Redcliffe Road, Nottingham, NG3 5BW

A substantial Victorian freehold occupying a prominent corner position on one of Mapperley Park's most desirable tree-lined streets — a rare opportunity to acquire an income-producing block with genuine value-add potential.

The property comprises a detached Coach House, three self-contained apartments, a large unconverted basement and a generous private off-road car park, in all approximately 3,660 sq ft (GIA) on a site of circa 0.2 acres. There are small rear communal gardens.

The Coach House and two of the apartments are let and income-producing on a mix of Company Let and AST arrangements. **The three-bedroom ground-floor apartment is now offered vacant** — an immediate opportunity to re-let at an estimated £1,500 per calendar month, or to refurbish first and push both the rent and the capital value higher. It was previously let at £950 pcm.

An independent RICS Red Book valuation of March 2026 assessed the market value of the freehold at £800,000 and the market rent at £61,800 per annum — a gross yield of 7.7%.

The upside is threefold. The vacant apartment offers an immediate reversion. The large unconverted basement is prime for redevelopment, with architect's drawings prepared illustrating conversion to additional self-contained accommodation, subject to planning. And the single freehold title lends itself to title splitting — the same valuation reported £925,000 on the special assumption of the title being split into individual units with appropriate long leases created, demonstrating a clear route to circa 15% capital uplift through title splitting alone. The generous front car park may also offer longer-term development potential, subject to planning.

Sold freehold, subject to and with the benefit of the existing tenancies and occupational agreements.

Disclaimer Note & Money Laundering - These sales particulars have been prepared by FHP Living on the instruction of the vendor. Services, equipment and fittings mentioned in these particulars have NOT been tested, and as such, no warranties can be given. Prospective purchasers are advised to make their own enquiries regarding such matters. These sales particulars are produced in good faith and are not intended to form part of a contract. Whilst FHP Living have taken care in obtaining internal measurements, they should only be regarded as approximate.

Purchaser information - Under the Protecting Against Money Laundering and the Proceeds of Crime Act 2002, FHP Living require any successful purchasers proceeding with a purchase to provide two forms of identification i.e. passport or photocard driving license and a recent utility bill. This evidence will be required prior to FHP Living instructing solicitors in the purchase or the sale of a property.