Charnwood Street, Derby

Nestled in the heart of Derby, this extraordinary nine-bedroom HMO property presents an unparalleled investment opportunity for discerning buyers seeking a turnkey venture in the thriving rental market. Designed to maximise both comfort and profitability, this property boasts a current yield of 12.5%, generating an impressive yearly income of approximately £45,000. With its fully furnished interiors and a variety of tenant-centric features, this residence has been meticulously crafted to ensure minimal void periods and optimal tenant satisfaction.
Spacious Accommodation
The property features nine generously proportioned double bedrooms, each thoughtfully designed to provide ample space for relaxation and personalisation. The fully furnished rooms cater to modern living requirements, making them highly appealing to tenants. Each bedroom is well-lit, boasting contemporary furnishings, and provides a warm and inviting atmosphere. Two of the rooms boast useful en-suites
Functional Communal Areas
At the heart of this property lies a sizeable kitchen space that has been symmetrically designed to accommodate the needs of multiple tenants. With ample storage and abundant cooking facilities, this kitchen ensures that all tenants have a seamless culinary experience. Just off the kitchen is a practical communal reception room—a perfect space for tenants to socialise, relax, or unwind after a busy day. Each tenant has their own allocated locked cupboard in the reception room, providing personalised storage options and further enhancing the practicality of the property. With additional fridge and freezer in the cellar. Whilst the kitchen boasts under counter fridges.
Convenience and Utility
The property also features a cellar laundry room equipped with pay-as-you-go facilities, ensuring that tenants have convenient access to essential services without the need to travel. This added feature is a significant draw for potential tenants, enhancing the overall appeal of the property.
Outdoor Amenities
Beyond its interior offerings, the property includes outdoor space specifically designed for bike storage, accommodating the needs of environmentally conscious tenants or those who prefer cycling as their primary mode of transport. This additional feature highlights the property’s consideration for modern urban living.
Investment Appeal
With its remarkable yearly income and minimal void periods, this property is an exceptional investment opportunity. It is fully furnished throughout, eliminating the need for any initial setup costs. The layout and amenities have been carefully planned to attract long-term tenants, ensuring a consistent and reliable income stream. The current yield of 12.5% exemplifies the property’s financial potential, making it an ideal choice for investors looking to expand their portfolio in the competitive Derby market.
Prime Location
Situated in Derby, a city known for its robust rental market and vibrant community, the property benefits from excellent transport links, local amenities, and a dynamic social scene. Its central location ensures strong tenant demand, further solidifying its status as a standout investment property.
Conclusion
In summary, this nine-bedroom HMO property in Derby is a rare gem that combines outstanding financial performance with tenant-focused design. From its spacious bedrooms and functional communal areas to its convenient laundry facilities and outdoor storage solutions, every aspect of this property has been tailored to meet the needs of today’s tenants. With an impressive gross yield of 12.5% and a yearly income of circa £45,000, this investment opportunity is not to be missed. Whether you are a seasoned investor or new to the property market, this turnkey HMO is poised to deliver exceptional returns and long-term success.
Please note that, should your offer be accepted and the property be marked as Sold Subject to Contract (SSTC), an Anti-Money Laundering (AML) compliance fee will be payable for each buyer. This fee covers the required identity verification and compliance checks. Full details of the fee will be provided by Cope & Co.