Summary - 14 GREGORY STREET ILKESTON DE7 8AE
6 bed 5 bath Semi-Detached
Refurbished income property with immediate tenancy and safety certificates.
Six spacious double bedrooms ideal for HMO lettings
A purpose-configured six-bedroom HMO, this Victorian semi has been refurbished for immediate rental use. The layout spans multiple floors with four en-suite shower rooms and two further modern shower rooms, designed to reduce tenant turnover and morning queues. Newly rewired with current gas safety and electrical test certificates, the property is sold with existing ASTs for each room, making it a near ready-made income stream for buy-to-let investors.
Presentation is neutral and low-maintenance throughout, with double glazing and contemporary finishes that suit a range of tenants. The communal dining kitchen is well-appointed for shared occupation, and most rooms are double-sized, improving lettability. The freehold tenure and HMO licence remove a number of conversion hurdles an investor would otherwise face.
Buyers should note material drawbacks: the house sits in an area classed as deprived with very high local crime rates, and the plot/garden is small. The property will be sold at auction and is occupied by tenants, so purchasers must accept tenancy terms and complete purchase procedures accordingly. Despite the central location and strong HMO setup, nearby socio-economic factors and immediate occupation affect management and insurance considerations.
Overall this is a practical, income-focused opportunity for a hands-on investor or portfolio buyer who wants a licensed, income-producing HMO with minimal immediate refurbishment required. Factor in location-related management demands and auction purchase timings when assessing yield and exit plans.
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