4 Bed HMO, Derby, DE23 8HQ, £150,000

Dairy House Road, DERBY, Derbyshire, DE23 8HQ - 3 months ago

Auction
HMO
ROI: 14%
~117 m²
+9 photos

ValuationFair Value

Sold Prices£92K - £355K
Sold Prices/m²£658/m² - £2.5K/m²

 

 

Square Metres

~117 m²
Price/m²£1.3K/m²

Value Estimate

£147,806

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£9,200

Total Cash In

£46,700

 

 

Cash Out

 

Room Rate

£459

Gross Rent

£1,836

Running Costs/mo

£1,280

Cashflow/mo

£556

Cashflow/yr

£6,677

ROI

14%

Gross Yield

15%

Local Sold Prices

30 sold prices from £92K to £355K, average is £162.5K. £658/m² to £2.5K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£188K03/230.16 mi35, Molineux Street, Derby, City Of Derby DE23 8HF4
£115K03/210.18 mi34, Sale Street, Derby, City Of Derby DE23 8GD4
£154K03/210.29 mi57, Douglas Street, Derby, City Of Derby DE23 8LJ4
£100K06/210.34 mi33, Grange Street, Derby, City Of Derby DE23 8HD4
£150K08/210.4 mi232, Osmaston Road, Derby, City Of Derby DE23 8LB4
£168.5K01/230.42 mi8, Horton Street, Derby, City Of Derby DE23 8LN4
£158K06/230.46 mi29, Balfour Road, Derby, City Of Derby DE23 8UP4
£165K08/230.47 mi24, Harriet Street, Derby, City Of Derby DE23 8EQ4
£140K12/220.47 mi211, Upper Dale Road, Derby, City Of Derby DE23 8BS4
£100K12/210.47 mi64, Scott Street, Derby, City Of Derby DE23 8QT4
£92K04/210.47 mi4, Dexter Street, Derby, City Of Derby DE23 8LL4
£145K07/230.48 mi38, Chatham Street, Derby, City Of Derby DE23 8TH4
£100K07/210.52 mi42, Howard Street, Derby, City Of Derby DE23 6TX4
£135K04/210.52 mi22, Byron Street, Derby, City Of Derby DE23 6TT4
£155K10/200.53 mi158, Almond Street, Derby, City Of Derby DE23 6LY4
£153K08/210.57 mi122, Stonehill Road, Derby, City Of Derby DE23 6TL4
£224K06/210.62 mi72, Empress Road, Derby, City Of Derby DE23 6TE4
£270K09/210.65 mi27, Breedon Hill Road, Derby, City Of Derby DE23 6TH4
£220K10/210.71 mi14, Vicarage Avenue, Derby, City Of Derby DE23 6TP4
£160K12/200.71 mi4, Chatsworth Street, Derby, City Of Derby DE23 6NR4
£119K10/200.72 mi2, Arleston Street, Derby, City Of Derby DE23 8WG4
£287K11/220.73 mi9, Overdale Road, Derby, City Of Derby DE23 6AU4
£268K12/220.73 mi79, Overdale Road, Derby, City Of Derby DE23 6AU4
£295K04/230.73 mi33, Leopold Street, Derby, City Of Derby DE1 2HF4
£230K03/210.74 mi5, Uplands Gardens, Derby, City Of Derby DE23 6AS4
£180K12/210.76 mi64, Underhill Avenue, Derby, City Of Derby DE23 8WE4
£310K02/230.77 mi41, Whitaker Road, Derby, City Of Derby DE23 6AR4
£250K10/200.84 mi7, Carlton Road, Derby, City Of Derby DE23 6HB4
£355K02/230.87 mi44, Carlton Road, Derby, City Of Derby DE23 6HA4
£287.5K02/210.92 mi83, Palmerston Street, Derby, City Of Derby DE23 6PF4

Local Area Statistics

Population in DE23

59,979

Population in Derby

308,324

Town centre distance

0.68 miles away

Nearest school

0.20 miles away

Nearest train station

0.52 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 £150,000

March 16, 2025

Price changed to £160,000

February 28, 2025

Listed for £190,000

January 20, 2025

Floor Plans

Description

  • For Sale by Modern Auction – T & C’s apply +
  • Subject to Reserve Price +
  • Buyers fees apply +
  • The Modern Method of Auction +
  • Spacious end terraced house +
  • Four bedrooms +
  • Hallway and two reception rooms +
  • Gas central heating and double glazing +
  • Garage +
  • Front forecourt and rear garden +

A spacious end terraced house offering four double bedrooms, two reception rooms, kitchen diner, ground floor cloakroom, low maintenance gardens and garage, being sold by modern method of auction. This potential HMO benefits from gas central heating and double glazing. To the ground floor there is a welcoming hallway, bay fronted lounge to the front, kitchen diner and a living room located at the rear with a useful cloakroom off. To the first floor there is three double bedrooms and a bathroom. There is an additional attic bedroom four located on the second floor. To the front there is a walled forecourt and to the rear there is a low maintenance garden with a garage accessed from Holcombe Street. Viewing is essential.

This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation
Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd).
If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information
Pack is provided. The buyer will pay £300 inc 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 4.5% of the purchase
price inc VAT, subject to a minimum of £6,600 inc VAT. This Fee is paid to reserve the property to the buyer during the
Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/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. These services are optional.

Agent Details

Frank Innes, Derby

01332 215488

Next Steps?

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

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