- Ideal investment opportunity +
- Current annual rental income - £18,460 +
- Modern fitted kitchen +
- Four bedroom HMO +
- Close to Derby city centre +
- Council tax band - A +
- Being sold with tenants in situ +
- Freehold +
- EPC rating D +
- Ideal investors opportunity +
This well-positioned 4-bedroom HMO is offered to the market as a turnkey investment, ideal for landlords seeking immediate and reliable rental income. Located in a popular rental area with strong demand, the property is fully tenanted, making it a hassle-free addition to any investor's portfolio.
Internally, the property features four generously sized bedrooms, a spacious and functional communal kitchen, and a shared bathroom, all of which are well-suited to the needs of professional tenants. The layout offers comfortable shared living while keeping maintenance practical and efficient.
While the property is currently income-generating and in a lettable condition, light refurbishment or modernisation is recommended to enhance its appeal and rental value. Importantly, there is clear potential to convert the property into a 5-bedroom HMO (subject to necessary consents), further increasing occupancy levels and boosting monthly rental yields.
With its strong existing income, low void risk, and future value-add potential, this property represents an excellent opportunity for HMO investors.
THE LOCAL AREA Located in the heart of Derby city centre, offers a mix of urban amenities, historic charm, and green spaces, making it a lively and convenient place to live. The area is well-serviced by local bus routes, with Derby Bus Station nearby, offering easy access around the city and to surrounding areas. The area is also home to the new Becketwell Arena and is a state of-the-art live entertainment venue set to transform the city's cultural landscape. The 3,500-capacity venue will host a diverse range of events, including concerts, comedy shows,
sports, and conferences. The arena is a cornerstone of Derby's urban revival, aiming to boost the local economy and solidify the city's status as a hub for entertainment and community events.
GROUND FLOOR
HALL
BEDROOM 1 12' 2" x 10' 9" (3.71m x 3.28m)
KITCHEN 11' 1" x 8' 4" (3.38m x 2.54m)
BEDROOM 2 12' 5" x 6' 2" (3.78m x 1.88m)
FIRST FLOOR
BATHROOM 11' 8" x 9' 3" (3.56m x 2.82m)
BEDROOM 3 12' 2" x 10' 3" (3.71m x 3.12m)
BEDROOM 4 14' 6" x 12' 3" (4.44m x 3.74m)