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Merchant Street, Derby, DE22

PROPERTY TYPE

Terraced

BEDROOMS

5

BATHROOMS

3

SIZE

1,206 sq ft

112 sq m

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

  • Registered HMO INVESTMENT
  • Ideally located off Ashbourne Road
  • Walking Distance to City Centre and University
  • Generous Communal Space including Open Plan Living Kitchen Area
  • Five Bedrooms
  • Three Shower Rooms
  • Rear Enclosed Garden
  • Yield at full capacity - approx £29,000 Per annum - bills included
  • Rooms equipped with Bed, wardrobe and desk/chair. Communal areas also furnished.

Description

This registered HMO investment property offers an exceptional opportunity for investors seeking a well-positioned and high-yield asset in Derby. Situated just off Ashbourne Road, the property is ideally located within walking distance of both the city centre and the University of Derby, making it highly attractive to students and professionals alike. The house is thoughtfully arranged, providing generous communal space including an open plan living and kitchen area, which is fully furnished for convenience. There are five well-proportioned bedrooms, each equipped with a bed, wardrobe, desk, and chair, ensuring a comfortable and practical living environment for tenants. The property also benefits from three modern shower rooms, reducing waiting times and enhancing the appeal for multiple occupants. Currently part occupied and offered on a bills-inclusive basis, the property has the potential to generate an annual yield of approximately £29,000 when fully let. The communal areas are also furnished, further reducing initial set-up costs for investors and ensuring the property is ready for immediate occupation.

To the rear of the property, residents can enjoy an enclosed garden that provides a pleasant outdoor retreat. This space features a paved patio area, ideal for outdoor seating or social gatherings, as well as a lawned garden that adds a touch of greenery and space for relaxation. The garden is securely enclosed, offering both privacy and safety for occupants. There is shared access to the front of the property, providing a practical route for bicycles or garden maintenance. This well-maintained outside space enhances the overall appeal of the property, offering tenants a valuable extension to the communal living areas and contributing to the property’s popularity amongst renters. With its combination of attractive internal accommodation, excellent location, and practical outdoor space, this property represents a strong and reliable investment opportunity in one of Derby’s most sought-after areas.
EPC Rating: C

Entrance Hallway

Radiator. Stairs to first floor. Access to ground floor bedroom and communal living/kitchen.

Living Area

3.67m x 4.67m

Window to front, two radiators, under stairs storage. Laminate floor. Archway feature to:

Kitchen Area

3.3m x 2.65m

Window and door to rear. Tiled floor. Having a range of wall and base units with inset stainless steel sink and drainer and contrasting working surfaces extending to breakfast bar style seating looking into the living area. Built in electric oven and hob with extractor over.

Utility Area

1.2m x 2.64m

Window to rear. Tiled floor. Washing machine point. Wall mounted gas boiler. Access to both downstairs shower rooms.

Ground Floor Shower Room One

Window to rear. Having shower cubicle, wash hand basin set into vanity style unit. Low level WC. Radiator. Tiled floor.

Ground Floor Shower Room Two

Shower cubicle, wash hand basin set into vanity style unit, low level WC, radiator. Tiled floor.

Ground Floor Bedroom

2.48m x 5.04m

Window to front, Radiator.

First Floor Landing

Loft Access, radiator.

First Floor Bedroom Two

2.51m x 3.45m

Window to front, Radiator.

First Floor Shower Room

Shower cubicle, wash hand basin set into vanity style unit, low level WC, radiator. Tiled floor.

First Floor Bedroom Three

4.45m x 2.12m

Two windows to rear, Radiator.

First Floor Bedroom Four

2.73m x 3.67m

Window to rear, radiator.

First Floor Bedroom Five

4.65m x 3.9m

Two windows to front. Built in triple wardrobe. Radiator.

Garden

To the rear of the property is an enclosed garden with paved patio area and lawn garden. Shared access to the front.

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: C
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
Private garden
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Merchant Street, Derby, DE22

Approximate location

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Affordability

Monthly repayments£1,257
Property: £ 250,000
Deposit: £ 25,000
Interest rate: 5.35%
Term: 30 years
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Extension potential
Recently sold & under offer
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About Sure Sales & Lettings, Burton-On-Trent

8 Eastgate Business Centre Eastern Avenue Stretton Burton-On-Trent DE13 0AT
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With over 20 years of experience to call upon Sure Sales & Lettings have been letting and selling homes across Burton-on-Trent and Derby for many years. Since opening our Burton-upon-Trent branch in 2003 we have expanded across the region and have been at the forefront of the lettings industry since 2003 and the sales market since 2016.

Investing in the latest technology as well as employing highly motivated and highly trained property professionals means that whether you are looking for the right home or looking to rent your home we have the right people to assist you every step of the way.

Many of our customers return to us time after time. Not just for our ability to find or market a property, but for sound honest advice. Even if you find yourself dealing with one of our competitors, we are always here to help. It is this attitude which we hope will lead you to our door.

Sure Sales and Lettings

Here at Sure Sales & Lettings we understand how important selling or letting your home can be and what a big decision it is for you to move home. Drawing upon 20+ years of experience, we strive to change your perception of estate agents and give you the best possible moving experience. We're proud to say we've won multiple awards over the years including multiple British Property Awards for both our sales and lettings teams.

Whether you're a first time buyer finding your feet in the housing market, a seasoned home mover looking with specific requirements, or whether you're looking for a buy to let investment; with our extensive range of properties to buy and rent we are certain to have a property you'll love. Our friendly, professional team of estate agents are dedicated to working night and day to secure you the home you have always wanted.

We really listen to what you are searching for and no matter what stage of the sales process you are in, our dedicated team will always be there to help and assist you every step of the way.

Sure Sales & Lettings, family values. Professional support.

So why not contact Sure Sales & Lettings today for your FREE market appraisal.

Sure Sales and Lettings LTD is a member of The Property Ombudsman Scheme and the Propertymark Client Money Protection Scheme. Our landlord and tenant fees can be found at https://surepropertyburton.co.uk/knowledge-base/letting-fees/

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Disclaimer - Property reference 2470df95-2e87-44cb-9e35-b074825929d8. 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 Sure Sales & Lettings, Burton-On-Trent. 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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