Merchant Street

This mid-terrace property is a fully licensed HMO arranged as five individual lets, currently accumulating a combined rental income of approximately £2,100 per calendar month. The property is presently fully occupied, with the current tenants due to vacate in June, offering an opportunity to re-let at an enhanced level. Following the end of the existing tenancies, the projected rental income is estimated at £2,325 per calendar month, equating to £27,900 per annum.


The location is ideal due to its close proximity to the University of Derby, Derby City Centre, and a short drive from the Royal Derby Hospital, along with nearby amenities including Kingsway Retail Park and Markeaton Park.

On the ground floor, the property comprises a living room, kitchen, utility room, two shower rooms, and a double bedroom. The first floor offers four further double bedrooms and a third shower room. Externally, the property benefits from a generous lawned rear garden with patio area, providing attractive communal outdoor space for tenants.


Based on the anticipated post-tenancy income of approximately £27,900 per annum, the property delivers a revised pre-tax yield of approximately 10.5%, making this a strong and well-located HMO investment opportunity with scope for immediate income growth.