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9 bed detached house
Redcliffe Road, Nottingham NG3
£800,000
Redcliffe Road, Nottingham NG3
£800,000
Our Summary
- Attractive freehold investment comprising a separate 3-bedroom Coach House and three self-contained apartments, with further development potential
- £60,000 pa, with scope to increase via refurb, rent re-alignment, and possible conversion of the unutilised basement and large front car park (STP)
- Stunning Freehold Investment Opportunity – Offers in the Region of £900,000
- 66%, with scope to increase returns through rental uplifts, cosmetic refurbishment, and further development opportunities
- Unconverted basement area suitable for further conversion (STP)
- Large front car park – possible development opportunity (STP)
- This is a rarely available freehold block with multiple income streams and outstanding potential for enhancement
- Freehold Investment Opportunity
- Potential Capital Uplift
Description
This attractive freehold investment property in a prime location near Nottingham city centre offers a rare opportunity to acquire a fully let and income-producing block. The property comprises a detached three-bedroom coach house, three self-contained apartments, and a large private car park. The current rent roll is approximately £60,000 per annum, providing a gross yield of around 6.66%. The property has a mix of long-term and short-term lets, with potential for further rental increases through refurbishment, rent re-alignment, and possible conversion of the unutilised basement and car park. The area is highly sought-after by both tenants and owner-occupiers, making it an excellent opportunity for yield-focused investors and those seeking long-term capital growth. With increasing rental demand and property values, this freehold block presents a unique chance to enhance returns and capitalise on the area's popularity.