Summary - 124 UTTOXETER NEW ROAD DERBY DE22 3JB
6 bed 6 bath Semi-Detached
High-yield rental potential near Derby city centre for experienced investors.
Six-bedroom semi-detached HMO with individual basins and fire doors
A six-bedroom semi-detached property currently operating as an HMO close to Derby city centre. Rooms are let-ready with individual washbasins and fitted fire doors; communal kitchen and shower facilities are in place. The listing quotes potential rental income in excess of £37,000pa (subject to consents), making the building suited to investors targeting student or professional lets.
Buyers should note the property is leasehold with 81 years remaining and a ground rent of £500pa. The short lease will require prompt attention and likely renewal costs. The sale is by auction (december auction dates specified) with an administration fee of £3,600 payable on exchange and other possible disbursements detailed in the legal pack.
The building is a 1930s solid-brick semi with older double glazing and an EPC rating of D. There is a rear garden and off-street parking. Structural fabric appears traditional with assumed no wall insulation; refurbishment or investment in thermal improvements may be needed to improve efficiency and tenant appeal. The area is classified as cosmopolitan student neighbourhoods but records very high local crime and higher deprivation, factors investors should weigh when setting rents and management plans.
This unit suits experienced buy-to-let purchasers or developers able to manage short-lease issues, auction purchase processes and HMO compliance. There is scope, subject to planning, to reconfigure internal layout to increase bedroom yield, but any change must comply with HMO licensing and local authority requirements.
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