8 bedroom House of Multiple Occupation in Derby

85-87 Curzon Street, Derby DE1 1LN
  • Lot No: 40
  • Property Type: House of Multiple Occupation
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £325,000+ plus fees

Result Sold at Auction £414,000

Property Description

A large, double fronted residence offering a twin HMO property totalling 8 bedrooms and a rental income of £40,320 per annum. Full HMO Licence and fully compliant. 85 Curzon Street - 3 bedroomed student property let at £15,120 per annum. 87 Curzon Street - 5 bedroomed student property let at £25,200 per annum. The property has an excellent, long letting history. The total rental income amounts to £40,320 per annum inclusive and therefore offering a return of over 12% at the current guide price. The property is in good order, with refitted modern kitchens, modern bathrooms and benefits from with gas central heating and uPVC double glazing. A ready made, low maintenance investment with income from day one. This student investment property has been fully managed and continually let out to students by Nicholas Humphreys estate and letting agents at Friar Gate, Derby since 2009. The agents are more than happy to carry on the management for future landlords.

Rental History:

2020/2021 - £36,816 2019/2020 - £36,480 2018/2019 - £43,992 2017/2018 - £35,100 2016/2017 - £32,400


85 Curzon Street

Comprises -


Ground Floor:

Reception Hallway<br>Communal Kitchen (Refitted and fully equipped)<br>Communal Lounge


First Floor:

Landing<br>Bedroom One<br>Bedroom Two<br>Large Bathroom


Second Floor:

Bedroom Three


Outside:

Garden to the front.


87 Curzon Street

Comprises -


Ground Floor:

Reception Hallway<br>Large Lounge/Diner<br>Communal Kitchen (Refitted and fully equipped)<br>Bedroom One


First Floor:

Landing<br>Bedroom Two<br>Bedroom Three<br>Bathroom


Second Floor:

Bedroom Four<br>Bedroom Five


Outside:

Garden to the rear.


Tenure

Freehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fee apply: • 10% deposit (subject to a minimum of £5,000) • Buyer’s Fee of £1,500 inc. VAT The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Auction Details

Date 24th February 2022

Venue National Property Auction
The National Property Auction will be conducted behind closed doors. The auction will be live-streamed online with remote bidding only. Registration for bidding will close at 12pm the day before the auction.

Lot Information

Contact Us

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Map

85-87 Curzon Street, Derby DE1 1LN