Bass Street, Derby, Derbyshire, DE22

Established Seven-Bedroom Licensed HMO with Value-Add Potential



Guide Price: £349,000



Key Features

Established seven-bedroom licensed HMO

Gross rental income of £37,944 per annum

Attractive gross yield of approximately 10.87%

Located within Derby’s Article 4 area

Substantial Victorian terraced property

Seven well-proportioned bedrooms

One existing en-suite bedroom

Two further shared bathrooms

Potential to create additional en-suite facilities

Separate laundry room and ground-floor WC

Mature private rear garden

Strong income and asset-enhancement potential

Property Description



Generating £37,944 per annum and offering an attractive gross yield of approximately 10.87%, this substantial seven-bedroom licensed HMO combines immediate income with significant value-add potential.



Arranged over three floors, the property provides seven well-proportioned bedrooms, including one existing en-suite bedroom, two further shared bathrooms, a traditional kitchen and dining area, separate laundry room, ground-floor WC and a mature private rear garden.



The property retains a range of original period features and benefits from the generous room sizes associated with Victorian accommodation, making it particularly well suited to professional or student sharers.



Its existing HMO licence and position within Derby’s Article 4 area provide an important planning advantage and a significant barrier to entry for competing HMO developments.



Value-Add Potential



The size and layout of the accommodation provide clear potential to introduce additional en-suite facilities, with the possibility of creating an en-suite arrangement for each bedroom, subject to the necessary consents, building regulations and technical assessment.



Upgrading the accommodation could support higher rental values, broaden tenant appeal and enhance the property’s long-term commercial performance.



The combination of established rental income, a double-digit gross yield, existing licensing and meaningful value-add potential makes this an attractive acquisition for both experienced HMO operators and investors seeking a higher-yielding residential asset.



Investment Summary

Guide price: £349,000

Gross rental income: £37,944 per annum

Monthly rental income: £3,162

Gross yield: Approximately 10.87%

Current configuration: Seven bedrooms, including one en-suite

Potential configuration: Up to seven en-suite bedrooms, subject to consents

Licensing: Valid HMO licence in place

Planning designation: Article 4 area



Further tenancy, licensing and financial information is available to serious investors upon request.