5 bed terraced house

The property is a five-bedroom, five-bathroom HMO on Nottingham Road, Derby, located near Rolls-Royce's Raynesway operation and Derby rail station, accessible by direct bus and within 0.83 miles away. The property has a gross yield of 11.7% at full occupancy and has been comprehensively refitted in 2024. The 2024 works included rewiring with an electrical installation certificate and building four en-suite bathrooms with building regulations approval. The property has a HMO licence in place, making it a competitive advantage in an Article 4 area. The rooms are let on an all-inclusive basis at £450-£475 per month, and the current gross income is £21,900 per year with scope to increase to £28,500 at full occupancy. The property has a freehold tenure, solid brick construction, gas central heating, and no off-road parking but street parking is available nearby.