4 Bed HMO, Derby, DE22 3WE, £150,000

Moss Street, Derby, DE22 3WE - 9 views - 4 months ago

Sold STC
Auction
HMO
ROI: 13%
~129 m²

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£5,700

Total Cash In

£43,200

 

 

Cash Out

 

Room Rate

£433

Gross Rent

£1,732

Running Costs/mo

£1,257

Cashflow/mo

£475

Cashflow/yr

£5,700

ROI

13%

Gross Yield

14%













Property History

Listed for £150,000

December 17, 2024

Sold for £80,000

2005

Floor Plans

Description

  • Four bedroom mid terrace property +
  • Ideally suited for the investor +
  • Offered for sale with no onward chain +
  • Spacious ground floor accommodation +
  • Situated close to Derby city centre +
  • Council tax band A +
  • Gas central heating +
  • Freehold +
  • EPC band D +
  • Viewing comes highly recommended +

THE PROPERTY Offered for sale with no onward chain is this four bedroom mid terrace property, conveniently positioned for Derby city centre. Previously the property was used for a professional house share, making it an ideal investment opportunity for both HMO and single unit. The property benefits from gas central heating and double glazing throughout and comprises of lounge, dining room, kitchen and bathroom to the ground floor and four bedrooms to the first floor.

Enquire now to secure your viewing.

This property is for sale by Martin & Co Derby powered by iamsold Ltd.

The property is for sale by Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance.

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

The property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Agent Details

Martin & Co, Derby

01332 215579

Next Steps?

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

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