Summary - 38 BONSALL STREET LONG EATON NOTTINGHAM NG10 2AH
6 bed 2 bath Semi-Detached
Fully let six‑room HMO with £41.7k potential income; licence limit and local risks apply.
Potential gross income £41,700 pa (advertised)
Fully let HMO — immediate income stream
Refurbished and converted in 2022, described as good condition
Seven rooms in use but HMO licence/planning for six only
Garage currently let; income separate from house
Small plot and rear garden; limited external space
Area classified very deprived with very high recorded crime
No upward chain — vacant on completion not required
This mid-Victorian red-brick townhouse has been converted and refurbished in 2022 and is offered as a fully let six‑room HMO, providing an immediate income stream. The seller quotes a potential gross annual rental income of £41,700. The property includes a modern fitted kitchen, two shower/bath facilities, a rear garden, and a garage (currently separately let).
The layout spans two floors with high ceilings and period features to the street elevation; internal condition is described as good following the recent works. There are seven lettable rooms in use on site but the current HMO licence/planning is for six rooms — this is a material point for future lettings or valuation. No upward chain is stated, so possession and continued income are straightforward for a buyer seeking an investment purchase.
Practical considerations are clear: the plot and garden are small and the garage income is separate. The immediate locality is classified as very deprived and the area has very high recorded crime, which will affect tenant profiles, management requirements and insurance costs. Mobile signal and broadband are strong locally, and there are multiple convenience and retail amenities nearby.
Suited to an investor experienced with HMOs and local landlord responsibilities, this property offers ready-made cashflow with short-term upside if additional planning or licence permissions are secured for the seventh room. Budget for ongoing management, higher operating costs and any licence changes when assessing net return.
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