Summary - 55 CROMPTON STREET DERBY DE1 1NX
4 bed 1 bath Terraced
**Standout Features:**
- Fully tenanted HMO generating £19,240 annually
- Four bedrooms, including a loft room
- Located near Derby city center with excellent transport links
- Ideal for investors seeking immediate rental income
- Freehold with low council tax band A
**Concerns:**
- Requires renovation for enhanced appeal
- High crime rate in the area
- Solid brick walls assumed to lack insulation
Discover a promising investment opportunity with this fully tenanted, four-bedroom HMO in the heart of Derby. Currently generating an annual rental income of £19,240, this mid-terrace property is perfectly suited for investors looking for an immediate return. The home features all double rooms, a spacious communal kitchen, and a functional layout that attracts professional tenants due to its close proximity to Derby city center, bus routes, and a diverse range of local amenities.
While the property is lettable as-is, there is noticeable room for cosmetic renovations that could enhance its attractiveness and increase rental returns. With potential for conversion into a five-bedroom HMO, savvy investors can unlock even greater income potential. Keep in mind that the area has a high crime rate and the property's solid brick structure may lack adequate insulation, which should be factored into your planning. Seize this chance to invest in a well-located property in a vibrant neighborhood known for strong tenant demand, before it's snapped up!
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