5 Bed HMO, Derby, DE22 3DW £275,000

Etwall Street, Derby, DE22 3DW - 9 views - 9 months ago
Sold STC
HMO
Inside Article 4
ROI: 7%
~178 m²
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+3 photos

ValuationUndervalued

Sold Prices£190K - £1.1M
Sold Prices/m²£1.1K/m² - £6.1K/m²

 

 

Square Metres

~178.28 m²
Price/m²£1.5K/m²

Value Estimate

£338,250
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£68,750

Stamp Duty & Legal Fees

£18,700

Total Cash In

£87,450

 

 

Cash Out

 

Room Rate

£490

Gross Rent

£2,450

Running Costs/mo

£1,929

Cashflow/mo

£521

Cashflow/yr

£6,248

ROI

7%

Gross Yield

11%

Local Sold Prices

45 sold prices from £190K to £1.1M, average is £495K. £1.1K/m² to £6.1K/m², average is £2.7K/m².

Price
Date
Distance
Address
Beds
 
£225K03/250.37 mi59, Friar Gate, Derby DE1 1DF5
£220K03/250.37 mi58, Friar Gate, Derby DE1 1DF5
£500K05/210.71 mi140, Kedleston Road, Derby, City Of Derby DE22 1FX5
£365K03/230.76 mi30, Bromley Street, Derby, City Of Derby DE22 1HJ5
£460K12/220.81 mi159, Burton Road, Derby, City Of Derby DE23 6AB5
£530K09/230.84 mi44, Belper Road, Derby DE1 3EN5
£530K09/230.84 mi44, Belper Road, Derby DE1 3EN5
£272.5K06/210.84 mi68, Brackensdale Avenue, Derby, City Of Derby DE22 4AE5
£282K11/230.84 mi18, Swinburne Street, Derby DE1 2HJ5
£282K11/230.84 mi18, Swinburne Street, Derby DE1 2HJ5
£500K06/230.89 mi12, West Park Road, Derby, City Of Derby DE22 1GG5
£795K10/210.97 mi114, Belper Road, Derby, City Of Derby DE1 3EQ5
£795K10/210.99 mi114, Belper Road, Derby DE1 3EQ5
£795K10/210.99 mi114, Belper Road, Derby DE1 3EQ5
£495K05/251.08 mi7, Bank View Road, Derby DE22 1EL5
£495K05/251.08 mi7, Bank View Road, Derby DE22 1EL5
£515K06/211.12 mi518, Burton Road, Littleover, Derby, City Of Derby DE23 6FN5
£216.5K06/211.13 mi140, Osmaston Road, Derby, City Of Derby DE1 2RF5
£535K09/211.15 mi10, Brendan Gardens, Derby, City Of Derby DE22 1BD5
£490.5K06/211.15 mi6, Brendan Gardens, Derby, City Of Derby DE22 1BD5
£680K07/251.17 mi234, Duffield Road, Derby DE22 1BL5
£310K04/231.18 mi27, Wimbledon Road, Derby, City Of Derby DE22 4ED5
£210K05/221.19 mi3, Waterloo Court, Derby, City Of Derby DE1 3TJ5
£410K11/221.21 mi61, Carsington Crescent, Allestree, Derby, City Of Derby DE22 2QW5
£1.1M06/211.25 miWoodlands, 18, Park Lane, Littleover, Derby, City Of Derby DE23 6FX5
£225K03/231.3 mi48, Rosehill Street, Derby, City Of Derby DE23 8FZ5
£210K10/211.33 mi32, Auriga Court, Derby, City Of Derby DE1 3RH5
£585K05/211.47 mi5, Oak Drive, Littleover, Derby, City Of Derby DE23 6NT5
£812.5K06/231.48 mi104, Chain Lane, Littleover, Derby, City Of Derby DE23 4EB5
£330K11/211.48 mi284, Uttoxeter Road, Mickleover, Derby, City Of Derby DE3 9AE5
£725K12/221.49 mi72, Chain Lane, Littleover, Derby, City Of Derby DE23 4DZ5
£415K12/221.57 mi53, Oakover Drive, Allestree, Derby, City Of Derby DE22 2PR5
£810K06/231.58 mi44, Keats Avenue, Littleover, Derby, City Of Derby DE23 4ED5
£190K12/221.65 mi183, Nottingham Road, Derby, City Of Derby DE21 6AN5
£365K07/251.65 mi128, Stenson Road, Derby DE23 1JG5
£650K02/231.66 mi12, Muirfield Drive, Mickleover, Derby, City Of Derby DE3 9YA5
£250K03/231.72 mi128, Stenson Road, Derby, City Of Derby DE23 1JG5
£280K11/211.74 mi6, Freemantle Road, Mickleover, Derby, City Of Derby DE3 9HW5
£875K03/231.79 mi6, Friars Close, Darley Abbey, Derby, City Of Derby DE22 1FD5
£635K09/211.89 mi12, St Georges Close, Allestree, Derby, City Of Derby DE22 1JH5
£585K01/251.89 mi9, St Georges Close, Derby DE22 1JH5
£455K06/211.95 mi11, Radbourne Gate, Mickleover, Derby, City Of Derby DE3 0DW5
£520K11/241.96 mi3, Lantern Grove, Derby DE3 0GY5
£415K06/211.98 mi6, Sycamore Avenue, Allestree, Derby, City Of Derby DE22 2HZ5
£515K02/232 mi30, Spinneybrook Way, Mickleover, Derby, City Of Derby DE3 0DQ5

