.

Strategy Rating

Analysis Confidence

Completed sales and current stated rent are available, but the comparables are not confirmed HMO properties and key evidence is missing, including condition, HMO licensing, room rents, EPC, finance costs and additional auction fees.