Elm Bank Drive, Mapperley Park

Langham House is a sizable and well-established licensed HMO featuring 10 double bedrooms, strategically located near Nottingham Trent University. The property is currently let to students, with 8 of the rooms occupied under a contract that runs until June 2026, generating a reliable income of approximately £68,640 per annum. Historically, when fully let, it has the potential to reach an annual rental income of around £81,000. Spanning roughly 4,000 sq ft over four floors, this property includes 4 bathrooms (none en-suite), a large communal kitchen, utility area, and a spacious lounge. This investment not only provides a steady rental yield but also offers considerable conversion potential due to existing planning consent for transforming the building into two separate houses—pending verification of the consent status. With its advantageous location within easy reach of the city center and both universities, Langham House stands out as an attractive option for investors seeking both immediate rental income and future development opportunities.