321 Castle Boulevard, Nottingham, Nottinghamshire NG7 1HP

A block of two flats with rental income of £35,000 per annum.

The property is offered fully furnished and fully let for the 2025/2026 academic year, generating an annual income of £35,384. The property is already let for the 2026-2027 academic year.

The property comprises of two self-contained flats:

A one-bedroom flat situated on the ground floor.

A four-bedroom duplex HMO flat arranged over the first and second floors.

Both units are finished to a good standard, which is reflected in the strong rental income currently being achieved.

HMO Usage: - The property also benefits from a Certificate of Lawfulness confirming established C4 usage on the four-bed flat.

Rental Information-

The four-bed duplex flat is currently let for £140 per person per week inclusive of utilities, with a usage allowance of £15 per person per week, on a fity-week tenancy (£25,000 per annum excluding utilities).

The one-bedroom flat is let for £865.33 per calendar month (£10,384 per annum excluding utilities).

A superb investment opportunity with income from day one.

Auction Details

The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.

Binding contracts will be exchanged at the point of sale.

All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.

Auction Deposit and Fees

The following deposits and non-refundable auctioneers fees apply, and are payable immediately upon exchange of contracts:

• 5% deposit (subject to a minimum of £5,000)

• Buyer’s Fee of 4.8% of the purchase price (subject to a minimum of £6,000 inc. VAT)

There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.

Additional Information

For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.

This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).

Guide Price & Reserve Price

Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.