Summary - 166, Uttoxeter New Road, DERBY DE22 3JB
1 bed 1 bath House of Multiple Occupation
Immediate income-producing HMO near university and transport links.
6-bedroom HMO with tenants in situ and immediate rental income\nAnnual income £34,200 — over 17% yield based on lower guide\nSold at auction; buyers must check legal pack and updates\nExisting HMO licence not transferable; purchaser must apply for new licence\nEnclosed rear garden and front driveway with off-street parking\nPeriod features and high ceilings; external areas need maintenance\nLocated close to University, shops and transport links — strong demand\nHigh local crime and area deprivation increase management risk
This six-bedroom HMO in Derby offers an immediate income-producing opportunity for buy-to-let investors. Tenants are in situ and the property produces an annual rental income of £34,200, giving over 17% yield based on the lower guide price. Its central location close to the University of Derby and strong transport links supports steady demand from students and professionals.
The accommodation is spread over four floors with a spacious ground-floor lounge, fitted kitchen, and bedrooms on each level. Externally there is an enclosed rear garden and a front driveway providing off-street parking. The building has period character — high ceilings and Georgian proportions — but parts of the outside require tidying and ongoing maintenance.
Important practical points: the existing HMO licence is not transferable and the purchaser must apply for a new licence. The lot will be sold at auction, so buyers should consult the legal pack and note that the sale is chain free but buyers inherit tenants. The surrounding area has high crime and is classified as deprived, which impacts management considerations and lettings risk.
For investors seeking an HMO with immediate income, strong rental appeal and scope to increase returns through management or refurbishment, this property is a clear candidate. For those seeking a long-term family home or a low-risk neighbourhood, the location and licencing requirements are material negatives to factor into any decision.
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