3 bed terraced house for sale

Leman Street, Derby DE22

A ready-made investment opportunity located within a consistently strong rental area of Derby, currently generating £2,100 pcm from reliable long-term tenants with no arrears history.

Situated on Leman Street, DE22, the property benefits from a highly sought-after position close to the city centre and the main University of Derby campus, making the area particularly popular with students, young professionals and long-term tenants. The location continues to experience strong rental demand due to its excellent access to local amenities, transport links and major employment hubs.

Priced below market value due to seller motivation, the property offers investors immediate equity alongside a projected gross yield of over 14%. Comparable HMO and multi-let rental properties nearby are currently achieving between £1,800–£2,400 pcm depending on specification and occupancy levels, supporting strong ongoing rental growth potential.

The surrounding area within Derby remains one of the city’s most active rental locations due to its proximity to University of Derby, Derby Royal Hospital and the city centre, helping sustain year-round tenant demand and low vacancy levels.

The property is presented in low-maintenance condition with no major works required, making it an ideal hands-off addition to any investment portfolio, particularly for landlords seeking strong cash flow within a proven high-yield rental market.

Please note that any systems, appliances, or services shown in the marketing photographs have not been tested by us and will be subject to the fixtures and fittings agreement with the seller.

Once an offer is accepted, a deposit of £5,000 will be required to secure the property in accordance with our terms and conditions. This deposit will be deducted from the final purchase price on completion. In addition, a non-refundable reservation fee of £600 (including VAT) will be payable. This fee is separate from, and not deducted from, the purchase price.

All cash buyers are required to indemnify searches and surveys in line with our terms and conditions.