Our Summary

Planning Approved: Permission granted for a five-bedroom HMO conversion

Investment Potential: Mixed-use property with strong value-add opportunity

PROPERTY SUMMARY A fantastic opportunity to acquire a mixed-use property with full planning permission granted for conversion into a thoughtfully designed five-person HMO

Currently arranged with commercial accommodation to the ground floor and residential accommodation above, the property already offers a flexible footprint, but its real appeal lies in the potential to transform the building into a modern, purpose-made rental investment

The approved loft conversion adds further value and long-term potential, creating a large fifth bedroom with an en-suite shower room

This top-floor space has the potential to become a standout room within the finished HMO, offering a more private and spacious arrangement compared with a standard bedroom

The planning permission already in place gives a purchaser a clear route to add value

With the approved plans showing a comprehensive conversion and extension scheme, the property has the potential to become a high-quality shared living investment with strong rental appeal once the works are completed

LOCATION SUMMARY Woodborough Road is a well-established and highly convenient Nottingham address, positioned within the popular NG3 area and offering an excellent setting for an investment opportunity

This gives the location a proven rental market and makes it a practical choice for shared accommodation, professional lets or other income-producing uses, subject to the relevant permissions and regulations

GROUND FLOOR COMMERCIAL AREA Currently arranged as a commercial premises to the front of the property, this space offers clear scope for reconfiguration and conversion, subject to the approved planning permission already granted

Within the approved plans, this section of the building forms part of the proposed communal living accommodation, highlighting the strong potential to transform the existing layout into a more open and modern arrangement

The existing layout already demonstrates the building's potential for continued residential use and provides the basis for the approved reconfiguration works

SECOND FLOOR / LOFT SPACE The existing roof space offers excellent future potential, with planning permission already granted for conversion into an additional bedroom suite

The approved loft conversion would make far better use of the upper section of the property while increasing the overall accommodation and future income potential

Let us unleash the full potential of your property and propel you towards your real estate dreams

Description

The property is a mixed-use building with two-storey mixed-use accommodation on the ground floor and three upper floors. It has full planning permission granted for conversion into a five-person HMO, with approval for a two-storey rear extension, front façade alterations, and a loft conversion. The approved plans show a bedroom on the ground floor, three bedrooms on the first floor, and a spacious fifth bedroom in the converted loft space, each with en-suite shower rooms.

The property will also feature a large, open-plan living, kitchen, and dining space on the ground floor, creating a practical social hub, and a communal area and external facilities, such as bin storage and cycle storage for six spaces. The loft conversion adds further value and long-term potential, with a large fifth bedroom and an en-suite shower room. Externally, the approved scheme includes alterations to the front façade, giving the property a more domestic appearance.

1 bed terraced house

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Our Summary

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