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17 Charnwood Street, Derby, DE1 2GU - Image 1
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17 Charnwood Street, Derby, DE1 2GU

East Midlands

£300,000Guide Price

Listed on 16/10/2026

The listing

Property details

Bedrooms
8
Type
Block Of Apartments

Features

  • Garden
  • HMO
  • Tenanted

Description

Offered at auction, this three-storey detached property is arranged as an eight-bedroom HMO and extends to approximately 2,186 sq ft. The accommodation includes three bedrooms, three en-suites, a kitchen and WC on the ground floor; four bedrooms, three en-suites, a kitchen, shower room and WC on the first floor; and a further bedroom with en-suite and storage on the second floor. The property is described as being in reasonable decorative order and has a rear garden. It is part-vacant, with five rooms offered with vacant possession, while the occupied rooms are reported to produce £19,650 per annum. The listing identifies development potential subject to the necessary consents. Local amenities are available on Normanton Road, Burton Road and in Derby city centre, with Derby railway station providing rail connections.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

81out of 100
Grade AStrong opportunity

Confidence: MEDIUM

At £300,000, this substantial three-storey detached eight-bedroom HMO is offered at about £137 per sq ft, well below the local average of £243 per sq ft. That gives the project a strong acquisition angle, with existing income of £19,650 a year and five rooms vacant. The photographed spaces look generally usable, while plain finishes and some tired details leave scope for targeted decoration, flooring repairs where needed and a tidy-up of the paved courtyard. The multiple en-suite shower rooms are a useful feature for an HMO.

Key opportunities

  • Acquire at a marked discount to the local average price per square foot.
  • Use the five vacant rooms alongside the existing £19,650 annual income to shape the letting strategy.
  • Refresh plain finishes and improve the enclosed courtyard with targeted, relatively light work.

Key risks

None recorded.

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Map

Location

17 Charnwood Street, Derby, DE1 2GU
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Transport

Nearest stations

  • Derby Rail Station

    0.5 miles

    Train · Derby

  • Peartree Rail Station

    1.3 miles

    Train · Pear Tree

  • Spondon Rail Station

    2.7 miles

    Train · Spondon

  • Duffield Rail Station

    5.0 miles

    Train · Duffield

Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.

Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,133
Based on a loan of £225,000 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Tax

Stamp duty calculator

Indicative tax based on the asking price and the options you select.

Services

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