Abbey Street, Derby, DE22 3SW

Located on the ever-popular Abbey Street in the heart of Derby city centre, this substantial five-bedroom HMO property presents an exceptional opportunity for investors seeking a high-yielding rental investment with significant scope for further enhancement and income optimisation.

Offered to the market with no upward chain and vacant possession, the property provides immediate flexibility for purchasers looking to refurbish, reconfigure, or modernise to maximise future returns.

Previously operated as a House in Multiple Occupation, the property is being sold subject to the HMO licence, which has recently expired, offering buyers the opportunity to renew and tailor the setup to meet current licensing requirements and rental demands.

With strong ongoing demand for shared accommodation within Derby city centre, this property is ideally positioned for professional tenants, students, or supported accommodation use, subject to the necessary consents.

The accommodation is spacious and versatile throughout and briefly comprises to the ground floor: an entrance hallway leading to two generously sized bedrooms, one of which benefits from its own en-suite shower room, providing attractive private facilities for tenants.

There is also a communal living kitchen diner, creating a practical shared social space with excellent potential for modernisation and improvement.

To the first floor, the property offers three further well-proportioned bedrooms, one of which has a fitted shower facility.

In addition, there is a separate shower room and an independent WC, providing convenient communal amenities for multiple occupants.

Externally, the property occupies a highly convenient central location within walking distance of Derby city centre amenities, shops, restaurants, transport links, and major employers, making it an appealing proposition for the rental market.

The property also benefits from excellent access to the university, railway station, and major road networks including the A52 and A38.

This is a rare opportunity to acquire a sizeable city centre HMO with vacant possession, no onward chain, and outstanding potential to add value and increase rental income.

Early viewing is highly recommended to fully appreciate the scale, location, and investment potential on offer.

Ideal for investors looking to expand their portfolio, reposition an existing HMO, or create a strong income-producing asset in a consistently popular rental location.

Entrance Hall   Accessed via the double glazed front entrance door having stairs leading to the first floor, storage cupboard and doors leading to: Lounge   17'0" x 9'1" (5.20m x 2.78m) Having double glazed double doors leading to the outside, radiator, door leading to the cellar.

Kitchen   9'4" x 6'7" (2.87m x 2.01m) Comrpising of a range of wall and base units incorporating work surfaces, having an inset sink, integrated oven, inset hob, double glazed door to the outside, double glazed window and door leading to: Bedroom Two   10'1" x 9'4" (3.08m x 2.85m) Having a double glazed door to the outside, double glazed bay window to the side elevation.

Bedroom One   13'1" x 10'10" (4.01m x 3.32m) Having a radiator and a double glazed window to the front elevation.

Ensuite Shower Room   6'0" x 4'3" (1.84m x 1.32m) Comprising of shower enclosure, pedestal wash hand basin and close coupled WC.

Landing   Having doors leading to: Bedroom Three   11'0" x 8'11" (3.36m x 2.74m) Having a double glazed window and a radiator.

Bedroom Four   10'11" x 7'8" (3.34m x 2.36m) Having a radiator and a double glazed window to the front elevation.

Bedroom Five   9'3" x 8'0" (2.82m x 2.44m) Having a shower enclosure, double glazed window to the rear elevation and a radiator.

Shower Room   9'2" x 7'4" (2.80m x 2.24m) Having a shower enclosure, pedestal wash hand basin, close coupled WC, built in storage cupboard, built in airing cupboard housing the Baxi combination boiler, double glazed window to the rear elevation Separate WC   Comprising of close coupled WC and a wall mounted wash hand basin.

Disclaimer   haart Estate Agents also offer a professional, ARLA accredited Lettings and Management Service.

If you are considering renting your property in order to purchase, are looking at buy to let or would like a free review of your current portfolio then please call the Lettings Branch Manager on the number shown above.

haart Estate Agents is the seller's agent for this property. Your conveyancer is legally responsible for ensuring any purchase agreement fully protects your position.

We make detailed enquiries of the seller to ensure the information provided is as accurate as possible. Please inform us if you become aware of any information being inaccurate.