Summary - 56 CROMPTON STREET DERBY DE1 1NX
3 bed 1 bath Terraced
**Standout Features:**
- Fully tenanted House in Multiple Occupation (HMO)
- Current annual rental income: £19,240
- Ideal investment opportunity with potential for rental growth
- Freehold ownership
- Located close to Derby city centre
- All bedrooms are generously sized doubles
- Chain-free sale
**Notable Concerns:**
- Requires renovation to modernize key areas
- Very high crime rate in the area
- Local area classified as very deprived
Discover a promising investment with this fully tenanted 3-bedroom terraced house strategically located near Derby city centre. Producing a reliable annual rental income of £19,240, this property features spacious double rooms, a shared kitchen, and a well-appointed bathroom, making it an attractive option for professional house shares. The loft room adds extra space, providing potential for a fourth or even fifth bedroom—ideal for maximizing rental yield.
While the property is currently generating income, a light refurbishment will enhance its appeal and marketability. Positioned amidst a vibrant community with an array of amenities, and upcoming attractions like the Becketwell Arena, this property is set to benefit from ongoing urban revitalization.
However, potential buyers should note the need for renovations and acknowledge the surrounding area's high crime rate and deprivation classification. With its competitive price of £175,000, this unique investment opportunity offers excellent potential for growth in an evolving neighborhood. Don’t miss out on the chance to add value while enjoying the comforts of a city lifestyle!
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