5 Bed HMO, Derby, DE24 8WJ, £260,000

5 Dickinson Street, Alvaston, Derby - 2 views - a month ago

Under Offer
HMO
ROI: 9%
94 m²
+1 photos

ValuationOvervalued

Sold Prices£150K - £460K
Sold Prices/m²£1.1K/m² - £3.7K/m²

 

 

Square Metres

94 m²
Price/m²£2.8K/m²

Value Estimate

£173,158

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£65,000

Stamp Duty & Legal Fees

£14,700

Total Cash In

£79,700

 

 

Cash Out

 

Room Rate

£500

Gross Rent

£2,500

Running Costs/mo

£1,889

Cashflow/mo

£611

Cashflow/yr

£7,335

ROI

9%

Gross Yield

12%

Local Sold Prices

21 sold prices from £150K to £460K, average is £225K. £1.1K/m² to £3.7K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£329K06/230.41 mi35, Persian Close, Derby, City Of Derby DE24 1AS5
£151K08/210.61 mi954, London Road, Alvaston, Derby, City Of Derby DE24 8PY5
£225K03/230.88 mi48, Rosehill Street, Derby, City Of Derby DE23 8FZ5
£216.5K06/210.94 mi140, Osmaston Road, Derby, City Of Derby DE1 2RF5
£150K11/210.96 mi104, Crewton Way, Alvaston, Derby, Derbyshire DE24 8XE5
£310K12/201.16 mi17, Wilmot Avenue, Chaddesden, Derby, City Of Derby DE21 6PL5
£205K03/211.18 mi206, St Thomas Road, Derby, City Of Derby DE23 8SY5
£216K03/211.25 mi3, Lime Avenue, Derby, City Of Derby DE1 1TU5
£190K12/221.25 mi183, Nottingham Road, Derby, City Of Derby DE21 6AN5
£460K12/221.38 mi159, Burton Road, Derby, City Of Derby DE23 6AB5
£295K03/211.43 mi38, Stonehill Road, Derby, City Of Derby DE23 6TJ5
£225K11/201.44 mi56, Alvaston Street, Alvaston, Derby, City Of Derby DE24 0PA5
£210K05/221.7 mi3, Waterloo Court, Derby, City Of Derby DE1 3TJ5
£277.5K08/231.72 mi1, Haywood Close, Alvaston, Derby, City Of Derby DE24 0TB5
£250K03/231.79 mi128, Stenson Road, Derby, City Of Derby DE23 1JG5
£245K01/231.89 mi94, Max Road, Chaddesden, Derby, City Of Derby DE21 4HA5
£210K10/211.9 mi32, Auriga Court, Derby, City Of Derby DE1 3RH5
£210K10/211.92 mi32, Auriga Court, Derby, City Of Derby DE1 3RH5
£335K02/211.96 mi75, Otter Street, Derby, City Of Derby DE1 3FD5
£242K11/201.98 mi144, Littleover Lane, Derby, City Of Derby DE23 6JL5
£277.5K04/231.98 mi67, Wilson Road, Chaddesden, Derby, City Of Derby DE21 4JA5

Local Area Statistics

Population in DE24

54,396

Population in Derby

308,324

Town centre distance

1.02 miles away

Nearest school

0.20 miles away

Nearest train station

0.72 miles away

 

 

Rental demand

Landlord's market

Sales demand

Seller's market

Capital growth (5yrs)

+39%

Property History

Listed for £260,000

March 20, 2025

Floor Plans

Description

  • Fully tenanted professional house share +
  • Five bedrooms, all with ensuite +
  • Generating £30,000 per annum +
  • Ideally suiting the investor +
  • Great addition to a landlords portfolio +
  • Council tax band A +
  • EPC band C +
  • Freehold +
  • Currently managed by Martin and Co +
  • Converted to a HMO circa 2018 +

THE PROPERTY Fully tenanted five bedroom HMO generating an annual income of £30,000.

The property was converted to a high standard in 2018, each room benefitting from ensuite facility.

We have been advised that the bills are as follows -

Gas, electric and water - £3600 annually on average
Council tax - £156 per calendar month

Situated close to London Road the property benefits from good transport links to Derby City Centre and East Midlands Airport. Close to local shops, pubs, takeaways and Pride Park this is an ideal spot for working professional tenants. Each room is currently let for £500 and rent includes utilities.

ROOM 1
11' 3" x 8' 10" (3.43m x 2.70m)
ROOM 2
10' 7" x 9' 10" (3.25m x 3.02m)
ROOM 3
10' 11" x 9' 11" (3.35m x 3.04m)
ROOM 4
11' 8" x 9' 0" (3.56m x 2.75m)
ROOM 5
14' 4" x 10' 7" (4.37m x 3.24m)
ENSUITE 1
7' 8" x 2' 8" (2.36m x 0.82m)
ENSUITE 2
7' 1" x 2' 9" (2.18m x 0.84m)
ENSUITE 3
4' 9" x 2' 9" (1.47m x 0.85m)
ENSUITE 4
5' 2" x 4' 7" (1.60m x 1.41m)
ENSUITE 5
6' 6" x 6' 3" (1.99m x 1.92m)
KITCHEN
12' 2" x 11' 7" (3.71m x 3.55m)

Agent Details

Martin & Co, Derby

01332 215579

Next Steps?

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