Summary - 4 MUNDY CLOSE DERBY DE1 3PU
6 bed 6 bath Terraced
Strong gross yield over 11% in a sought-after student neighbourhood.
Licensed HMO with current licence in place
A ready-made, licensed HMO in a highly sought student neighbourhood, this freehold terraced house is arranged over three floors with six double bedrooms each served by an ensuite. The property is marketed to investors seeking an operational asset with immediate rental income and a projected gross return in excess of 11%.
Internally the layout is practical for communal rental: a contemporary open-plan kitchen/lounge, utility area, and six similarly sized double bedrooms with modern ensuites. The front elevation includes a small balcony; rear space is mainly hard standing. Off-street parking at the front accommodates several vehicles. Broadband is fast and mobile signal is excellent, which suits student occupiers.
Key positives are the licensed HMO status, six ensuites, off-street parking and freehold tenure — all reduce setup friction for a landlord. Notable cautions: the property sits in a deprived area with high recorded crime, and the plot and overall property size are small. Prospective buyers should factor in management costs, insurance implications and local demand dynamics when assessing net returns.
This is a practical, income-focused purchase for a buyer comfortable operating or contracting professional management. Its strengths are immediate occupancy potential and yield; its trade-offs are location-related risks and limited external space.
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