Nottingham Road, Derby, Derbyshire, DE21

A five-bedroom, five-bathroom HMO on Nottingham Road, Derby. Fully licensed, Article 4-protected, and comprehensively refitted in 2024. Gross yield of 11.7% at full occupancy on the asking price of £235,000.

The location is ideal for this asset class. Rolls-Royce's Raynesway operation is accessible by direct bus along the A52 corridor. Derby rail station sits 0.83 miles away with services to Nottingham, Leicester, and London St Pancras.

The tenant profile here is working professionals who commute rather than drive, the property is within 0.13 miles of a bus stop and under a mile from the station. The lack of off-road parking at the property has not been a barrier to letting, and the rental demand supports that.

The 2024 works were substantive. Rewired with an electrical installation certificate. Four en-suite bathrooms built with building regulations approval obtained and submitted to Derby City Council.

The HMO licence is in place. In an Article 4 area, that licence represents a genuine competitive advantage, no competitor can create a new HMO on this road without a planning application, which protects the rental rates that the existing stock commands.

Rooms are let on an all-inclusive basis at £450-£475 per month. Four rooms are currently tenanted, producing £21,900 per year. The fifth room is currently vacant; the vendor is actively marketing it with the stated intention that it will be fully tenant before completion.

At full occupancy, gross income reaches £27,600 per year (11.7% gross yield) with scope to bring all rooms in line at £475 per calendar month, totalling £28,500 (12.1% gross yield).

Total bills across all outgoings run to approximately £5,300 per year, giving a net income of around £22,300 at the current room rates before management fees (currently self-managed), maintenance, and insurance.

Each room comes fully furnished. No chain.

A 2.5% + VAT reservation fee secures the property exclusively, removes it from the market, and eliminates competing offers during the conveyancing period.

Contact Seven Generations Property Brokers for more details and to register your interest.


PROPERTY FACTS

Tenure: Freehold
Address: Nottingham Road, Derby, DE21 6FP
Council Tax: Band B - £1,794 per year (Derby City Council)
EPC: C (71 current / 87 B potential) - valid until December 2034
Construction: Solid brick enclosed mid-terrace, pre-1900; standard construction
Heating: Gas central heating, boiler and radiators
Parking: No off-road parking; street parking available in surrounding roads
Broadband: Ultrafast available to 1,000 Mbps
Mobile: O2, Three, Vodafone - full indoor coverage; EE partial indoor signal
Flood Risk: Very low (rivers, seas, and surface water - Environment Agency)
Radon: Band 3 (3-5% probability zone - within normal range, no remediation required)
HMO Licence: In place - Article 4 designation area, Derby City Council
Floor Area: approx. 109m² / 1,173 ft²
Restrictions / Rights of Way: None known


ANTI-MONEY LAUNDERING
We are required by law to verify the identity of all prospective buyers. A non-refundable identity verification fee applies once an offer has been accepted and is payable before the property can be marked Sold Subject to Contract.

RESERVATION FEE
A reservation fee of 2.5% + VAT of the agreed purchase price is required to secure this property. This fee removes the property from the market and grants the buyer exclusive access to proceed to exchange, eliminating gazumping and competing offers during the conveyancing period.

REFERRAL FEES
We may introduce buyers to third-party conveyancing and financial services. We may receive a referral fee for such introductions. Use of these services is entirely optional.

ACCURACY OF PARTICULARS
Measurements are approximate. Services, appliances, and heating systems have not been tested by Seven Generations Property Brokers. Property details and income figures are based on vendor-supplied information and should be independently verified by the buyer's professional advisers. These particulars do not form part of any contract.