Property Summary
PDM Estates are proud to present this well-positioned freehold investment asset, recently converted and situated in the heart of Nottingham’s Lace Market. The property offers immediate income generation with no near-term capital expenditure required, presenting a streamlined entry into a high-yielding, centrally located holding.
The freehold is held within a limited company structure, which may offer stamp duty savings. Prospective purchasers are advised to seek independent advice from their accountant or solicitor to verify the applicability of this structure to their specific circumstances.
Currently generating £12,123 per month in rental income, the asset is configured as 16 en-suite bedrooms arranged across two five-bedroom apartments and three two-bedroom apartments. Each unit benefits from its own kitchen, living area, and independent heating system, a configuration that appeals equally to students and young professionals seeking all-inclusive high quality, centrally located accommodation.
All apartments are let to students until summer 2026, offering near-term income certainty with no immediate capital expenditure required. Practical features include a secure entrance with controlled entry, individual mailboxes, a small office, and a utility cupboard. A dedicated parking plot to the front of the property facilitates easy servicing during management visits.
For those looking for a ready made investment in one Nottinghams highest demand areas for students and professionals akin, look no further.
Price Guidance
The property is available to purchase at a guide price of £1,690,000.
The property is currently let for a rental income of £12,123.00 per month.
These figures represent a high yield of 8.86%, based on the gross rents receivable.
EPC
EPC Rating (Please find attached)
Location
Halifax Place is situated in the heart of Nottingham city centre, just off Fletcher Gate, one of the principal routes into and out of the urban core. The positioning offers a combination of central accessibility and the distinct character of the Lace Market, a historic area that has become one of the city’s most sought-after quarters.
Over the past decade, Nottingham city centre and its surrounding districts have undergone a marked transformation. A sustained rise in affluence and investment has reshaped the area into a hub of economic activity, with a growing reputation for prestige and connectivity. The presence of two major universities, the University of Nottingham and Nottingham Trent University provides a consistent demographic of students and academics, while the Queen’s Medical Centre, one of the largest teaching hospitals in the UK, anchors a significant professional and medical community. Complementing this, a growing number of national and regional companies have gravitated toward Nottingham as a strategically centralised base, further driving employment and demand for high-quality accommodation.
Connectivity from the property is notably strong. Nottingham Trent University lies within a short walking distance of under 0.6 miles, while the University of Nottingham is approximately 2.3 miles away. The Queen’s Medical Centre is 2.1 miles from the property. Nottingham railway station is a mere 0.4 miles on foot, providing direct links to London, Birmingham, and other major cities. Bus and tram stops are located virtually adjacent to the building, offering frequent services across the city and beyond, with access to the M1 and other major transport routes just a few miles away.
Local amenities are extensive and cater to a broad demographic, reflecting the area’s status as a vibrant, mixed-use urban centre. The combination of institutional anchors, transport infrastructure, and ongoing investment reinforces the location’s long-term appeal to both residents and investors.
Services
Mains electricity, drainage and water are understood to be connected.
Local Authority
Nottingham City Council
Important Information
Making An Offer: As part of our service to our vendors we ensure that all potential buyers are in a position to proceed with any offer they make and would therefore ask any potential purchaser to speak with our Mortgage Advisor to discuss and establish how they intend to fund their purchase. Additionally we can offer Independent Financial Advice and are able to source mortgages from the whole of the market helping you secure the best possible deal and potentially saving you money. If you are making a cash offer we will ask you to confirm the source and availability of your funds in order for us to present your offer in the best possible light to our Vendor.
Property Particulars: Although we endeavour to ensure the accuracy of property details we have not tested any services heating plumbing equipment or apparatus fixtures or fittings and no guarantee can be given or implied that they are connected in working order or fit for purpose. We may not have had sight of legal documentation confirming tenure or other details and any references made are based upon information supplied in good faith by the Vendor. Any proposed rental figures are speculative based on comparable market data and knowledge of the local rental market. These values should not be relied upon.
