- HMO Licence Applied +
- Six Potential Bedrooms +
- Fully Refurbished Throughout +
- Modern Shower Rooms +
- Refitted Shared Kitchen +
- Investment Opportunity +
A fantastic investment opportunity to acquire a substantial property on Wolfa Street, with an HMO licence currently under application to operate as a six-bedroom HMO.
The property has recently undergone a comprehensive refurbishment to a high standard throughout, making it an ideal purchase for investors seeking a well-presented asset with strong future income potential. Internally, the accommodation is well laid out and now offers six generously sized bedrooms, all of which have been designed with lettability and tenant comfort in mind, subject to the granting of the HMO licence.
The refurbishment includes modern refitted shower rooms, finished with contemporary fixtures and fittings, alongside a stylish refitted kitchen providing ample storage, preparation space and facilities suitable for multi-occupancy living. The overall finish is clean, modern and low-maintenance, reducing the need for immediate further capital expenditure.
The layout has been carefully configured to support a six-bedroom HMO model, with accommodation well suited to private letting arrangements alongside shared facilities. Once the HMO licence is granted and the property is operated by new owners, it offers flexibility to be run in line with the owner’s preferred HMO strategy.
Situated on Wolfa Street, the property is within walking distance of Derby city centre and offers excellent access to Derby University and the Royal Derby Hospital, as well as convenient access to local amenities and transport links, supporting its long-term suitability for multi-occupancy use.
Upon successful licensing, the property offers the potential for multiple income streams and attractive rental yields, making it an excellent addition to an existing portfolio or a strong entry point into the HMO market for new investors.
Early viewing is highly recommended to appreciate the quality of refurbishment and the future potential on offer.