Crompton Street, Derby DE1 4 bed terraced house for sale

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Crompton Street, Derby DE1 4 bed terraced house for sale

Crompton Street, Derby DE1
£185,000

Our Summary

  • An excellent investment opportunity
  • While the property is in a lettable condition, there is scope for cosmetic refurbishment to enhance its appeal and boost rental returns
  • Crucially, the property also presents a value-add opportunity: With the right configuration and relevant permissions, there is potential to convert the property into a five-bedroom HMO, significantly increasing both occupancy and income potential

Description

This four-bedroom HMO property in Derby city centre is being sold as a turnkey investment, generating £19,240 per annum in rental income. The property is fully tenanted and comprises three large bedrooms, a loft room, a communal kitchen, and a well-maintained bathroom. While in a lettable condition, there is scope for cosmetic refurbishment to enhance its appeal and boost rental returns. The property also presents a value-add opportunity, with potential to convert it into a five-bedroom HMO, increasing occupancy and income potential. Located in the heart of the city, it offers easy access to local amenities, transport links, and major employers and universities, making it an excellent investment opportunity for landlords seeking immediate rental income.