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This property was removed from Dealsourcr.

9 Bed HMO, Derby, DE23 6AD £520,000

Burton Road, Derby, DE23 6AD - 30 views - a year ago
  1. Deal Search
  2. Derby
  3. DE23
  4. DE23 6AD
HMO
Cash
ROI: 3%
~279 m²

ValuationOvervalued

This may not be accurate, please check manually.

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Links

  • More Deals in Derby
  • More Deals in DE23
  • More HMO Deals
  • More HMO Deals in Derby
  • More HMO Deals in DE23

Property History

Listed for £520,000

November 7, 2024

Description

  • Freehold +
  • 9-Bed HMO +
  • Annual Rental Income of £47,800 +
  • Gross Yield of 9.25% +
  • Prime Investment Opportunity +
  • Close to Derby City Centre +
  • Excellent Transport Links +

A FULLY LET, 9-BEDROOM HMO, each bedroom featuring a PRIVATE EN-SUITE, designed to accommodate UP TO 12 TENANTS. This property generates an IMPRESSIVE ANNUAL RENTAL INCOME of £47,800, offering a STRONG GROSS YIELD of 9.25%. Located CLOSE TO DERBY CITY CENTRE, the property provides EASY ACCESS TO PUBLIC TRANSPORT and is CONVENIENTLY SITUATED near LOCAL AMENITIES, making it highly attractive to tenants. The FREEHOLD with VACANT POSSESSION is available, or it can be purchased SUBJECT TO EXISTING TENANTS, providing flexibility to the buyer. This is an IDEAL INVESTMENT OPPORTUNITY for those looking to achieve HIGH RENTAL RETURNS in a PRIME LOCATION. The property comes with FULL PLANNING CONSENT for its current use and is LICENCED FOR MULTIPLE OCCUPATION (Ref - M100823) with approval from 22/08/2023 to 21/07/2028. Don’t miss this opportunity to acquire a TURNKEY INVESTMENT with EXCELLENT CASH FLOW and APPRECIABLE LONG-TERM VALUE.

EPC Rating: D

Agent Details

SAB Estates, Greenford

020 8138 8637

Next Steps?

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

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Investment Opportunity

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