Mill Hill Lane, Derby, Derby City, DE23 6SB
Listed 28 Jul 2026 · Derby
How the price compares
Key features
- Licensed 6-Bedroom HMO
- Six Spacious En-Suite Bedrooms
- £39,660 Annual Rental Income
- 10.58% Gross Yield
- Certificate of Lawful Development
- Investor Ready
About this home
Fully Tenanted Six-Bedroom All-En-Suite HMO – Derby
Guide Price: £375,000
Key Features
Established six-bedroom licenced HMO Six large en-suite bedrooms Gross rental income of £39,660 per annum Attractive gross yield of approximately 10.58% Fully tenanted and income producing Proven history of low void periods Certificate of Lawful Development in place Within easy reach of Derby city centre Convenient for local shops, transport and amenities Turnkey investment opportunity Established rental track record
Property Description
Generating £39,660 per annum and offering an attractive gross yield of approximately 10.58%, this fully tenanted six-bedroom, all-en-suite HMO represents a strong turnkey investment close to Derby city centre.
The property provides six individually arranged bedrooms, each benefiting from its own private en-suite facilities. This configuration offers a strong level of tenant privacy and helps distinguish the property within the local shared-accommodation market.
The HMO has an established operating history, with consistently low void periods and proven tenant demand. It is currently fully occupied, providing an incoming investor with immediate rental income from completion.
The property is conveniently positioned for Derby city centre, local shops, public transport and a broad range of everyday amenities, supporting continued demand from tenants seeking well-located accommodation.
A Certificate of Lawful Development is also in place, with further documentation available to interested parties upon request.
The combination of all-en-suite accommodation, established occupancy, immediate cash flow and a double-digit gross yield makes this an attractive acquisition for both experienced HMO operators and investors seeking a proven income-producing asset.
Investment Summary
Guide price: £375,000 Gross rental income: £39,660 per annum Monthly rental income: £3,305 Gross yield: Approximately 10.58% Configuration: Six bedrooms, all en-suite Current status: Fully tenanted Planning documentation: Certificate of Lawful Development in place Location: Mill Hill Lane, Derby
Further tenancy, licensing, planning and financial information is available to serious investors upon request.
Property details
- Property type
- Terraced
- Size
- 1,787 sq ft / 166 sq m
- Council tax band
- B
- Tenure
- Freehold
- Parking
- On street
- Heating
- Double glazing, Gas central
- Broadband
- Cable
- Electricity
- Mains supply
- Water
- Mains supply
- Accessibility
- Ground floor
Floorplan
Location
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1 on this map
- Derby Station0.7 mi
- Peartree Station1.2 mi
- Spondon Station2.9 mi
What nearby homes sold for
Median sold prices in DE23 over the last 12 months: semi-detached £243k · terraced £148k · detached £345k · flat £130k.
| Address | Type | Sold | Price |
|---|---|---|---|
| 75 Mill Hill Lane Derby DE23 6SB | Terraced Freehold | 21 Feb 2025 | £235,000 |
Contains HM Land Registry data © Crown copyright and database right 2026. Licensed under the Open Government Licence v3.0. All sales in DE23
Buying costs
Estimates only, using rates in force from April 2025. Check GOV.UK, Revenue Scotland or the Welsh Revenue Authority and speak to a mortgage adviser before you offer.
Listed by Ibbotson Estates, Derby on Rightmove (original listing). First listed 28 Jul 2026; details checked 7 Nov 2026. Latest change: added on 28/07/2026.
Agent disclaimer
Disclaimer - Property reference 73MillHill. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Ibbotson Estates, Derby. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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