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11 bed detached house
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Price History
Our Summary
- Additional shower rooms and potential for further bathrooms
- Estimated HMO income of £5,500 PCM with scope to increase
- With multiple en suites, large communal areas and scope to increase income, it's the perfect opportunity for investors seeking high-yield returns in Derby
- DESCRIPTION An exciting opportunity to acquire this substantial 10/11 bedroom detached property on London Road, currently operating as an established guest house but offering outstanding potential for conversion into a high-yielding HMO
- As a 10-bedroom HMO with conservative estimated rents of £550 per room per calendar month the property could generate approximately £5,500 PCM / £66,000 PA, with scope to increase income by adding additional en suites or converting rooms into studio-style units
- With strong transport links, nearby employment hubs and continuous tenant demand, this property represents an exceptional investment opportunity
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Description
Here is a single paragraph summarizing the property features:
The property is a 10-11 bedroom detached house arranged over three floors. It has a strong HMO potential with multiple en-suite bedrooms, communal areas, and parking for 4-5 cars. The house features a spacious kitchen/utility room, a generous communal dining area, two shower rooms, and a partially completed bedroom on the ground floor. The first floor has three bedrooms, two shower rooms, and two en-suite bedrooms. The second floor offers two bedrooms and a large storage room that could be converted into an additional bathroom. Some of the rooms feature irregular shapes and sloping ceilings, with varying dimensions including a dining room of 11'1" x 11'7", a bedroom on the second floor of 11'11" x 7'1", and a storage room / potential bathroom of 17'3" x 13'5". The house also includes various utility and kitchen spaces, including a kitchen of 12'4" x 9' and a utility space of 10'4" x 5'1".