Property Description

An excellent freehold residential investment opportunity to acquire a fully licensed five bedroomed, three storied HMO property conveniently positioned for Derby City Centre and Derbion Shopping centre. Currently the property is part let, part vacant. Three of the five rooms are currently let, with an annual income of £17,100. Based on the guide the current yield sits at 9.2%. Once fully let the potential annual income is £28,620, converting to a yield of 15.4%. In lour there is scope for rental increase. Internally the well equipped living accommodation has the benefit of sealed unit uPVC double glazing, gas central heating and in brief comprises entrance hall, spacious kitchen diner, lean-to/workshop and two double bedrooms. To the first floor landing there are two double bedrooms, a bathroom and a shower room and to the second floor a loft room/bedroom. Outside to the front there is a walled fore court and gated driveway with carport to the side. To the rear there is an enclosed garden. The property is situated in the context of an established residential location always a popular choice with landlords and families. Additional Information: Water: Mains Sewerage: Mains Heating: Mains gas central heating Building construction: Standard brick Broadband: Standard, Ultrafast and Superfast is available in this location. Mobile Signal: EE, O2, Vodaphone and Three are available in this location for Voice and Data. Satellite and Cable TV Availability: Sky, Virgin and BT are available in this location.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure

Freehold

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