5-bedroom terraced house · DE1 1PP
Sold STCListed 267 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Key Investment Highlights Asking Price: £225,000 Property Type: 5 Bed Licensed HMO Configuration: 5 Bedrooms 2 Bathrooms 1 Large Communal Dining Kitchen Tenant Type: Professional sharers Occupancy: Fully Let Location: Derby City Centre - DE1 Performance: Gross Annual Income (After Mortgage & Core Costs): £27,899 Net Monthly Income: ~£2,325 Monthly Operating Costs (Before Voids, Maintenance & Mgmt): £1,453.13 Property Overview Fully compliant 5-bedroom HMO Excellent city-centre location Strong professional tenant demand Large communal kitchen / dining area 2 shared bathrooms Fully let and income producing Turnkey investment - no work required Proven, stable operating performance Well-presented five-bedroom professional HMO arranged over two floors and located in a highly convenient city centre position in Derby.
The ground floor comprises two spacious double bedrooms, a large communal dining kitchen fitted with modern appliances and ample storage, providing an excellent social space for tenants, and a separate downstairs WC.
To the first floor, the property offers three further double bedrooms along with two modern shower rooms, ensuring practical and comfortable living for multiple occupants.
The property is well laid out and designed specifically for shared living, offering generous communal space alongside well-proportioned private bedrooms.
It is currently fully let to professional tenants and operates as a successful HMO. This is an ideal turnkey investment in a strong central location with consistent tenant demand.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Forester Street, Derby, Derbyshire, DE1
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