Property Description

A substantial three storey 8-bedroom HMO fully let returning £51,300 per annum, representing a very attractive yield of 20.52% against the guide price, based on comparable evidence. The property was fully upgraded and renovated just 3 years ago but there is further scope to add two extra bedrooms subject to the relevant planning permissions. Prospective buyers must make all necessary independent enquiries in this respect for their specific, intended use prior to placing their bid, as this will be binding. Located in the heart of Derby City Centre within walking distance to a wide variety of shops, restaurants & bars. Public transport links are great with a bus stop right outside and the train station less than 1 mile away. Road links are A52, A38 onto the M1.

Ground floor -

Entrance hallway, bike store and storage area.

Communal living space and kitchen -

Located on the first floor.

First floor -

two double bedrooms with ensuite, W/C, shower room and boiler room.

Second floor -

Two double bedrooms, bathroom and a double bedroom with ensuite

Third floor -

Two double bedrooms, bathroom and double bedroom with ensuite.

Mobile Phone Coverage

O2, EE, Three and Vodafone avaliable.

Construction Material -

As per EPC: Wall - solid brick, as built, no insulation. Roof - pitched, 250 mm loft insulation.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure

Freehold

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