King Alfred Street, Derby, Derbyshire, DE22 3QJ

Exceptional 17-Bed Luxury HMO + 2 Bed Coach House in a Prime Derby City Location.

Freehold Investment Opportunity, Fully Refurbished to a high standard, 19 Bedrooms, High-Yielding Asset.

Situated just half a mile from Derby City Centre, this outstanding freehold property enjoys an enviable location within easy walking distance of Derby's shops, restaurants, nightlife, offices, and transport links. The property's proximity to key employment hubs and city amenities ensures consistently strong tenant demand and excellent occupancy levels.

This impressive building has been comprehensively refurbished from the brickwork up, creating a high-specification, fully self-contained HMO designed for modern professionals seeking premium accommodation.

The property comprises:
17 luxury HMO studios, each fully self-contained with:
Private en-suite shower room.
Modern kitchenette.
Workstation / desk area.
High-quality fixtures and finishes throughout.
Additional 2-bedroom coach house, also self-contained, offering independent living accommodation, ideal for management, serviced let, or premium tenants.

Total: 19 bedrooms, 19 bathrooms, all finished to an exceptional standard.

In addition to the self-contained rooms, residents enjoy access to communal kitchens and shared social spaces, offering flexibility and a sense of community within a professionally managed environment.

Accommodation Summary:
Room sizes range from 14 to 21 sq. m., providing generous, comfortable living spaces.
Fully compliant with all HMO licensing and fire safety standards.
Low maintenance, energy-efficient design.

Financial Summary:
Gross annual rent: £163,000
Net annual income: £133,600 (after running costs)
Asking price: £1,650,000
Gross yield: 9.9%
Net initial yield: 8%

This is a turnkey investment generating immediate income from a strong tenant base, with an exceptional yield profile in one of the East Midlands' most active rental markets.

Investment Highlights
Freehold asset; no ground rent or service charges.
Fully let and income-producing from day one.
19 self-contained units (17 studio rooms + 2-bed coach house).
Premium design and specification; ensuite, kitchenette, workstation in every room.
Prime city-centre location; 0.5 miles to Derby CBD, shopping centre, nightlife & amenities.
Low maintenance & professionally refurbished throughout.
Strong yields; 9.9% gross / 8% net.
Excellent capital growth potential in a high-demand area

Summary:
A rare opportunity to acquire a high-income, high-quality HMO investment in the heart of Derby City. With its premium fit-out, excellent tenant profile, and impressive yields, this property represents one of the best performing HMO assets currently available in the East Midlands.