Summary - 69, Stonehill Road DE23 6TN
6 bed 6 bath House Share
Ready-income property close to Derby city centre with refurbishment potential.
All six rooms include ensuite shower, basin and WC
Currently fully tenanted, producing £2,845 pcm (£34,140 pa)
Freehold, mid-terrace property near Derby city centre
Professionally managed — hands-off operationally for new owner
Small overall size (approx. 797 sq ft) on a small plot
Local area: very deprived with above-average crime rates
Solid-brick walls likely uninsulated — potential EPC/insulation work needed
Income sensitive to voids; rental figure may change if rooms vacate
This six-bedroom HMO on Stonehill Road is set up for immediate income. All six rooms have ensuite facilities and the property is sold with tenants in situ, currently producing £2,845 pcm (£34,140 pa). The freehold tenure, city-centre proximity and excellent mobile and fast broadband make it straightforward to let to students or young professionals.
Internally the house is presented in a contemporary style: a modern, bright kitchen and updated en-suite shower rooms throughout. The mid-terrace, solid-brick building (circa 1900–1929) has double glazing installed post-2002 and mains gas central heating, reducing immediate major expenditure while offering scope for energy-efficiency improvements.
Important practical points for investors: the property is small (approx. 797 sq ft) on a small plot, and income depends on full occupancy — the stated rent may change if rooms become vacant. The local area shows very high deprivation and above-average crime levels; these factors influence tenant demand and management overheads.
There is clear potential to improve yield by addressing thermal performance (solid brick walls assumed uninsulated) and by active management of voids and operating costs. Council tax band A and good transport links close to Derby city centre support continued lettability, but budget for ongoing maintenance and possible retrofit works.
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