Summary - 54 GERARD STREET NORTH DERBY DE1 1PA
6 bed 3 bath Terraced
Ready-made licensed HMO with strong rental returns and upgrade potential.
- Six double bedrooms, each with private en-suite shower room
- Two rooms include self-contained kitchenettes for added tenant independence
- Circa £30,000–£32,000 annual rental income (operational HMO)
- HMO licence and safety certificates reported up to date
- Freehold property within walking distance of station and university
- Very high local crime and area classified as very deprived
- Small rear yard/plot; limited external amenity space
- Solid brick walls likely without modern insulation; energy upgrades advised
A ready-made income-producing HMO in Derby city centre, offered with a strong annual rental return circa £30–32k. The mid-terraced Victorian property is arranged over multiple floors with six double bedrooms, each with an en-suite shower room, and two rooms fitted with kitchenettes—providing flexible tenancy options for professionals or students. The property is sold freehold and benefits from double glazing, gas central heating, and an up-to-date HMO licence and safety certificates.
Communal facilities include a fitted kitchen and a small rear yard, supporting easy tenant turnover and low-maintenance management. Its central location places public transport, Derby train station, University of Derby and city amenities within walking distance, helping sustain occupancy in a neighbourhood popular with students and young professionals.
Buyers should weigh safety and running considerations: the area is classified as very deprived with very high crime levels, and the plot and garden are small. The solid brick walls (original build) likely lack modern insulation, so energy-efficiency improvements could be needed to reduce bills and future-proof the asset. The property is presented as an operational HMO, making it best suited to an investor comfortable with city-centre letting and active asset management.
There is clear potential to increase net yield through targeted refurbishment and energy upgrades, or to retain stable income as a fully tenanted house in multiple occupation. The guide price reflects the city-centre location and current income stream—this is a practical, high-yield purchase for investors seeking immediate rental return with scope for value enhancement.
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