Local Area Statistics

Population in DE22

46,001

Population in Derby

308,324

Town centre distance

1.05 miles away

Nearest school

0.20 miles away

Nearest train station

1.44 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+30%

Sales demand

Seller's market

Capital growth (5yrs)

+24%

Property History

Price changed to £275,000

March 20, 2025

Listed for £285,000

January 22, 2025

Floor Plans

Property image

Description

  • Five spacious bedrooms (3 en suite). HMO. +
  • Modern kitchen/dining area. +
  • Shared dining room for communal living. +
  • Additional utility room for convenience. +
  • Large rear garden with an outbuilding/workshop. +
  • Cellar for extra storage. +
  • Garage with front access. +
  • Prime Derby location near amenities and transport links. +

SUMMARY
Fantastic investment opportunity! A 5-bedroomHMO on Etwall Street, Derby, with 3 en suites bedrooms, a shared bathroom, and communal spaces. Includes a cellar, garage, large garden, and workshop. Prime location for tenants. Don't miss out-perfect for investors!

DESCRIPTION
Attention Investors! This well-presented 5-bedroom mid-terrace HMO on Etwall Street, Derby, offers a superb opportunity for high rental yields. Designed with tenants in mind, the property provides spacious communal areas and three private en suite bedrooms, making it an attractive option for renters.

Entering through the porch, you are welcomed into a hallway leading to a bedroom positioned at the front of the property. Further down the hall is a separate dining room, ideal for shared meals or socializing. To the rear, you'll find a modern kitchen/dining area and a utility room, offering ample storage and convenience. From the hallway, you can also access the cellar, providing additional storage options.

The first floor houses three further bedrooms, the first at the front, complete with an en suite, the second with an en suite, is located to the rear. The third is to the rear, you also have access to a shared bathroom on this floor. The second floor features the final bedroom with its own en suite, offering privacy and comfort.

The property benefits from a garage accessible from the front and back, a large rear garden, complete with an outbuilding/workshop, ideal for extra storage or conversion potential (stpp)

Located in Derby, this property is perfectly situated near local amenities, transport links, and schools, ensuring consistent tenant demand.

Don't miss out on this fantastic HMO investment in a sought-after area. Schedule a viewing today!

Cellar 12' 3" MAX x 12' MAX ( 3.73m MAX x 3.66m MAX )

Bedroom (Ground Floor) 12' 2" MAX x 12' 1" MAX ( 3.71m MAX x 3.68m MAX )

Dining Room 12' 9" MAX x 10' 8" MAX ( 3.89m MAX x 3.25m MAX )

Kitchen/ Dining Room 18' 3" MAX x 10' 5" MAX ( 5.56m MAX x 3.17m MAX )

Utility Room 18' 3" MAX x 4' 4" MAX ( 5.56m MAX x 1.32m MAX )

Bedroom (First Floor) 16' 8" MAX x 12' 2" MAX ( 5.08m MAX x 3.71m MAX )

Bedroom (First Floor) 10' 5" MAX x 8' 9" MAX ( 3.17m MAX x 2.67m MAX )

Bedroom (first Floor) 10' 8" MAX x 9' 8" MAX ( 3.25m MAX x 2.95m MAX )

Bathroom 11' 8" MAX x 10' 8" MAX ( 3.56m MAX x 3.25m MAX )

Bedroom (Second Floor) 20' 2" MAX x 14' 2" MAX ( 6.15m MAX x 4.32m MAX )

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. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.

Agent Details

Bagshaws Residential, Derby

01332 215045

Next Steps?

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