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Wolfa Street, Derby

PROPERTY TYPE

Terraced

BEDROOMS

6

BATHROOMS

6

SIZE

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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

  • HMO Licence Applied
  • Six Potential Bedrooms
  • Fully Refurbished Throughout
  • Modern Shower Rooms
  • Refitted Shared Kitchen
  • Investment Opportunity

Description

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.

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.

Brochures

Material InformationBrochure
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.
Ask agent
GARDENA property has access to an outdoor space, which could be private or shared.
Yes
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
Ask agent

Wolfa Street, Derby

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About haart, Derby

24-25 Cornmarket, Derby, DE1 2DP
Industry affiliations:

Derby is an easy city to get around and handy for other major centres in the East Midlands. Just the other side of the M1 is Nottingham; Sheffield is 20 miles north and Leicester 30 miles south. There are rail services to a wealth of destinations including London, Birmingham and Sheffield; and East Midlands airport is only 20 minutes away.

Derby has some lovely residential areas, including Mickleover, Allestree, Littleover and Oakwood. New developments are springing up all the time too, including Norman House and Celtic House in the city centre which offer studio, and one and two bed apartments.

Whatever you like to do, you can probably do it in Derby. The Derby QUAD has an art gallery, cinemas, cafe bar and artists' studios, while Déda is a dance centre, running classes in everything from ballet to circus skills.

The haart Derby team is here Monday to Saturday. Come and see us at 25 St James Street or give us a call.

haart

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Your mortgage

Per year
Lenders usually expect a 10% deposit
%
Choose between 2 and 40 years
Years
Current average is 4.5%
%
Monthly repayments
£1,277
We think you can borrow up to
Add your household income above
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Disclaimer - Property reference 0133_HRT013327498. 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 haart, 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.

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