>
Sponsored Get a Survey — free quotes via ReallyMoving
7 bed terraced house
Swinburne Street, Derby DE1
Planning
£650,000
Next Steps
Sponsored — free quotes via ReallyMoving
Get a Survey
Check the property matches the approved plans — compare up to 5 quotes
Our Summary
- Freehold investment opportunity
- Opportunity to increase to 10 bedrooms (subject to planning permission)
- The property benefits from an approved change of use and conversion to a seven-bedroom HMO under planning reference 24/00012/FUL
- There is scope to increase the accommodation to 10 bedrooms, subject to obtaining the necessary planning permission, presenting investors with the opportunity to significantly enhance rental income and overall investment returns
Get alerted when similar properties are listed — Subscribe
Description
The property is a freehold HMO (House in Multiple Occupation) with 7 bedrooms, currently generating an annual rental income of approximately £50,000. The property is located in a well-established rental location close to Derby city centre, with approved planning permission for conversion to a 7-bedroom HMO. Further value creation is possible, with potential to increase the accommodation to 10 bedrooms subject to obtaining the necessary planning permission, effectively doubling the rental income.