Summary - FLAT 1, 23, YORK STREET DE1 1FZ
7 bed 1 bath Terraced
Close to Derby University and city centre with proven room-by-room income potential.
Seven bedrooms across two flats (4-bed and 3-bed)
Gross income £39,600pa; guide-price yield c.14.4%
Two vacant rooms in Flat Two; rooms let on individual ASTs
Auction sale 29/10/2025 — 10% deposit and buyer’s fee apply
uPVC double glazing, mains gas boiler and radiators
Solid brick (pre-1900) with assumed no wall insulation
High local crime and area deprivation; medium flood risk
Small plot with enclosed low-maintenance rear garden
An unusually high-yield freehold investment near Derby city centre and the university, this former public house is laid out as two self-contained flats (four-bed and three-bed). When fully let the property currently produces a combined gross rental income of £39,600pa, giving an indicative 14.4% return based on the guide price — strong numbers for a buy-to-let portfolio seeking immediate cashflow.
The building retains period mid-terrace character, with uPVC double glazing and gas central heating. Internally the ground floor flat offers an L-shaped open-plan living/kitchen/diner, four bedrooms and two shower rooms; the first-floor flat has three double bedrooms, a fitted kitchen and a shower room. Outside is an enclosed low-maintenance rear garden.
This is a sale by auction (29 Oct 2025) with immediate exchange on sale, a 10% deposit and buyers’ fee payable. Two rooms in Flat Two are currently vacant (previously let), and the tenancy model is individual assured shorthold agreements per room — attractive for HMO-style landlords but needing active management. Note the area has high crime and deprivation indicators, a medium flood risk, and the building is solid-brick with assumed no wall insulation — all factors to include in budgeting and risk assessment.
Suitable for investors targeting student or HMO lettings who can manage room-by-room tenancies and respond to local market conditions. EPC ratings of C (both flats) and mains gas heating are positives; plan for proactive management and possible energy-improvement works given the age and construction of the property.
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