No longer on the market
This property is no longer on the market
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Floorplan
Map3 bedroom terraced house
Sold STC
Terraced house
3 beds
1 bath
1140
EPC rating: D
Key information
Features and description
- Fully tenanted HMO
- Current annual rental income - £19,240
- All double rooms
- Professional house share
- Close to Derby city centre
- Council Tax band A
- Ideal investment opportunity
- Freehold
This well-maintained 3-bedroom HMO with an additional loft room is offered to the market as a turnkey investment, ideal for investors seeking immediate rental income in a high-demand area.
The property is fully tenanted, generating consistent income, and features three generously sized bedrooms, a spacious communal kitchen, a well-appointed bathroom, and a converted loft room that provides valuable additional space.
While the property is already income-producing, light refurbishment is recommended to modernise key areas and further improve rental yield. Subject to the necessary consents, there is also potential to reconfigure the layout to formally create a fourth or even fifth bedroom, unlocking greater rental income and maximising return on investment.
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 11' 7" x 9' 6" (3.55m x 2.90m)
LOUNGE 14' x 10' 9" (4.27m x 3.28m)
KITCHEN 9' 10" x 7' 10" (3m x 2.39m)
LEAN TO 10' 6" x 6' 6" (3.2m x 1.98m)
FIRST FLOOR
BEDROOM 1 14' 7" x 9' 8" (4.44m x 2.95m)
BEDROOM 3 16' 12" x 11' 11" (5.18m x 3.63m)
BATHROOM 9' 10" x 7' 10" (3m x 2.39m)
LOFT ROOM 16' 0" x 12' 3" (4.90m x 3.74m)
The property is fully tenanted, generating consistent income, and features three generously sized bedrooms, a spacious communal kitchen, a well-appointed bathroom, and a converted loft room that provides valuable additional space.
While the property is already income-producing, light refurbishment is recommended to modernise key areas and further improve rental yield. Subject to the necessary consents, there is also potential to reconfigure the layout to formally create a fourth or even fifth bedroom, unlocking greater rental income and maximising return on investment.
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 11' 7" x 9' 6" (3.55m x 2.90m)
LOUNGE 14' x 10' 9" (4.27m x 3.28m)
KITCHEN 9' 10" x 7' 10" (3m x 2.39m)
LEAN TO 10' 6" x 6' 6" (3.2m x 1.98m)
FIRST FLOOR
BEDROOM 1 14' 7" x 9' 8" (4.44m x 2.95m)
BEDROOM 3 16' 12" x 11' 11" (5.18m x 3.63m)
BATHROOM 9' 10" x 7' 10" (3m x 2.39m)
LOFT ROOM 16' 0" x 12' 3" (4.90m x 3.74m)
About this agent
We are proud to serve the communities of Derby and the surrounding areas - providing expert advice and support across the whole of the property market. We are proud that Martin & Co Derby was nominated as one of the top ten East Midlands letting agents and estate agents, by leading the ESTAs industry awards for two years running. Conveniently located on St James Street and in the heart the Cathedral Quarter, Martin & Co Derby is only minutes away from the M1, allowing easy access to both the north and south of the UK. The dedicated team at Martin & Co Derby is able to advise on all areas of sales, lettings and property management and together they ensure you receive a truly tailor-made service to suit your individual needs. If you're looking for a home to rent in the area or have a property for sale, please do get in touch with a member of our team who would be delighted to help.