Summary - 23 BASS STREET DERBY DE22 3BS
1 bed 1 bath Land
**Standout Features:**
- Four Freehold HMO properties in central Derby
- Fully let with an income of £153,360 per annum, reversionary income potential of £164,160
- Initial gross yield of 10.76%, reversionary yield of 11.52%
- Sui generis planning permission for 23 & 35 Bass Street
- Each property licensed with a Council HMO
- Proximity to Derby City Centre, local amenities, and universities
**Potential Downsides:**
- Above-average crime rate in the area
- Varying Ofsted ratings for nearby primary and secondary schools
- Urban setting with limited natural scenery
This exceptional investment opportunity comprises four freehold HMO properties located in the heart of Derby, ideal for savvy investors seeking stable returns. Currently fully let, these properties generate an impressive annual income with excellent yield potential. The properties, which feature classic Victorian architecture and modern amenities, boast large communal living spaces and a mix of en-suite and shared facilities tailored for multi-tenancy living. With growing rents and ongoing development in the vicinity, including a major expansion at Derby University, the reversionary potential of £164,160 enhances this offering's appeal.
Positioned a short distance from Derby City Centre, residents enjoy easy access to a range of amenities, including shops, pubs, and parks, fostering a vibrant community atmosphere. However, prospective buyers should consider the area's crime rate and the mixed quality of nearby schools. With current occupancy and growth potential in this cosmopolitan student neighborhood, this unique property set is not likely to remain available for long. Don’t miss your chance to invest in Derby’s thriving rental market!
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