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.

Rooms

Entrance Hall
Accessed via the double glazed front entrance door, having stairs to the first floor and doors leading to:

Communal Kitchen 12'5" x 10'0" (3.80m x 3.05m)
Comprising of a range of wall and base units with two double ovens and two inset hobs. The kitchen also benefits from a window to the side elevation, radiator and door leading to:

Bedroom One 12'2" x 12'7" (3.73m x 3.84m)
Having a radiator, double glazed window to the front elevation and door leading to the ensuite shower room.

Ensuite Shower Room 1 5'10" x 3'1" (1.79m x 0.96m)
Comprising of shower enclosure, WC and vanity wash hand basin as well as a heated towel rail.

Ensuite Shower Room 2 5'11" x 3'1" (1.82m x 0.95m)
Comprising of shower enclosure, vanity wash hand basin and WC. Having splashback panelling.

Ensuite Shower Room 3 5'10" x 3'6" (1.79m x 1.07m)
Comprising of vanity wash hand basin, shower enclosure, WC and heated towel rail.

Bedroom Two 13'4" x 9'8" (4.08m x 2.95m)
Having a radiator and double glazed double doors leading to the rear garden.

Bedroom Three 11'7" x 9'0" (3.55m x 2.75m)
Located off the kitchen and having a radiator and double glazed window to the rear elevation.

Ensuite 1 5'6" x 4'5" (1.69m x 1.37m)
Having a shower enclosure, wash hand basin and WC.

Ensuite 2 6'8" x 2'11" (2.04m x 0.90m)
Comprising of shower enclosure and vanity wash hand basin.

First Floor Landing
Having doors leading to:

Bedroom Four 12'9" x 12'3" (3.91m x 3.75m)
Having a radiator and two double glazed window to the front elevation.

Bedroom Five 13'5" x 10'4" (4.09m x 3.15m)
Having a radiator and double glazed window to the rear elevation.

Bedroom Six 9'3" x 10'0" (2.84m x 3.07m)
Having a radiator and double glazed window.

Shower Room 5'3" x 6'8" (1.62m x 2.04m)
Having a shower enclosure, wash hand basin, WC and double glazed window to the side elevation.

Disclaimer
haart Estate Agents also offer a professional, ARLA accredited Lettings and Management Service. If you are considering renting your property in order to purchase, are looking at buy to let or would like a free review of your current portfolio then please call the Lettings Branch Manager on the number shown above. haart Estate Agents is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.

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6 bedroom terraced house for sale

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