Property Description

High yield residential investment opportunity. Situated within easy reach of Pride Park and Derby city centre is a well appointed, three storey, five double bedroom (all with en-suites) fully licensed HMO property (granted by Derby City Council in May 2023). The well equipped investment property is currently let on five assured shorthold tenancy agreements, producing a combined gross monthly income of £2,436.50 per calendar month (£29,238 per annum). This represents an impressive 16.2% return based on the guide price. The brick built town house has the benefit of being uPVC double glazed, gas centrally heated and in brief comprises entrance hall with staircase to first floor, bedroom one with en-suite shower room, communal lounge/dining room and a stylish fitted kitchen with a comprehensive range of built-in appliances. To the first floor landing there is useful laundry room and two double bedrooms, both en-suite shower rooms. To the second floor there are two further double bedrooms, again both with fitted en-suite shower rooms. Outside to the rear of the property there is low maintenance garden. The property is situated within the context of an established residential location with excellent road networks connections and is always a popular choice with landlords/investors locally and nationally.

Please Note

The internal photographs have been supplied by the seller and are believed to have been taken in 2018. Room measurements will not be provided. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.

Tenure

Freehold

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