Summary - 37 Bass Street DE22 3BS
7 bed 4 bath Semi-Detached
Well‑located HMO with immediate income and refit potential for investors.
Seven bedrooms and four bathrooms, currently licensed and operating as an HMO
Five of seven rooms currently let; potential gross rental income ~£52k pa
Sold by Modern Auction — undisclosed reserve and buyer fees apply
Reservation fee 4.5% (min £6,600 inc. VAT); 56‑day completion required
Solid brick Victorian; no known cavity insulation — potential retrofit costs
Small corner plot with secure rear garden and gated side access
Area classed as deprived with above‑average crime — management implications
Cellar storage, two kitchens and multiple bathrooms support immediate multi‑let use
A substantial late‑Victorian seven-bedroom semi in DE22 currently configured and licensed as an HMO, offered for sale by modern auction. The property occupies a small corner plot with a secure rear garden, substantial bay windows and high ceilings that give strong rental appeal to students and hospital staff. Five of seven rooms are already let and the listing suggests a potential gross income around £52k per year.
Sale is via the Modern Method of Auction: there will be a reservation agreement, non‑refundable reservation fee (4.5% of the purchase price, minimum £6,600 inc. VAT) and buyer’s fees to budget for. An undisclosed reserve and a 56‑day completion requirement apply; bidders must complete their own legal and financial due diligence and review the Buyer Information Pack.
The building is solid‑brick Victorian with double glazing (install date unknown) and mains gas central heating. It has HMO planning and licensing in place, a cellar for storage, two kitchens and four bathrooms, so it can operate immediately as a multi‑let. Expect typical period‑property maintenance and potential upgrade costs: walls are assumed solid brick with no insulation, and some systems and finishes may need renewal to maximise yields or to meet future licensing standards.
Location strengths include proximity to the university, hospital, city centre and public transport, which supports steady tenant demand. Considerations: the area is classified as deprived with above‑average crime levels and a small plot size, which may affect long‑term capital growth and management overheads. This is best suited to experienced investors or landlords prepared to factor in auction costs, short completion timescales and ongoing property upkeep.
5 bedroom terraced house for sale in 155 Burton Road, Derby DE23 6AB, DE23 — £210,000 • 5 bed • 1 bath • 1828 ft²
6 bedroom semi-detached house for sale in Gregory Street, Ilkeston, Derbyshire, DE7 — £305,000 • 6 bed • 5 bath • 1798 ft²
2 bedroom terraced house for sale in Manchester Street, Derby, Derbyshire, DE22 — £110,000 • 2 bed • 2 bath • 741 ft²
5 bedroom terraced house for sale in Bakewell Street, Derby, DE22 — £300,000 • 5 bed • 5 bath • 1206 ft²
6 bedroom semi-detached house for sale in 124. Uttoxeter New Road, Derby, Derbyshire DE22 3JB, DE22 — £140,000 • 6 bed • 6 bath • 1884 ft²
3 bedroom end of terrace house for sale in Spring Street, Derby, DE22 — £110,000 • 3 bed • 2 bath • 665 ft²
