4-bedroom house · DE24 8AX
Sold STCReduced £10k (−4.2%) on 28 MayListed 255 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
4-Bedroom HMO Investment - £240,000 - Derby A superb turnkey 4-bedroom HMO investment property located in a popular rental area of Derby, producing a gross monthly income of £2,182 (£26,184 per annum).
All four bedrooms benefit from private en-suite facilities, with one room arranged as a self-contained studio, making the property particularly attractive to professional tenants and supporting strong, consistent demand.
The property is well presented throughout and configured specifically for HMO use.
Accommodation includes a modern communal kitchen and shared living space, alongside well-proportioned bedrooms designed for comfortable long-term occupancy.
Conveniently situated close to local amenities, public transport links, and key employment hubs, the property offers excellent accessibility for tenants.
The HMO is currently operating successfully and represents a ready-made investment with immediate income from day one.
At an asking price of £240,000, the property delivers an approximate gross yield of 10.9%, making it an appealing opportunity for investors seeking strong returns in a high-demand market.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
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 advisers 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 Davenport Road, Derby, Derbyshire, DE24
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