Summary - 198A UTTOXETER OLD ROAD DERBY DE1 1NF
7 bed 7 bath Detached
Turnkey income property with immediate rental yield and clear upgrade potential.
- Seven bedrooms, each with en-suite shower room
- Reported gross income £42,120 pa (c.10.5% gross yield)
- Freehold, two-storey detached building
- Off-street parking for multiple vehicles
- Enclosed, low-maintenance rear garden
- Fully managed by a local agent (transferable arrangements possible)
- Area classed as deprived with very high crime levels
- Solid brick walls assumed uninsulated; EPC D, may need thermal upgrades
A rare HMO investment: seven double bedrooms each with en-suite shower rooms, a communal kitchen and conservatory/lounge all arranged over two storeys. The property is offered freehold with off-street parking for several cars and an enclosed rear garden, producing a reported gross income of £42,120 (c.10.5% gross yield) and currently fully managed by a local agent.
This building suits a buy-to-let investor seeking immediate income and HMO scale. Constructed in the 1950s–60s with double glazing fitted post‑2002, the house presents good rental layout and decent plot space. There is clear potential to increase rents and improve yield through active management or modest upgrades.
Buyers should note material location and condition factors. The area records very high crime levels and is classed as deprived, which affects tenant mix and void risk. The walls are assumed to be uninsulated solid brick, so thermal improvements or insulation work may be needed to raise EPC performance and long‑term running costs.
Overall this is a turn‑key income asset with immediate cashflow and uplift potential, balanced by local-area risks and some retrofit/efficiency work that an investor should factor into purchase and management plans.
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