Summary - 21 CHARNWOOD STREET DERBY DE1 2GU
9 bed 4 bath Town House
Turnkey, high-yield property in central Derby ready for immediate rental income.
Fully licensed nine-bedroom HMO producing circa £45,000 yearly income
Current gross yield approximately 12.5% (income-focused investment)
Freehold and fully furnished for immediate lets and minimal setup costs
Nine double bedrooms, four bathrooms, two en-suites, sizeable communal kitchen
Cellar laundry with pay-as-you-go machines; communal reception with locked cupboards
Victorian solid-brick construction with assumed no wall insulation — upgrade advisable
Older double glazing (installed before 2002) and some dated bedroom decor
Very high local crime and very high area deprivation — increased management risk
This nine-bedroom, fully licensed HMO in central Derby is a turnkey investment producing circa £45,000 per year and a current gross yield of 12.5%. It is offered freehold, fully furnished, and configured for minimal voids with established tenant demand — strong immediate cashflow for a landlord seeking an income-focused buy.
Internally the property provides nine double bedrooms, four bathrooms (including two en-suites), a large communal kitchen, a reception room with allocated locked cupboards, and a cellar laundry with pay-as-you-go machines. Practical features — under-counter fridges, additional cellar storage, and an outdoor area suitable for bike storage — support multi-occupancy living and reduce ongoing tenant churn.
Buyers should weigh clear improvement needs alongside the income profile. The building is Victorian solid-brick (pre-1900) with older double glazing and assumed no wall insulation; investing in thermal upgrades and modernising some dated bedrooms will improve long-term running costs and appeal. The small plot and limited external space restrict outdoor amenity.
Location offers excellent transport links and local amenities but sits in an area with very high crime and very high deprivation statistics; this raises management considerations and may affect insurance and tenant mix. Overall, the property suits an investor prepared to maintain an HMO in a city-centre, high-demand rental market and to invest selectively in energy and cosmetic improvements to stabilise returns.
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