Summary - 7 LEIGHTON STREET NOTTINGHAM NG3 2FT
4 bed 1 bath Terraced
Four-bed HMO near Nottingham city centre with circa 10% gross yield..
Four-bedroom HMO with shared kitchen and separate W/C
Annual income £19,680 — roughly 10% gross yield at asking price
Front and rear gardens; permit on-street parking
Close to Nottingham city centre and public transport links
Dated kitchen, bathroom and flooring — requires refurbishment
System-built walls likely lack insulation; energy upgrades needed
Community heating scheme and older double glazing (pre-2002)
Area very deprived with above-average crime — higher management risk
This four-bedroom mid-terrace HMO on Leighton Street offers an investor-ready income stream and close proximity to Nottingham city centre. The property currently produces £19,680 per year, equating to roughly a 10% gross yield at the asking price of £196,000 — a strong headline return for a small-footprint asset.
Accommodation is arranged over two storeys with a shared kitchen, four lettable bedrooms, one bathroom and a separate W/C. The house includes front and rear gardens and permit on-street parking, useful for tenant appeal. The building dates from c.1967–1975 and has double glazing installed before 2002 and community-scheme heating.
The property is visibly dated and requires updating: the kitchen and bathroom show wear, flooring needs replacement and the facade and landscaping need work. The construction appears system-built with assumed no wall insulation, so energy performance upgrades and external works should be budgeted for. Council tax is very cheap, but the area is classified as very deprived with above-average crime — factors to weigh for tenancy risk and management costs.
For a hands-on investor this HMO presents a clear refurbishment play with immediate income and room-for-improvement upside through modernising communal areas, improving insulation and addressing cosmetic repairs. Be mindful of management and letting considerations in a higher-risk neighbourhood and the need to budget for heating/energy and structural fabric upgrades.
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