4-bedroom terraced house · DE22 3GG
Sold STCListed 103 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The property is located within the student catchment area for the university of Derby campuses and is a licenced HMO with 4 rooms.
It generates £1,712 rent per month (£20,000 per annum), although is being offered with vacant possession from the 1st of September 2026.
The rooms are currently listed on the University of Debry website for the next academic year.
Located in this ever popular location in the Ashbourne Road area of Derby, close to Derby City centre and within easy walking distance of many of the main Derby University sites.
The wider area benefits from everyday shops, takeaways and transport links along Ashbourne Road with a regular bus service, plus Markeaton Park nearby for green space.
The Royal Derby Hospital is also around 1.2 miles away. The property has gas central heating with a combination boiler still under warranty until October 2034, and uPVC double glazing.
There are Gas Safety (valid till Oct 2026) and Electrical Safety (valid till Feb 2027) certificates in place as well as valid wired in fire alarms (valid till June 2036).
Entrance to the property is via the rear along the shared side passage with gated access into the rear garden.
The rear entrance door opens into the kitchen fitted with a range of units with roll edge work surfaces, sink drainer unit with mixer tap, tiled splashbacks, built-in oven and halogen four ring hob with extractor canopy over, cupboard housing the wall mounted combination boiler, uPVC double glazed window to the rear elevation, ceramic tiled floor and door giving access to the cellar.
The cellar is divided into three compartments: - compartment one - 11'11" x 6'1" (3.63m x 1.85m) - with power and light, compartment two - 6' x 4'10" (1.83m x 1.47m) - access to the electric meter, fuse box and gas meter, compartment three - 6'4" x 6'1" (1.93m x 1.85m).
The living room has a window overlooking the rear garden and a door into the inner hallway. The inner hallway leads to the front ground floor bedroom with stairs rising to the first floor landing.
The ground floor front bedroom has a window to the front and there is a uPVC double glazed front entrance door ideal if you want to return it to a second reception room.
On the first floor a central landing provides access to all three bedrooms and a shower room which is fitted with a white three piece suite comprising pedestal wash hand basin, low level w.c, and a single shower cubicle.
Outside - To the rear of the property there is a generous garden with blue brick paved path, seating area, large gravelled and soil beds and planting border.
The garden is enclosed by a walled and fence panelled boundary. Access is gained to a passageway which leads onto Peel Street.
Tenure: Freehold (purchasers are advised to satisfy themselves as to the tenure via their legal representative).
Please note: It is quite common for some properties to have a Ring doorbell and internal recording devices.
Property construction: Traditional Parking: On road Electricity supply: Mains Water supply: Mains Sewerage: Mains Heating: Mains gas (Purchasers are advised to satisfy themselves as to their suitability).
Broadband type: TBC - See Ofcom link for speed: Mobile signal/coverage: See Ofcom link Local Authority/Tax Band: Derby City Council / Tax Band A Useful Websites: Our Ref: JGA/09072026 The property information provided by John German Estate Agents Ltd is based on enquiries made of the vendor and from information available in the public domain.
If there is any point on which you require further clarification, please contact the office and we will be pleased to check the information for you, particularly if contemplating travelling some distance to view the property.
Please note if your enquiry is of a legal or structural nature, we advise you to seek advice from a qualified professional in their relevant field.
We are required by law to comply fully with The Money Laundering Regulations 2017 and as such need to complete AML ID verification and proof / source of funds checks on all buyers and, where relevant, cash donors once an offer is accepted on a property.
We use the Checkboard app to complete the necessary checks, this is not a credit check and therefore will have no effect on your credit history.
With effect from 1st March 2025 a non-refundable compliance fee of £30.00 inc.
VAT per buyer / donor will be required to be paid in advance when an offer is agreed and prior to a sales memorandum being issued.
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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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.
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