Merchant Street, Derby, DE22 3AN

This registered HMO investment property offers an exceptional opportunity for investors seeking a well-positioned and high-yield asset in Derby. Situated just off Ashbourne Road, the property is ideally located within walking distance of both the city centre and the University of Derby, making it highly attractive to students and professionals alike. The house is thoughtfully arranged, providing generous communal space including an open plan living and kitchen area, which is fully furnished for convenience. There are five well-proportioned bedrooms, each equipped with a bed, wardrobe, desk, and chair, ensuring a comfortable and practical living environment for tenants. The property also benefits from three modern shower rooms, reducing waiting times and enhancing the appeal for multiple occupants. Currently part occupied and offered on a bills-inclusive basis, the property has the potential to generate an annual yield of approximately £29,000 when fully let. The communal areas are also furnished, further reducing initial set-up costs for investors and ensuring the property is ready for immediate occupation.

To the rear of the property, residents can enjoy an enclosed garden that provides a pleasant outdoor retreat. This space features a paved patio area, ideal for outdoor seating or social gatherings, as well as a lawned garden that adds a touch of greenery and space for relaxation. The garden is securely enclosed, offering both privacy and safety for occupants. There is shared access to the front of the property, providing a practical route for bicycles or garden maintenance. This well-maintained outside space enhances the overall appeal of the property, offering tenants a valuable extension to the communal living areas and contributing to the property’s popularity amongst renters. With its combination of attractive internal accommodation, excellent location, and practical outdoor space, this property represents a strong and reliable investment opportunity in one of Derby’s most sought-after areas. EPC Rating: C

Entrance Hallway Radiator. Stairs to first floor. Access to ground floor bedroom and communal living/kitchen.

Living Area 4.67m x 3.67m Window to front, two radiators, under stairs storage. Laminate floor. Archway feature to:

Kitchen Area 2.65m x 3.3m Window and door to rear. Tiled floor. Having a range of wall and base units with inset stainless steel sink and drainer and contrasting working surfaces extending to breakfast bar style seating looking into the living area. Built in electric oven and hob with extractor over.

Utility Area 2.64m x 1.2m Window to rear. Tiled floor. Washing machine point. Wall mounted gas boiler. Access to both downstairs shower rooms.

Ground Floor Shower Room One Window to rear. Having shower cubicle, wash hand basin set into vanity style unit. Low level WC. Radiator. Tiled floor.

Ground Floor Shower Room Two Shower cubicle, wash hand basin set into vanity style unit, low level WC, radiator. Tiled floor.

Ground Floor Bedroom 5.04m x 2.48m Window to front, Radiator.

First Floor Landing Loft Access, radiator.

First Floor Bedroom Two 3.45m x 2.51m Window to front, Radiator.

First Floor Shower Room Shower cubicle, wash hand basin set into vanity style unit, low level WC, radiator. Tiled floor.

First Floor Bedroom Three 2.12m x 4.45m Two windows to rear, Radiator.

First Floor Bedroom Four 3.67m x 2.73m Window to rear, radiator.

First Floor Bedroom Five 3.9m x 4.65m Two windows to front. Built in triple wardrobe. Radiator.

Garden To the rear of the property is an enclosed garden with paved patio area and lawn garden. Shared access to the front.