5 bedroom Mid-Terrace House
Wolfa Street, Derby
£250,000 Offers In Excess Of
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Refurbished investment property on Wolfa Street with an HMO licence currently under application. Offering five potential lettable bedrooms, modern shower rooms and a refitted kitchen, providing a strong opportunity for future income once licensed.
6 Bedroom Investment Opportunity
The property has recently undergone a comprehensive refurbishment to a high standard throughout, making it an ideal purchase for investors seeking a well-presented asset with strong future income potential. Internally, the accommodation is well laid out and now offers five generously sized bedrooms, all of which have been designed with lettability and tenant comfort in mind, subject to the granting of the HMO licence.
The refurbishment includes modern refitted shower rooms, finished with contemporary fixtures and fittings, alongside a stylish refitted kitchen providing ample storage, preparation space and facilities suitable for multi-occupancy living. The overall finish is clean, modern and low-maintenance, reducing the need for immediate further capital expenditure.
The layout has been carefully configured to support a five -bedroom HMO model, with accommodation well suited to private letting arrangements alongside shared facilities. Once the HMO licence is granted and the property is operated by new owners, it offers flexibility to be run in line with the owner’s preferred HMO strategy.
Situated on Wolfa Street, the property is within walking distance of Derby city centre and offers excellent access to Derby University and the Royal Derby Hospital, as well as convenient access to local amenities and transport links, supporting its long-term suitability for multi-occupancy use.
Upon successful licensing, the property offers the potential for multiple income streams and attractive rental yields, making it an excellent addition to an existing portfolio or a strong entry point into the HMO market for new investors.
Early viewing is highly recommended to appreciate the quality of refurbishment and the future potential on offer.
Property Reference: HRT013327498
Entrance Hall
Accessed via the double glazed front entrance door, having stairs to the first floor and doors leading to:
Communal Kitchen 12ft 5ins x 10ft 0ins (3.8m x 3.05m)
Comprising of a range of wall and base units with two double ovens and two inset hobs. The kitchen also benefits from a window to the side elevation, radiator and door leading to:
Bedroom One 12ft 2ins x 12ft 7ins (3.73m x 3.84m)
Having a radiator, double glazed window to the front elevation and door leading to the ensuite shower room.
Ensuite Shower Room 5ft 10ins x 3ft 1ins (1.79m x 0.96m)
Comprising of shower enclosure, WC and vanity wash hand basin as well as a heated towel rail.
Bedroom Two 13ft 4ins x 9ft 8ins (4.08m x 2.95m)
Having a radiator and double glazed double doors leading to the rear garden.
Bedroom Three 11ft 7ins x 9ft 0ins (3.55m x 2.75m)
Located off the kitchen and having a radiator and double glazed window to the rear elevation.
Ensuite 5ft 6ins x 4ft 5ins (1.69m x 1.37m)
Having a shower enclosure, wash hand basin and WC.
First Floor Landing
Having doors leading to:
Bedroom Four 12ft 9ins x 12ft 3ins (3.91m x 3.75m)
Having a radiator and two double glazed window to the front elevation.
Ensuite Shower Room 5ft 11ins x 3ft 1ins (1.82m x 0.95m)
Comprising of shower enclosure, vanity wash hand basin and WC. Having splashback panelling.
Bedroom Five 13ft 5ins x 10ft 4ins (4.09m x 3.15m)
Having a radiator and double glazed window to the rear elevation.
Ensuite Shower Room 5ft 10ins x 3ft 6ins (1.79m x 1.07m)
Comprising of vanity wash hand basin, shower enclosure, WC and heated towel rail.
Bedroom Six 9ft 3ins x 10ft 0ins (2.84m x 3.07m)
Having a radiator and double glazed window.
Ensuite 6ft 8ins x 2ft 11ins (2.04m x 0.9m)
Comprising of shower enclosure and vanity wash hand basin.
Shower Room 5ft 3ins x 6ft 8ins (1.62m x 2.04m)
Having a shower enclosure, wash hand basin, WC and double glazed window to the side elevation.
About Derby
Derby in the East Midlands is controlled by Derby City Council, has more than 250,000 residents and has a diverse population. It lies in south Derbyshire on the Banks of the River Derwent and the largest employer in the area is Rolls-Royce, the world’s second-largest aero-engine manufacturer. The city is also the home of the Royal School for the Deaf Derby, and there is a significant deaf population in the community.
Derby plays host to a huge range of big events throughout the year, from the UK’s largest outdoor classical concert to a photography festival and beer festival, to name just a few. Whatever you like to do, you can probably do it in Derby. The Derby QUAD has an art gallery, cinemas, café bar and artists' studios, while Déda is a dance centre, running classes in everything from ballet to circus skills.
£241,883
Average price paid in Derby
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