This end-of-terrace property on Warwick Street offers a remarkable chance for investors interested in a House in Multiple Occupation (HMO) with significant value-adding potential. With planning permission for a 4-bedroom HMO, the layout is adaptable to various investment strategies. Currently, the property is configured across three floors, providing ample living space that can be optimised for rental yield while allowing buyers to finish it according to their preferences.
The ground floor features a spacious front bedroom with its own ensuite, complemented by an open-plan lounge and kitchen area at the rear, perfect for creating a communal living environment. A separate utility room and a convenient WC enhance the practical use of this level.
The first floor hosts three additional bedrooms, each equipped with its own ensuite to ensure comfort and privacy. An extra fifth bedroom with an ensuite is situated on the second floor. Although designed for five bedrooms, the existing HMO licence accommodates four, offering flexibility based on compliance needs or structural reconfiguration.
Crucially, this property comes as a blank canvas; plumbing and electrical systems are already installed throughout, ready for finishing touches. However, bathrooms and kitchens require complete fittings and fixtures since they are not currently operational. This scenario presents an excellent opportunity for buyers willing to undertake full renovations tailored to their standards.
Externally, the property holds a desirable end terrace position within easy reach of Derby city centre's shops, amenities, and leisure options. Public transport links further enhance its attractiveness as a rental option.
In summary, this property represents an enticing investment opportunity with promising income potential and ample scope for enhancements in a prime location.
