7 Bed HMO, Derby, DE1 1PA, £240,000

Gerard Street North, Derby, DE1 1PA - 18 views - 7 months ago

HMO
ROI: 21%
~217 m²
+12 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£60,000

Stamp Duty & Legal Fees

£13,200

Total Cash In

£73,200

 

 

Cash Out

 

Room Rate

£503

Gross Rent

£3,521

Running Costs/mo

£2,215

Cashflow/mo

£1,306

Cashflow/yr

£15,677

ROI

21%

Gross Yield

18%













Property History

Price changed to £240,000

March 8, 2025

Price changed to £250,000

January 15, 2025

Listed for £260,000

September 6, 2024

Floor Plans

Description

  • HMO Property +
  • Seven Bedrooms +
  • Communal Kitchen/Living Area +
  • City Centre Location +
  • Close to Amenities, Hospital & University Campuses +
  • Investors Only +

SUMMARY
Investment opportunity - seven bedroom HMO located in Derby City Centre.

DESCRIPTION
An excellent opportunity to purchase a large seven-bedroom HMO located close to Derby City. The accommodation in brief comprises a entrance hallway, spacious communal kitchen/ living and dining area and two ground floor double bedrooms. To the first floor can be found four further bedroom and two shower rooms. Stairs from the landing lead to a further double bedroom. Outside to the rear of the property is a good size garden area.

The property is well placed for access to local amenities, access to Derby City, University Campuses, the Royal Derby Hospital, and local road links.

Internal viewing comes highly advised.

1. MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. These particulars do not constitute part or all of an offer or contract.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Potential buyers are advised to recheck the measurements before committing to any expense.
5. Burchell Edwards has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
6. Burchell Edwards has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

Agent Details

Ashley Adams, Derby

01332 215448

Next Steps?

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

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