Floor Plans: Purchasers should note that if a floor plan is included within property particulars it is intended to show the relationship between rooms and does not reflect exact dimensions or indeed seek to exactly replicate the layout of the property. Floor plans are produced for guidance only and are not to scale.
The freehold is held within a limited company structure, which may offer stamp duty savings. Prospective purchasers are advised to seek independent advice from their accountant or solicitor to verify the applicability of this structure to their specific circumstances.
Currently generating £12,123 per month in rental income, the asset is configured as 16 en-suite bedrooms arranged across two five-bedroom apartments and three two-bedroom apartments. Each unit benefits from its own kitchen, living area, and independent heating system, a configuration that appeals equally to students and young professionals seeking all-inclusive high quality, centrally located accommodation.
All apartments are let to students until summer 2026, offering near-term income certainty with no immediate capital expenditure required. Practical features include a secure entrance with controlled entry, individual mailboxes, a small office, and a utility cupboard. A dedicated parking plot to the front of the property facilitates easy servicing during management visits.
For those looking for a ready made investment in one Nottinghams highest demand areas for students and professionals akin, look no further.
Price Guidance
The property is available to purchase at a guide price of £1,690,000.
The property is currently let for a rental income of £12,123.00 per month.
These figures represent a high yield of 8.86%, based on the gross rents receivable.
EPC
EPC Rating (Please find attached)
Location
Halifax Place is situated in the heart of Nottingham city centre, just off Fletcher Gate, one of the principal routes into and out of the urban core. The positioning offers a combination of central accessibility and the distinct character of the Lace Market, a historic area that has become one of the city’s most sought-after quarters.
Over the past decade, Nottingham city centre and its surrounding districts have undergone a marked transformation. A sustained rise in affluence and investment has reshaped the area into a hub of economic activity, with a growing reputation for prestige and connectivity. The presence of two major universities, the University of Nottingham and Nottingham Trent University provides a consistent demographic of students and academics, while the Queen’s Medical Centre, one of the largest teaching hospitals in the UK, anchors a significant professional and medical community. Complementing this, a growing number of national and regional companies have gravitated toward Nottingham as a strategically centralised base, further driving employment and demand for high-quality accommodation.
Connectivity from the property is notably strong. Nottingham Trent University lies within a short walking distance of under 0.6 miles, while the University of Nottingham is approximately 2.3 miles away. The Queen’s Medical Centre is 2.1 miles from the property. Nottingham railway station is a mere 0.4 miles on foot, providing direct links to London, Birmingham, and other major cities. Bus and tram stops are located virtually adjacent to the building, offering frequent services across the city and beyond, with access to the M1 and other major transport routes just a few miles away.
Local amenities are extensive and cater to a broad demographic, reflecting the area’s status as a vibrant, mixed-use urban centre. The combination of institutional anchors, transport infrastructure, and ongoing investment reinforces the location’s long-term appeal to both residents and investors.
Services
Mains electricity, drainage and water are understood to be connected.
Local Authority
Nottingham City Council
Important Information
Making An Offer: As part of our service to our vendors we ensure that all potential buyers are in a position to proceed with any offer they make and would therefore ask any potential purchaser to speak with our Mortgage Advisor to discuss and establish how they intend to fund their purchase. Additionally we can offer Independent Financial Advice and are able to source mortgages from the whole of the market helping you secure the best possible deal and potentially saving you money. If you are making a cash offer we will ask you to confirm the source and availability of your funds in order for us to present your offer in the best possible light to our Vendor.
Property Particulars: Although we endeavour to ensure the accuracy of property details we have not tested any services heating plumbing equipment or apparatus fixtures or fittings and no guarantee can be given or implied that they are connected in working order or fit for purpose. We may not have had sight of legal documentation confirming tenure or other details and any references made are based upon information supplied in good faith by the Vendor. Any proposed rental figures are speculative based on comparable market data and knowledge of the local rental market. These values should not be relied upon.
Floor Plans: Purchasers should note that if a floor plan is included within property particulars it is intended to show the relationship between rooms and does not reflect exact dimensions or indeed seek to exactly replicate the layout of the property. Floor plans are produced for guidance only and are not to scale.