Freehold HMO Located In Long Eaton, Nottinghamshire
Substantial 8 Bedroom Fully En-Suite HMO
Passing Yield 10.7% | Reversionary Yield 12.4%
Fully let producing £49,860 per annum
Estimated reversion to circa £57,600 per annum
Large-scale communal infrastructure including kitchen, lounge and laundry
Strong commuter location between Nottingham and Derby
Ref 3228
Guide Price £464,995
Location
2 Salisbury Street, occupies an established residential position within Long Eaton close to the town centre, surrounded by traditional housing and local amenities supporting consistent tenant demand. The surrounding area comprises traditional housing, local amenities and service businesses supporting consistent tenant demand. The location provides day to day convenience including supermarkets, banking facilities, leisure amenities and public transport links within walking distance, helping maintain stable occupancy.
Long Eaton continues to attract tenants seeking affordability relative to Nottingham and Derby whilst remaining within commuting distance. The property benefits from access to the A52 and nearby M1 motorway network with Nottingham approximately (8 miles) away and Derby (9 miles), supporting a broad employment catchment across the East Midlands.
Investment Summary
Tenure: Freehold
Location: 2 Salisbury Street, Long Eaton, NG10
Current Gross Income: £49,860 per annum
Estimated Market Aligned Income: Circa £57,600 per annum
Indicative Yield (guide only)
Passing: Approx 10.7% gross
Market Aligned: Approx 12.4% gross
(Purchasers to rely on their own calculations)
Asset Type: Fully Licensed Residential HMO Investment
Management: Operational asset with established rent collection and building management in place.
Opportunity: Passing rents currently below prevailing market levels for comparable ensuite accommodation, offering structured rental alignment potential.
Description
Veritas Business Sales are pleased to offer to the market this substantial Freehold Residential HMO investment at 2 Salisbury Street, Long Eaton, comprising 8 fully en-suite letting rooms arranged over ground and first floors, producing a current gross income of £49,860 per annum.
The property has been configured to provide extensive communal kitchen, dining and lounge facilities together with dedicated laundry provision, and has proven well suited to professional residential occupation, supporting consistent tenant demand. All rooms are individually let on AST agreements allowing periodic review and alignment to prevailing market levels.
The building is fully let and provides immediate income, with identifiable rental growth potential through standard asset management rather than reliance on redevelopment or reconfiguration. The kitchen arrangement and scale of communal space support efficient occupation across both floors and contribute to stable long term occupancy.
The investment therefore operates as a straightforward income producing residential asset today, with scope for an incoming owner to improve rents and overall value over time.
The opportunity will appeal to investors seeking a substantial residential-led holding with strong communal provision, proven demand and potential for gradual enhancement of returns.
Accommodation & Income Profile
8 en-suite bedrooms
Kitchen & Dining Area
Laundry Room
Current Rent Range
£480 pcm – £545 pcm
Current rents considered below market levels
Average Rent: £520 pcm per room
Total Income: £49,860 per annum
Operational Configuration
The property benefits from an operational layout designed to support an 8-room configuration efficiently. Communal provision includes a substantial ground floor kitchen and dining area with dual cooking stations, a separate lounge seating area and dedicated laundry facilities.
Asset Management Opportunities
• Align residential rents to market levels through natural tenancy turnover
• Improve yield and capital value through enhanced income profile
• Potential refinance opportunity following rental alignment and stabilised income profile
Services & Management
All mains' services are connected with utility bills included. A management structure is in place for rent collection and general building oversight. Landlord is responsible for utilities and council tax.
EPC rating: C
Public and on-street parking is available within walking distance. The property benefits from gas central heating and double glazing.
Investment Summary
2 Salisbury Street, Long Eaton, NG10 is offered freehold subject to existing tenancies.
The property provides both immediate income and controlled growth potential. The opportunity suits investors seeking a stable town centre holding capable of improving yield through management rather than significant capital expenditure.
