Summary - 347 NOTTINGHAM ROAD DERBY DE21 6FP
6 bed 1 bath House of Multiple Occupation
Immediate rental income with scope to increase returns through refurbishment.
Six-bed freehold HMO with long-term tenants in situ
This freehold six-bedroom house of multiple occupation on Nottingham Road offers an immediate income stream with long-term tenants in situ. Currently producing a gross income of £29,640, the letting can be re-priced to an estimated £34,020 at market rents, presenting clear uplift potential for a buyer-focused investor.
The property is a single-story building with extensions and a large garden/plot, giving scope for reconfiguration or further investment-led improvements. Interior photos and descriptions indicate contemporary kitchen fittings but overall modernization and tidying are needed; the layout includes only one bathroom, which constrains HMO capacity and may limit rental optimisation without works.
Buyers should weigh the advantages—existing tenancy, freehold title, fast broadband and excellent mobile signal—against local challenges. The area is classified as very deprived with above-average crime and a constrained rental market profile; a buyer’s premium applies to this sale. This is best suited to a hands-on investor or developer comfortable delivering refurbishment and management in a higher-needs location.
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