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Crompton Street, Derby DE1 4 bed terraced house for sale
Crompton Street, Derby DE1
£175,000
Crompton Street, Derby DE1
£175,000
Our Summary
- With scope for light refurbishment and potential to convert into a 5-bed HMO, there's strong opportunity to boost returns
- While the property is currently income-generating and in a lettable condition, light refurbishment or modernisation is recommended to enhance its appeal and rental value
- Importantly, there is clear potential to convert the property into a 5-bedroom HMO (subject to necessary consents), further increasing occupancy levels and boosting monthly rental yields
- Ideal investment opportunity
Description
This four-bedroom HMO property is being sold with tenants in situ, offering immediate rental income and a hassle-free addition to a landlord's portfolio. The property features four spacious bedrooms, a modern kitchen, and a shared bathroom, making it well-suited to the local rental market. With scope for light refurbishment and potential to convert into a 5-bed HMO, there's strong opportunity to boost returns. The property is located in a popular rental area with strong demand, and while it's currently income-generating and in a lettable condition, light refurbishment or modernisation is recommended to enhance its appeal and rental value. The area offers a mix of urban amenities, historic charm, and green spaces, making it a lively and convenient place to live, with easy access to local bus routes and the new Becketwell Arena.