6 Bed HMO, Derby, DE1 3BB, £325,000

Duffield Road, Derby, DE1 3BB - 1 views - 7 months ago

HMO
ROI: 6%
~155 m²
+16 photos

ValuationUndervalued

Sold Prices£260K - £787.5K
Sold Prices/m²£1.2K/m² - £3.8K/m²

 

 

Square Metres

~154.95 m²
Price/m²£2.1K/m²

Value Estimate

£349,616
BMV8%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£81,250

Stamp Duty & Legal Fees

£14,700

Total Cash In

£95,950

 

 

Cash Out

 

Room Rate

£451

Gross Rent

£2,706

Running Costs/mo

£2,243

Cashflow/mo

£463

Cashflow/yr

£5,562

ROI

6%

Gross Yield

10%

Local Sold Prices

13 sold prices from £260K to £787.5K, average is £552.5K. £1.2K/m² to £3.8K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£500K09/220.17 mi10, Belper Road, Derby, City Of Derby DE1 3EN6
£560K03/210.76 mi185, Duffield Road, Allestree, Derby, City Of Derby DE22 1JB6
£260K01/230.92 mi140, Burton Road, Derby, City Of Derby DE1 1TN6
£787.5K04/231.14 mi15, Church Lane, Darley Abbey, Derby, City Of Derby DE22 1EX6
£340K03/211.31 mi398, Kedleston Road, Derby, City Of Derby DE22 2TF6
£552.5K03/211.42 mi24, St Georges Close, Allestree, Derby, City Of Derby DE22 1JH6
£625K01/211.82 mi2, Cornhill, Allestree, Derby, City Of Derby DE22 2FT6
£637.5K06/231.89 mi15, Scarsdale Avenue, Littleover, Derby, City Of Derby DE23 6ER6
£410K01/211.92 mi14, Balmoral Close, Littleover, Derby, Derbyshire DE23 6DY6
£500K03/232.14 mi5, Upper Hollow, Littleover, Derby, City Of Derby DE23 6GJ6
£275K11/202.19 mi54a, Grange Avenue, Derby, City Of Derby DE23 8DG6
£565K08/212.75 mi10, Moorland Road, Mickleover, Derby, City Of Derby DE3 9FX6
£730K04/212.8 mi7, Gorsehill Grove, Littleover, Derby, City Of Derby DE23 3ZE6

Local Area Statistics

Population in DE1

14,046

Population in Derby

308,324

Town centre distance

0.98 miles away

Nearest school

0.20 miles away

Nearest train station

1.16 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+5%

Sales demand

Balanced market

Capital growth (5yrs)

+28%

Property History

Listed for £325,000

August 22, 2024

Floor Plans

Description

  • HMO Investment Property +
  • Period Townhouse +
  • Parking To Rear Of Property +
  • Walking Distance to City Centre +
  • Close to Darley Park +
  • Strutts Park Conservation Area +

Welcome to this spacious and characterful mid-palisade property, ideally located for family living. With generous room sizes throughout, this versatile home offers ample space to create your dream living environment. Set across multiple floors, the layout allows flexibility for large families or those seeking home office spaces. The property features a welcoming front entrance, leading to bright and airy living spaces filled with period charm. With multiple bedrooms, this home ensures that everyone has their own private retreat, while still offering communal areas perfect for family gatherings. There are also three bathrooms, ensuring convenience and comfort for a bustling household. Outside, you’ll find a low-maintenance garden area and parking space, adding to the appeal. Situated close to local amenities, schools, and transport links, this home combines character with practicality, making it an ideal choice for families looking to settle in a vibrant community. No onward chain allows for a straightforward purchasing process, making it easier to envision your family’s future in this unique property. Don’t miss the opportunity to make this house your home – arrange a viewing today! EPC rating: D. Tenure: Freehold,

Agent Details

Northwood, Derby

01332 215583

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