Located on Warwick Street, this end-terrace property offers a promising investment opportunity, particularly for those interested in developing a House in Multiple Occupation (HMO). With an existing license for a 4-bedroom HMO, the layout presents flexibility for various investment strategies and potential to enhance rental income. Spanning three floors, the property currently features a well-sized front bedroom with ensuite facilities on the ground floor, complemented by an open-plan lounge and kitchen area—ideal for tenants to enjoy as a communal space. A separate utility room and ground-floor WC add convenience.
Moving to the first floor, there are three additional bedrooms with their own ensuites, ensuring privacy and comfort. The second floor accommodates another bedroom with an ensuite, expanding rental options. While designed for five bedrooms currently, the license permits four—a valuable consideration for reconfiguration.
Crucially offered in a 'blank canvas' condition, the property has plumbing and electrical installations ready throughout but lacks fittings and final connections; kitchens and bathrooms need full installation. This situation opens up opportunities for buyers to tailor finishes according to their specifications.
Externally, this end-terrace residence provides access to local amenities of Derby city centre and is well-connected by public transport—an attractive proposition for prospective tenants. This property's potential for significant enhancement makes it an excellent candidate for investors looking to create value through renovation.
