Summary -
5, Merchant Street,DERBY,DE22 3AN
DE22 3AN
5 bed 3 bath Terraced
**Standout Features:**
- 5-bedroom HMO licensed investment property
- 3 modern shower rooms
- Walking distance to University of Derby campuses
- Currently generating £25,200 gross income over 48 weeks
- Furnished and ready for rental
- Freehold tenure with EPC rating of C
**Notable Concerns:**
- Compact room sizes may not suit all tenants
- Located in a very deprived area with high crime rates
Discover a prime investment opportunity in this well-located 5-bedroom terraced property on Ashbourne Road, perfect for investors looking to cater to students and professionals. This furnished HMO comes equipped with 3 shower rooms, maximizing tenant convenience and comfort. With a current gross income of £25,200 and both current tenancy agreements and a licence in place for the upcoming academic year, this property is ready to generate income from day one.
Ideal for those engaged with the University of Derby or the Royal Derby Hospital, you’ll appreciate the strategic location just minutes from campus and town amenities. While the compact room sizes may require consideration, the property’s maintenance needs are manageable, offering a straightforward path to passive income. Given its potential and location within a bustling cosmopolitan neighbourhood, this is an investment opportunity not to be missed. Schedule a viewing to experience this property firsthand!
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