Princes Street, a residential street in Mansfield, has become a focal point for House in Multiple Occupation (HMO) conversions, with 15 of its 42 properties now operating as shared houses or flats. This represents more than a third of the street's housing stock.
The conversions are reportedly driven by landlords seeking higher rental returns. Residents quoted in the Daily Mail calculated that a converted house with six bedrooms could generate around £1,000 per week, compared to £680 to £900 when rented to a single family. One neighbouring property has a planning application pending to become a ten-person shared house.
Residents have expressed concerns about the concentration of HMOs, citing parking congestion as a primary issue. Lorry driver Lonel Tolan, 35, reported that congestion sometimes prevents him from accessing his driveway. Neighbour Marius Oprea, 47, told the Nottingham Post that an ambulance had been unable to turn in the crowded street. He also questioned whether the older housing stock could accommodate the increased demand, stating the pipes are "not fit for four bedrooms, four bathrooms, two kitchens."
Additional complaints from residents include waste management issues, with one reporting rat problems from overflowing bins. Many occupants reportedly work at Kings Mill Hospital, located 1.7 miles away. Residents stressed their objection relates to the concentration of HMOs rather than individual tenants.
HMOs have gained appeal among landlords facing rising costs and regulation in the buy-to-let sector. The National Residential Landlords Association recently published data showing licensing costs for landlords ranging from £750 to more than £2,100. Mansfield District Council has been contacted for comment regarding the concentration of HMOs in Princes Street and potential planning restrictions.