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Charnwood Street, Derby, Derbyshire, DE1 2GU

PROPERTY TYPE

Town House

BEDROOMS

9

BATHROOMS

4

SIZE

Ask agent

TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Key features

  • Incredible Nine Bedroom HMO Investment Opportunity
  • Current Yield Of 12.06%
  • Yearly Income Of Circa £42,000
  • Fully Furnished Throughout
  • Minimal Void Periods & Well Maintained Throughout
  • Sizeable Kitchen Space, Symmetrical With Ample Storage And Cooking Space For All Tenants
  • Useful Communal Reception Room Just Off Kitchen, With Allocated Locked Cupboard For Each Tenant
  • Cellar Laundry Room With Pay-As-You-Go Facilities
  • Out Door Space Ideal For Bike Storage
  • Nine Double Bedrooms

Description

Nestled in the heart of Derby, this extraordinary nine-bedroom HMO property presents an unparalleled investment opportunity for discerning buyers seeking a turnkey venture in the thriving rental market. Designed to maximise both comfort and profitability, this property boasts a current yield of 12.06%, generating an impressive yearly income of approximately £42,000. With its fully furnished interiors and a variety of tenant-centric features, this residence has been meticulously crafted to ensure minimal void periods and optimal tenant satisfaction.

Spacious Accommodation

The property features nine generously proportioned double bedrooms, each thoughtfully designed to provide ample space for relaxation and personalisation. The fully furnished rooms cater to modern living requirements, making them highly appealing to tenants. Each bedroom is well-lit, boasting contemporary furnishings, and provides a warm and inviting atmosphere. Two of the rooms boast useful en-suites


Functional Communal Areas

At the heart of this property lies a sizeable kitchen space that has been symmetrically designed to accommodate the needs of multiple tenants. With ample storage and abundant cooking facilities, this kitchen ensures that all tenants have a seamless culinary experience. Just off the kitchen is a practical communal reception room—a perfect space for tenants to socialise, relax, or unwind after a busy day. Each tenant has their own allocated locked cupboard in the reception room, providing personalised storage options and further enhancing the practicality of the property. With additional fridge and freezer in the cellar. Whilst the kitchen boasts under counter fridges.

Convenience and Utility

The property also features a cellar laundry room equipped with pay-as-you-go facilities, ensuring that tenants have convenient access to essential services without the need to travel. This added feature is a significant draw for potential tenants, enhancing the overall appeal of the property.

Outdoor Amenities

Beyond its interior offerings, the property includes outdoor space specifically designed for bike storage, accommodating the needs of environmentally conscious tenants or those who prefer cycling as their primary mode of transport. This additional feature highlights the property’s consideration for modern urban living.

Investment Appeal

With its remarkable yearly income and minimal void periods, this property is an exceptional investment opportunity. It is fully furnished throughout, eliminating the need for any initial setup costs. The layout and amenities have been carefully planned to attract long-term tenants, ensuring a consistent and reliable income stream. The current yield of 12.06% exemplifies the property’s financial potential, making it an ideal choice for investors looking to expand their portfolio in the competitive Derby market.

Prime Location

Situated in Derby, a city known for its robust rental market and vibrant community, the property benefits from excellent transport links, local amenities, and a dynamic social scene. Its central location ensures strong tenant demand, further solidifying its status as a standout investment property.

Conclusion

In summary, this nine-bedroom HMO property in Derby is a rare gem that combines outstanding financial performance with tenant-focused design. From its spacious bedrooms and functional communal areas to its convenient laundry facilities and outdoor storage solutions, every aspect of this property has been tailored to meet the needs of today’s tenants. With an impressive yield of 12.06% and a yearly income of circa £42,000, this investment opportunity is not to be missed. Whether you are a seasoned investor or new to the property market, this turnkey HMO is poised to deliver exceptional returns and long-term success.
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: B
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
On street
GARDENA property has access to an outdoor space, which could be private or shared.
Ask agent
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Charnwood Street, Derby, Derbyshire, DE1 2GU

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About Cope & Co, Derby

Canterbury House, Stephensons Way, Derby, DE21 6LY
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We are a team of passionate property people on a mission to be a new breed of estate agent in your area.

At Cope & Co., we intertwine the strength of family values with professional expertise to guide every client towards their home and property objectives.

We pledge to understanding each client's individual journey and ensure that every step is personal, proficient, efficient and in harmony with their goals.

A new home is far more than just money, bricks and mortar. It's a place to call your own and create unforgettable memories. It's an opportunity for growth and independence. It's a way of starting a new chapter, planning for the future, and building the life you want to live.

We are a friendly team of local property experts, selling and letting homes across the whole of Derbyshire and East Staffordshire. Our goal is to provide a first-class service and to offer a personal and proactive approach that we believe is paramount to helping our customers achieve property success.

When you buy, sell, let or rent through Cope & Co, you'll be working with professionals who understand the true value and importance of a home. We will support you at every stage of your property journey to help you achieve your individual objectives.

Your mortgage

Per year
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%
Choose between 1 and 40 years
Years
%
Monthly repayments
£1,629
We think you can borrow up to
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Disclaimer - Property reference PRF_DRB_LFSYCL_575_764409307. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Cope & Co, Derby. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
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