4 bed terraced house for sale

Crompton Street, Derby DE1

Four bedroom HMO - ideally suiting the investor - turnkey investment.

Offered for sale is this four bedroom HMO being sold with tenants in situ. The property is currently generating £19,240 per annum. An excellent investment opportunity.

This four-bedroom HMO is offered to the market as a turnkey investment, perfectly suited for landlords seeking immediate rental income in the heart of Derby city centre-an area known for strong tenant demand, excellent transport links, and proximity to major employers and universities.

The property is currently fully tenanted, generating income from day one, and comprises three generously sized bedrooms, a loft room, a spacious communal kitchen, and a well-maintained bathroom. The layout is functional and appeals to professional tenants, thanks to its central location and access to local amenities.

While the property is in a lettable condition, there is scope for cosmetic refurbishment to enhance its appeal and boost rental returns. Crucially, the property also presents a value-add opportunity: With the right configuration and relevant permissions, there is potential to convert the property into a five-bedroom HMO, significantly increasing both occupancy and income potential.

Located within walking distance of Derby city centre, public transport links this property ticks all the boxes for a high-performing HMO investment.

Ground floor

hall

bedroom 1 9' 1" x 13' 0" (2.79m x 3.98m)

lounge 10' 9" x 13' 0" (3.29m x 3.98m)

kitchen 7' 8" x 10' 5" (2.35m x 3.20m)

utility room 7' 9" x 2' 11" (2.37m x 0.91m)

store 4' 5" x 3' 0" (1.37m x 0.92m)

first floor

bedroom 2 8' 7" x 13' 1" (2.62m x 3.99m)

bedroom 3 13' 9" x 12' 11" (4.21m x 3.95m)

bathroom 7' 7" x 14' 0" (2.334m x 4.27m)

loft room 17' 7" x 15' 4" (5.37m x 4.68m)

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.