# 2 bedroom terraced house for rent (NG3 2AZ)

## Property Details

| Key | Value |
|-----|-------|
| Address | 74 SPALDING ROAD, NOTTINGHAM, CITY OF NOTTINGHAM NG3 2AZ |
| Price | £975 pcm |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Last sold | £92,000 Jan 2017 |

## EPC Rating & Upgrade Cost

- **Current rating:** D
- **Potential rating:** B
- **Expiry date:** 02/01/2030
- **Est. upgrade cost to C:** £19,950

### Recommendations
- B4 (£300 - £600)
- Q (£4,000 - £14,000)
- W1 (£800 - £1,200)
- N (£4,000 - £6,000)
- U (£3,500 - £5,500)

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/8950-6129-5840-1397-7202)

## Description

**AVAILABLE JULY** *ZERO DEPOSIT SCHEME AVAILABLE**

New to the market, Mid- Terrace, Two Bedrooms, Offered Unfurnished. Very close proximity to Nottingham City Centre.

New to the market is a large mid- terrace, two bedroom property offered on an unfurnished basis. 

In brief the property consists of: 

A large reception room leading on to a fully fitted kitchen. 

To the rear of the property you will find a three piece bathroom.

The rear of the property also has access to a large enclosed rear garden. 

On the first floor you will find two large double bedrooms.

There is ample on street parking on Spalding Road and has great transport links in to Nottingham City Centre.

Council tax band - A

12 month tenancy required

Please call Frank Innes Nottingham to view!! Council Tax Band:  Holding Deposit: £225.00

## Property Photos

- ![Photo](/listings/photos/149259866/1266950)
- ![Photo](/listings/photos/149259866/1266954)
- ![Photo](/listings/photos/149259866/1266958)
- ![Photo](/listings/photos/149259866/1266960)
- ![Photo](/listings/photos/149259866/1266962)
- ![Photo](/listings/photos/149259866/1266964)

## EPC Graphs

- ![Safety Inspection](/listings/photos/149259866/1266965) - Safety Inspection

## Rental Range

*ONS Price Index of Private Rents (Nottingham). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £905/mo
- **Realistic:** £1,006/mo
- **Optimistic:** £1,107/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Nottingham (Apr 2025 – Mar 2026).*

- **LHA floor (this property size):** £648/mo

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 2 Bed Flat, William Bancroft Buildings, NG3 | £1,250/mo | 2 | 0.29 miles | OpenRent |
| 2 Bed Flat, William Bancroft Buildings, NG3 | £1,250/mo | 2 | 0.33 miles | OpenRent |

**Average rent: £1,250/mo (2 listings)**

## Rent-driven metrics

*Based on OpenRent comparables (median £1,250/mo).*

- **Gross yield:** 1538.5%
- **Monthly cashflow:** £1,096/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 4652.1%

*Gross yield = annual rent as % of price (no costs). Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Price per Square Metre

- **£/m²:** £15/m²

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)