Summary - 135 GREEN LANE DERBY DE1 1RZ
6 bed 4 bath House of Multiple Occupation
Freehold Victorian HMO with established rent roll and refurbishment potential.
6 bedrooms and 4 bathrooms ideal for HMO rental configuration
A six-bedroom end-of-terrace HMO on Green Lane offered freehold with tenants in situ — a clear buy-to-let proposition for experienced investors. The property currently generates a reported gross income of £43,500 per year and sits on an average-sized urban plot with private front and rear gardens and on-street parking. Its Victorian bay windows and three-storey layout provide strong letting potential in a city-centre location.
The building appears structurally traditional brick with high ceilings and medium-to-large rooms, but the listing notes updating is needed; the exterior reads as a period terrace that may benefit from internal modernisation to maximise rents. There are four bathrooms serving six letting rooms, which supports HMO configuration, but purchasers should verify room sizes, compliance and safety certifications (EPC, gas/electrical, HMO licence) before exchange.
Location drivers include excellent mobile and fast broadband, walking distance amenities, and proximity to local schools and transport. Material drawbacks: the area is classified as very deprived with very high recorded crime levels, and the wider neighbourhood is constrained — factors that will influence tenant demand, insurance and management costs. A Buyers Premium applies to secure purchase.
This opportunity is best suited to serious investors or developers able to manage an occupied HMO, undertake targeted refurbishment, and ensure regulatory compliance. A full physical inspection, access to the Let Property Pack, recent rental comparables and statutory certificates are recommended prior to offer.
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