10 BED HMO - Derby Road, Nottingham NG7 1LS
By Top 365 Ltd
£ 1,150,000
Reviews
3 out of 5 stars
Top 365 Ltd says ..
* INVESTMENT OPPERTUNITY * Take a look at this ten bedroom, HMO property for sale to any potential buyers looking for investment or the possibility of creating an incredible family home once vacant.
Property Oracle says ..
This is a substantial 10-bedroom detached property operating as a House in Multiple Occupation (HMO) on Derby Road, Nottingham. The property benefits from its proximity to Nottingham city center and the University of Nottingham. The condition appears to be generally acceptable, although some areas could benefit from modernization. It features 4 bathrooms and a paved outdoor area. The asking price of £1,150,000 equates to approximately £347 per square foot, which is slightly below the local average. As an HMO, the property’s investment potential hinges on its ability to generate consistent rental income. Further due diligence is recommended to assess the property’s income potential and any associated licensing requirements for operating an HMO in this location. Nearby amenities include transportation links and schools, adding to the property’s appeal for potential tenants. The property is modern.
Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 6
- Location
- 7
- Land
- 5
- Bedrooms
- 10
- Bathrooms
- 4
- Sqft (est)
- 3,311.00
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 273,747.00 £Decreased by 7.23 %
- Est sale value
- 1,211,826.00 £Increased by 23.65 %
- Average area rental value
- 1,032.00 £/moDecreased by 0.77 %
- Est letting value
- 3,311.00 £/moUnchanged by 0.00 %
- Est rental Yield
- 4.52 %Increased by 6.86 %
- Crime Rate
- 4.00 %Unchanged by 0.00 %
Agent Activity
Top 365 Ltd created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| St Joseph'S School | Other Independent School | 0.59 KM | |
| Unity Academy | Academy Alternative Provision Sponsor Led | Requires improvement | 0.64 KM |
| Denewood Academy | Academy Alternative Provision Sponsor Led | Good | 0.68 KM |
| Nottingham High School | Other Independent School | 0.93 KM | |
| Fig Tree Primary School | Other Independent School | Good | 0.99 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Park Hill | £ 0 | 0 | 0.00 KM |
| St Helen's Street | £ 0 | 0 | 0.00 KM |
| Wood Street | £ 0 | 0 | 0.00 KM |
| Montfort Street | £ 90,000 | 0 | 0.00 KM |
| Ireton Street | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Nottingham | 1826 | NOT | 2.07 KM |
| Bulwell | 1865 | BLW | 6.15 KM |
| Beeston | 1625 | BEE | 6.23 KM |
| Netherfield | 6241 | NET | 9.24 KM |
| Attenborough | 1624 | ATB | 9.31 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| 10 BED HMO - Derby Road, Nottingham NG7 1LS | £ 1,150,000 | BUY | 6 / 10 | 0.00 KM |
| 3x HMO & 2x Commercial - Derby Road, Nottingham NG7 1LR | £ 1,150,000 | BUY | Unknown | 0.02 KM |
| 2x HMO - Derby Road, Nottingham NG7 1LR | £ 550,000 | BUY | Unknown | 0.02 KM |
| Newcastle Drive, The Park, NG7 | £ 639,000 | BUY | Unknown | 0.05 KM |
| The Cigar Factory, 158 Derby Road Nottingham, NG7 1LR | £ 95,000 | BUY | 6 / 10 | 0.05 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 121 Derby Road | £ 530,000 | 0.04 KM |
| 119 Derby Road | £ 110,000 | 0.04 KM |
| 136 Derby Road | £ 135,000 | 0.06 KM |
| 27c Newcastle Drive | £ 398,000 | 0.08 KM |
| The Tower House | £ 765,000 | 0.08 KM |