Swinburne Street, Derby, Derbyshire, DE1

Established and licensed nine room HMO in the city centre generating an annual gross income of £49,320 which comes with the additional bonus of further potential development of a large existing outbuilding which is currently a garage, meeting hall and store room but could potentially become an additional rooms or flats (subject to planning). This substantial and impressive double fronted detached house currently offers ten bedrooms, ground floor kitchen diner, first floor kitchen diner, basement reception room, conservatory, bathroom, shower room, ground floor cloakroom/utility, en-suite to one bedroom, driveway and garage. The outbuilding located at the rear has a meeting hall and garage. The property benefits from gas central heating, double glazing and offers over 2900 square feet of accommodation over three floors. To the ground floor there is a wide welcoming hallway, three bedrooms, cloakroom/utility, large kitchen diner and conservatory. To the first floor there is a further four bedrooms, additional kitchen diner, bathroom with a four piece suite and a shower room. To the second floor there is three bedrooms and there is an en-suite to one of the bedrooms. Located in the basement is a cellar storage room and a communal room. To the rear there is the large brick built outbuilding which could be used for a variety of uses. To the front there is a garden and a driveway leading to double gates. The driveway continues beyond the double gates to the outbuilding. To the rear there is an enclosed garden. Viewing is essential.

Hallway

Wooden door from the front. Radiator, tiled flooring, coving, stairs to the first floor, doors off to three bedrooms, cloakroom, kitchen diner and conservatory. Stairs to the first floor and to the basement.

Kitchen Diner

10.16m max x 4.22m max 2.74m min - Double glazed windows to the rear and side. Matching wall and base units, roll edge work surface with a one and half sink drainer and additional single sink drainer. Range style cooker, additional gas cooker and fridge freezer. Island unit, radiator and door to the conservatory.

Conservatory

6.63m x 3.07m

Double glazed windows to the rear and side with a double glazed door to the garden. Tiled flooring.

Cloakroom

2.74m x 1.32m

Double glazed window to the side. WC, wash hand basin and work surface over a washing machine.

Bedroom One

4.34m x 2.92m

Double glazed bay window to the front. Radiator.

Bedroom Two

4.4m x 4.34m

Double glazed bay window to the front. Decorative fireplace, radiator and coving.

Bedroom Three

4.72m x 4.17m

French doors to the conservatory. Radiator and coving.

First Floor Landing

Double glazed windows to the rear and side. Two radiators, doors off to four bedrooms, kitchen diner, bathroom and shower room. Stairs to the second floor.

Bathroom

2.84m x 2.67m

Double glazed window to the front. Four piece suite comprising a tiled bath, separate shower cubicle, pedestal wash hand basin and WC. Tiled flooring and built in storage cupboard.

First Floor Kitchen Diner

5.28m x 2.74m

Double glazed windows to the rear and side. Matching wall and base units, roll edge work surface with a single sink drainer, fridge freezer, gas cooker and washing machine. Radiator and space for a table.

Shower Room

2.74m x 1.2m

Double glazed window to the side. Shower cubicle, pedestal wash hand basin and WC. Heated towel rail and extractor.

Bedroom Five

4.72m x 4.2m

Double glazed window to the rear. Radiator.

Bedroom Six

4.42m x 3.07m

Double glazed window to the front. Radiator.

Bedroom Seven

4.34m x 4.42m

Double glazed window to the front. Radiator, decorative fireplace and built in storage cupboard.

Second Floor Landing

Doors off to three bedrooms.

Bedroom Eight

5.46m max x 3.8m max - Two double glazed velux windows to the front. Radiator.

Bedroom Nine

5.64m x 4.1m

Double glazed velux windows to the rear and side and additional double glazed window to the rear. Radiator, eaves access and door to the en-suite.

En-Suite Bathroom

2.77m x 2.2m

Double glazed velux window to the rear. Four piece suite comprising a shower cubicle, freestanding bath, top mounted wash hand basin and WC. Heated towel rail and tiled flooring.

Bedroom Ten

3.7m x 3.8m

Double glazed velux windows to the front and side. Radiator.

Basement

Doors to the cellar and communal reception room.

Communal Reception Room

4.95m x 4.06m

Radiator.

Cellar

4.95m x 4.22m

Outbuilding

Hallway

3.63m x 1.52m

Wooden door. Radiator, tiled flooring, doors to the garage, meeting hall and toilet.

Meeting Hall

8.2m max 8.08m min x 6.63m max - Double doors to the side. Three radiators and a kitchenette with base units, one and half sink drainer, space for a gas cooker and space for a fridge freezer. Door to the storage room.

Storage Room

3.23m x 2.97m

Double glazed window to the front. Radiator.

Toilet

1.85m x 2.29m

WC, pedestal wash hand basin, radiator and tiled flooring.

Garage

5.9m max x 5.28m max 4.52m min - Rollershutter door to the front. Inspection pit.

Tenancy & Licence

The property currently has a license which was granted in 2022 to be used as a nine bedroom HMO to a maximum of eleven occupants. The property generates gross annual rental income of £49,320. In 2024 the total bills (gas, electricity, water and council tax) totalled £10,032. Therefore the net annual profit was £39,288.

Property Details

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