Summary - 21 CHARNWOOD STREET DERBY DE1 2GU
9 bed 4 bath Town House
High-yield, licensed rental with instant cashflow in central Derby.
- Current yield circa 12.4% with yearly income around £44,000
- Fully licensed nine-bedroom HMO, freehold and fully furnished
- Nine double bedrooms, four bathrooms; two rooms en-suite
- Large communal kitchen, reception room, cellar laundry (pay-as-you-go)
- High ceilings and Victorian character; double glazing installed pre-2002
- Building likely solid brick with no cavity insulation (energy works needed)
- Small outdoor area suitable for bike storage only
- Local area very deprived with very high crime rates (affects costs)
A ready-made HMO investment in central Derby, this fully licensed nine-bedroom mid-terrace delivers a strong current yield of 12.4% and annual income around £44,000. The building is offered freehold, fully furnished and operated with minimal void periods, making it suitable for an investor seeking immediate cashflow.
The property retains Victorian character: high ceilings, large bay windows and solid brick construction. Accommodation comprises nine double bedrooms, four bathrooms (two en-suite rooms), a large communal kitchen with under-counter fridges, a reception room with individual locked cupboards for tenants, and a cellar laundry with pay-as-you-go machines. Outdoor space is small but suitable for bike storage.
Material considerations are factual and important: the area is classified as very deprived with very high local crime rates, which can affect management and insurance costs. The building is older (pre-1900) with assumed solid brick walls and no insulation; double glazing was installed before 2002 and some bedrooms show dated fixtures and finishes. These are realistic refurbishment and energy-efficiency opportunities that will affect running costs and future lettings.
For an investor focused on yield and tenant demand, this HMO offers turnkey income with scope to increase capital value via targeted improvements (insulation, modernising bedrooms, and energy upgrades). Ongoing management focus should include security measures and addressing any wear from high-occupancy use to maintain tenancy stability.
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