Mill Hill Lane, Derby, Derby City
- PROPERTY TYPE
Terraced
- BEDROOMS
6
- BATHROOMS
6
- SIZE
1,787 sq ft
166 sq m
- TENUREDescribes 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
- Licensed 6-Bedroom HMO
- Six Spacious En-Suite Bedrooms
- £39,660 Annual Rental Income
- 10.58% Gross Yield
- Certificate of Lawful Development
- Investor Ready
Description
Guide Price: £375,000
Key Features
Established six-bedroom licenced HMO
Six large en-suite bedrooms
Gross rental income of £39,660 per annum
Attractive gross yield of approximately 10.58%
Fully tenanted and income producing
Proven history of low void periods
Certificate of Lawful Development in place
Within easy reach of Derby city centre
Convenient for local shops, transport and amenities
Turnkey investment opportunity
Established rental track record
Property Description
Generating £39,660 per annum and offering an attractive gross yield of approximately 10.58%, this fully tenanted six-bedroom, all-en-suite HMO represents a strong turnkey investment close to Derby city centre.
The property provides six individually arranged bedrooms, each benefiting from its own private en-suite facilities. This configuration offers a strong level of tenant privacy and helps distinguish the property within the local shared-accommodation market.
The HMO has an established operating history, with consistently low void periods and proven tenant demand. It is currently fully occupied, providing an incoming investor with immediate rental income from completion.
The property is conveniently positioned for Derby city centre, local shops, public transport and a broad range of everyday amenities, supporting continued demand from tenants seeking well-located accommodation.
A Certificate of Lawful Development is also in place, with further documentation available to interested parties upon request.
The combination of all-en-suite accommodation, established occupancy, immediate cash flow and a double-digit gross yield makes this an attractive acquisition for both experienced HMO operators and investors seeking a proven income-producing asset.
Investment Summary
Guide price: £375,000
Gross rental income: £39,660 per annum
Monthly rental income: £3,305
Gross yield: Approximately 10.58%
Configuration: Six bedrooms, all en-suite
Current status: Fully tenanted
Planning documentation: Certificate of Lawful Development in place
Location: Mill Hill Lane, Derby
Further tenancy, licensing, planning and financial information is available to serious investors upon request.
- 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.
- Ground floor
Mill Hill Lane, Derby, Derby City
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Visit our security centre to find out moreDisclaimer - Property reference 73MillHill. 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 Ibbotson Estates, 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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