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10-Bedroom Hmo Converted From Former Public House

Derby, DE22 - Get Access

10 bed 10 bath

Description

This is an excellent investment opportunity to acquire a fully refurbished former public house that has been converted into a high-quality 10-bedroom HMO (House in Multiple Occupation). The property is located in a prominent and busy position just outside Derby city centre, close to major employers, transport links, Royal Derby Hospital, and the University of Derby, making it an attractive location for tenants. The property has undergone a complete back-to-brick renovation and has been finished to a modern standard throughout. It now provides 9 self-contained studio rooms with kitchen facilities and 1 en-suite bedroom, together with excellent shared amenities including a spacious kitchen and dining area, lounge, games room, cinema room, and laundry room. The studios are well designed and exceed Derby City Council's minimum room size standards. Two of the studios are particularly spacious (approximately 20 sqm and 26 sqm), offering a self-contained apartment-style living experience. The building is of traditional brick construction with a pitched roof and has been extensively refurbished, providing a modern, low-maintenance investment with an expected useful life of over 50 years. Planning permission (Ref: 21/02044/FUL, granted 13 May 2022) approved the change of use from a former public house to a 10-bedroom HMO, providing a fully compliant and ready-to-let investment opportunity. Key Highlights-Fully refurbished former public house-Converted into a 10-bedroom HMO-9 studio rooms and 1 en-suite bedroom-Modern shared kitchen, dining room, lounge and laundry-All rooms meet or exceed Derby City Council space standards-Two extra-large studios (20 sqm and 26 sqm)-Traditional brick building with complete back-to-brick renovation-Planning permission in place for HMO use-Excellent location close to Derby city centre, Royal Derby Hospital, and the University of Derby-High-quality turnkey investment with strong rental potential* Excellent access to local amenities and transport links. Offers considered pre-auction. Buyers premium applies.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
High confidence Floor Area: 3,025 sq ft (Floor plan)

The property is a 10-bedroom HMO, formerly a public house, located on a busy road near Derby city centre. It has undergone a comprehensive back-to-brick renovation, offering modern studio rooms and shared amenities. The valuation is primarily based on the property's characteristics as a high-quality, newly refurbished HMO and its strong rental potential in a desirable location. Given the lack of same-building sales, nearby comparable HMO sales and properties with similar conversion potential were considered.

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