Summary -
4 Albemarle Road,Chaddesden,DERBY,DE21 6UG
DE21 6UG
4 bed 2 bath Terraced
Excellent rental yield potential in a well-connected Derby neighbourhood.
Potential 12% yield based on previous £1,745 pcm house-share income
Four spacious bedrooms; master benefits from an en-suite shower
Two bright reception rooms and 1,332 sq ft of living space
Worcester combination boiler; mains gas central heating present
Large front and rear gardens; decent outdoor space
Dated 1980s kitchen and general need for modernization/refurbishment
Area classified as very deprived with above-average crime statistics
Freehold, no upward chain but budget for refurbishment and management
This mid-20th-century four-bedroom terraced freehold offers a clear income or family-use proposition in DE21. Previously operated as a four-room house share producing £1,745 pcm, the property demonstrates strong rental potential (circa 12% yield at the asking price). The layout includes two reception rooms, a fitted kitchen with Worcester combi boiler, an en-suite to the master and a separate shower cubicle in bedroom three.
The house sits on decent front and rear gardens and provides 1,332 sq ft of living space across multiple storeys. Practical features include gas central heating and a family bathroom; broadband and mobile signal are both strong in the area. Nearby schools include several rated Good, offering appeal to lettings aimed at families or professionals.
Important drawbacks are straightforward: the property needs modernization throughout (notably the dated 1980s kitchen and overall interior), and the local area is classified as very deprived with above-average crime — factors that may affect tenant mix, management needs and resale timing. Buyers should budget for refurbishment costs and consider management arrangements if keeping it as an HMO or multi-let.
For investors, the confirmed historic income and freehold tenure are attractive, but underwriting should reflect refurbishment spend, void risk and local socioeconomic indicators. For owner-occupiers seeking space, this is a generous family layout offered with no upward chain, provided you accept renovation work is required.
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