Potential 4-Bed HMO, Derby, DE24 8FZ, £179,950

18 Abingdon Street, Derby, DE24 8FZ - 3 views - 16 days ago

HMO
ROI: 10%
93 m²
+9 photos

ValuationOvervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£44,988

Stamp Duty & Legal Fees

£10,198

Total Cash In

£55,185

 

 

Cash Out

 

Room Rate

£464

Gross Rent

£1,856

Running Costs/mo

£1,387

Cashflow/mo

£469

Cashflow/yr

£5,629

ROI

10%

Gross Yield

12%













Property History

Listed for £179,950

March 14, 2025

Floor Plans

Description

A far larger than average, very well presented three/four bedroom mid-terrace with hallway, which offers excellent accommodation for a family or for rental investment.

Directions - Approaching the property on Osmaston Road from Derby, proceed straight through the two sets of traffic lights at the junctions with Douglass Street and Litchurch Lane, taking the third right onto Abingdon Street where the subject property will be found on the right.

The property is attractively offered for sale with no upward chain and vacant possession.

The gas centrally heated and UPVC double glazed accommodation comprises, enclosed entrance porch leading into a hallway, bay-windowed lounge/potential bedroom four, dining room leading into a large kitchen. To the first floor there are three well-proportioned double bedrooms and shower room.

Externally there is a walled forecourt with gate leading to the front door. Gated side access leads into a private garden with patio, pathway, hedge and two brick outbuildings.

Abingdon Street is accessed directly from Osmaston Road close to Ascot Drive, Florence Nightingale Community Hospital (formally DRI) and the city centre.

The property benefits from internal fire doors and the property has been previously let on an HMO basis. An ideal investment opportunity.

Accommodation -

Ground Floor -

Enclosed Porch - Main timber panelled front door with inset glazed window and window over, inset floor mat, inner door into:

Hallway - With Minton tiled floor, attractive coving, useful understairs store, radiator.

Front Room - 4.37m x 3.07m (14'4" x 10'1") - A generous bay-windowed reception room or for alternative use as a bedroom, attractive coving, ample space for furniture, UPVC double glazed windows and radiator.

Dining Room - 4.04m x 3.76m (13'3" x 12'4") - A further spacious reception room or communal room having a rear facing UPVC double glazed window, stairs to the first floor, laminate flooring, radiator.

Kitchen - 4.75m x 2.57m (15'7" x 8'5") - A generous kitchen being appointed with an excellent range of wall and base units with matching cupboard and drawer fronts, laminate work surfaces and tiled walls, stainless steel sink and drainer, electric oven and hob with extractor fan over, space for a washing machine and American style fridge, wall mounted combination boiler, vinyl flooring, UPVC double glazed windows, timber panelled back door and radiator.

First Floor -

Landing - Passaged with independent access to all first floor rooms.

Bedroom One - 4.04m x 3.63m (13'3" x 11'11") - A spacious double bedroom with a front facing UPVC double glazed window, fitted wardrobe and radiator.

Bedroom Two - 3.76m x 3.07m (12'4" x 10'1") - A second spacious double bedroom with built-in cupboard, rear facing UPVC double glazed window and radiator.

Bedroom Three - 2.72m x 2.59m + entry lobby (8'11" x 8'6" + entry - A third generous bedroom having a rear facing UPVC double glazed window, fitted wardrobe and radiator.

Shower Room - 1.91m x 1.40m (6'3" x 4'7") - Appointed with a three piece suite comprising a corner shower cubicle with electric shower and glazed screen door, wash basin and WC, vinyl flooring, UPVC double glazed window, extractor fan and radiator.

Outside - Externally there is a walled forecourt with gate leading to the front door. Gated side access leads into a private garden with patio, pathway, hedge and two brick outbuildings.

Agent Details

Boxall Brown & Jones, Derby

01332 215408

Next Steps?

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