Chain-free Victorian terrace with five doubles — ideal for landlords seeking rental yield..
Five double bedrooms suitable for HMO or large family
No onward chain — faster completion possible
Three wet rooms plus ground-floor WC — strong tenant appeal
Small enclosed courtyard garden and full-length cellar
Solid brick construction; likely no wall insulation (budget upgrades)
Located near university, hospital and city centre — high rental demand
Area classified as deprived with high local crime — affects tenant profile
Overall plot and room sizes are relatively small
This mid-terrace Victorian property on Etwall Street offers a clear investment angle: five double bedrooms, three wet rooms and a layout previously configured as a successful HMO. Positioned close to Derby City Centre, university campuses and the Royal Derby Hospital, it promises steady tenant demand and immediate rental potential with no onward chain to delay completion.
The house retains period character such as Minton-tiled entrance flooring and ornate archways, combined with practical updates including modern wet rooms, double glazing and a fitted kitchen with cellar access. A small enclosed courtyard garden and a full-width cellar add useful ancillary space for tenants or storage. Council tax is very low, which helps net rental yields.
Buyers should note material negatives plainly: the property sits in a deprived area with a high local crime rate, which can influence tenant mix and rental levels. The building is solid-brick with assumed little or no cavity insulation, so buyers should budget for heating and insulation improvements to boost comfort and long-term running costs. The overall plot and room sizes are relatively small compared with suburban alternatives.
Overall, this is a city-centre, chain-free opportunity aimed at landlords or investor-buyers seeking a ready HMO income stream, or owner-occupiers (including first-time buyers) willing to accept an urban location and carry modest upgrade work. An internal inspection will clarify condition and the scale of any energy-efficiency or maintenance work required.