Terraced House in Derby

Derby, DE1 2HJ

Terraced House

GBP 650,000

• 7 bedrooms
• 7 bathrooms

GUIDE PRICE £650,000 - £700,000 An outstanding opportunity to acquire a substantial freehold HMO investment in a well-established rental location close to Derby city centre. Currently configured as a 7-bedroom House in Multiple Occupation, the property generates an annual rental income of approximately £50,000, providing immediate income from completion. The property benefits from an approved change of use and conversion to a seven-bedroom HMO under planning reference 24/00012/FUL. What truly sets this investment apart is the clear opportunity for further value creation. There is scope to increase the accommodation to 10 bedrooms, subject to obtaining the necessary planning permission, presenting investors with the opportunity to significantly enhance rental income and overall investment returns. Located in a highly sought-after rental area, the property is ideally positioned for both professional tenants and students, with excellent access to Derby city centre, the railway station, the University of Derby, local employers, shops, bars, restaurants and transport links. Whether you're an experienced HMO investor looking to expand your portfolio or seeking a proper…