8 Bed HMO, Derby, DE23 6AE, £900,000

Burton Road, Derby, Derbyshire, DE23 6AE - 15 views - 6 months ago

Auction
HMO
~248 m²
+25 photos

ValuationOvervalued

Sold Prices£92K - £450K
Sold Prices/m²£658/m² - £3K/m²

 

 

Square Metres

~248 m²
Price/m²£3.6K/m²

Value Estimate

£423,295

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£225,000

Stamp Duty & Legal Fees

£72,450

Total Cash In

£297,450

 

 

Cash Out

 

Room Rate

£485

Gross Rent

£3,880

Running Costs/mo

£4,647

Cashflow/mo

£-767

Cashflow/yr

£-9,208

Gross Yield

5%

Local Sold Prices

47 sold prices from £92K to £450K, average is £224K. £658/m² to £3K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£270K09/210.11 mi27, Breedon Hill Road, Derby, City Of Derby DE23 6TH4
£220K10/210.12 mi14, Vicarage Avenue, Derby, City Of Derby DE23 6TP4
£224K06/210.14 mi72, Empress Road, Derby, City Of Derby DE23 6TE4
£310K02/230.16 mi41, Whitaker Road, Derby, City Of Derby DE23 6AR4
£230K03/210.18 mi5, Uplands Gardens, Derby, City Of Derby DE23 6AS4
£153K08/210.24 mi122, Stonehill Road, Derby, City Of Derby DE23 6TL4
£100K07/210.24 mi42, Howard Street, Derby, City Of Derby DE23 6TX4
£135K04/210.25 mi22, Byron Street, Derby, City Of Derby DE23 6TT4
£287K11/220.28 mi9, Overdale Road, Derby, City Of Derby DE23 6AU4
£268K12/220.28 mi79, Overdale Road, Derby, City Of Derby DE23 6AU4
£250K10/200.34 mi7, Carlton Road, Derby, City Of Derby DE23 6HB4
£355K02/230.36 mi44, Carlton Road, Derby, City Of Derby DE23 6HA4
£267.5K10/210.4 mi176, St Albans Road, Derby, Derbyshire DE22 3JQ4
£160K12/200.41 mi4, Chatsworth Street, Derby, City Of Derby DE23 6NR4
£122.5K07/210.43 mi8, Lynton Street, Derby, City Of Derby DE22 3RU4
£100K12/210.47 mi64, Scott Street, Derby, City Of Derby DE23 8QT4
£287.5K02/210.49 mi83, Palmerston Street, Derby, City Of Derby DE23 6PF4
£165K08/230.5 mi24, Harriet Street, Derby, City Of Derby DE23 8EQ4
£176K10/200.51 mi77, Wolfa Street, Derby, City Of Derby DE22 3SE4
£176K02/230.51 mi97, Wolfa Street, Derby, City Of Derby DE22 3SE4
£295K04/230.54 mi33, Leopold Street, Derby, City Of Derby DE1 2HF4
£295K11/200.58 mi16, Arlington Road, Derby, City Of Derby DE23 6NY4
£155K10/200.6 mi158, Almond Street, Derby, City Of Derby DE23 6LY4
£140K12/220.61 mi211, Upper Dale Road, Derby, City Of Derby DE23 8BS4
£115K03/210.69 mi34, Sale Street, Derby, City Of Derby DE23 8GD4
£220K05/210.73 mi24, Trowels Lane, Derby, City Of Derby DE22 3LS4
£320K10/210.73 mi8, South Avenue, Littleover, Derby, City Of Derby DE23 6BA4
£188K03/230.75 mi35, Molineux Street, Derby, City Of Derby DE23 8HF4
£386K11/200.77 mi36, Eastwood Drive, Littleover, Derby, City Of Derby DE23 6BN4
£190K11/200.78 mi21, St Albans Road, Derby, City Of Derby DE22 3JJ4
£251K01/210.8 mi61, Penrhyn Avenue, Derby, City Of Derby DE23 6LB4
£285K08/210.82 mi7, Albany Road, Derby, City Of Derby DE22 3LW4
£100K06/210.83 mi33, Grange Street, Derby, City Of Derby DE23 8HD4
£283K03/210.84 mi12, Yoxall Drive, Derby, City Of Derby DE22 3SF4
£154K03/210.85 mi57, Douglas Street, Derby, City Of Derby DE23 8LJ4
£372.5K12/200.87 mi7, Thornhill Road, Derby, City Of Derby DE22 3LX4
£425K02/210.89 mi5, Park Drive, Littleover, Derby, City Of Derby DE23 6FY4
£282K02/210.89 mi131, Normanton Lane, Littleover, Derby, City Of Derby DE23 6LF4
£145K07/230.89 mi38, Chatham Street, Derby, City Of Derby DE23 8TH4
£275K08/230.91 mi40, Slater Avenue, Derby, City Of Derby DE1 1GT4
£450K03/230.93 mi1, Lawn Heads Avenue, Littleover, Derby, City Of Derby DE23 6DR4
£150K08/210.94 mi232, Osmaston Road, Derby, City Of Derby DE23 8LB4
£168.5K01/230.96 mi8, Horton Street, Derby, City Of Derby DE23 8LN4
£400K02/210.97 mi17, Crich Avenue, Littleover, Derby, City Of Derby DE23 6ET4
£410K01/210.97 mi5, Scarsdale Avenue, Littleover, Derby, City Of Derby DE23 6ER4
£92K04/210.98 mi4, Dexter Street, Derby, City Of Derby DE23 8LL4
£174K03/231 mi25, Hawke Street, Derby, City Of Derby DE22 3DQ4

Local Area Statistics

Population in DE23

59,979

Population in Derby

308,324

Town centre distance

0.62 miles away

Nearest school

0.20 miles away

Nearest train station

1.05 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-2%

Sales demand

Seller's market

Capital growth (5yrs)

+22%

Property History

Price changed to £900,000

February 12, 2025

Listed for £1,000,000

October 2, 2024

Floor Plans

Description

  • Large Detached Family Home Or Possible HMO +
  • Modern Throughout +
  • Three Ensuites And Family Bathroom +
  • Spacious Reception Rooms +
  • Living / Kitchen / Diner +
  • Ample off Street Parking +
  • 2x double garage +
  • For Sale by Modern Auction – T & C’s apply +
  • Subject to Reserve Price +
  • Buyers fees apply +

This impressive period property is located on the outskirts of Derby city center and boasts 8 bedrooms, three reception rooms, and a stylish living kitchen diner. The property features under floor heating heating, solar pannels, a double garage, and ample off street parking. The spacious living area includes a welcoming hall, a ground floor WC, three large reception rooms, useful utility room, a stylish living kitchen diner, and access to a convenient cellar. Upstairs, the first floor hosts five bedrooms and a modern family bathroom, while the second floor offers two additional bedrooms, with dressing room and ensuites, that could easily be transformed into self-contained apartments. Previously used as a nursery, the property is now utilized for residential purposes but could be converted into a House Of Multiple Occupation (HMO). This property is perfect for a large family in need of extensive accommodation or an entrepreneur looking for a lucrative investment opportunity. Outside the property has delighful landscaped gardens to the front and rear, ample off street parking and Double garages to the rear boundary. Please call to view this Incredibly large, Characteristic family home!

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding. The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax. Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.

Agent Details

Frank Innes, Derby

01332 215488

Next Steps?

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