10 Bed HMO, Derby, DE1 2HJ, £525,000

Swinburne Street, Derby, Derbyshire, DE1 2HJ - 1 views - 14 days ago

HMO
ROI: 4%
~310 m²
+22 photos

ValuationOvervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£131,250

Stamp Duty & Legal Fees

£43,700

Total Cash In

£174,950

 

 

Cash Out

 

Room Rate

£411

Gross Rent

£4,110

Running Costs/mo

£3,579

Cashflow/mo

£531

Cashflow/yr

£6,372

ROI

4%

Gross Yield

9%













Property History

Listed for £525,000

April 2, 2025

Floor Plans

Description

  • Licensed nine bedroom HMO +
  • Outbuilding with potential for development +
  • Spacious detached property +
  • City centre location +
  • Ground and first floor kitchen diners +
  • Two bathrooms and shower room +
  • Off Street parking +
  • Communal room and conservatory +
  • Estabished investment opportunity +

Established and licensed nine room HMO in the city centre generating an annual gross income of £49,320 which comes with the additional bonus of further potential development of a large existing outbuilding which is currently a garage, meeting hall and store room but could potentially become an additional rooms or flats (subject to planning). This substantial and impressive double fronted detached house currently offers ten bedrooms, ground floor kitchen diner, first floor kitchen diner, basement reception room, conservatory, bathroom, shower room, ground floor cloakroom/utility, en-suite to one bedroom, driveway and garage. The outbuilding located at the rear has a meeting hall and garage. The property benefits from gas central heating, double glazing and offers over 2900 square feet of accommodation over three floors. To the ground floor there is a wide welcoming hallway, three bedrooms, cloakroom/utility, large kitchen diner and conservatory. To the first floor there is a further four bedrooms, additional kitchen diner, bathroom with a four piece suite and a shower room. To the second floor there is three bedrooms and there is an en-suite to one of the bedrooms. Located in the basement is a cellar storage room and a communal room. To the rear there is the large brick built outbuilding which could be used for a variety of uses. To the front there is a garden and a driveway leading to double gates. The driveway continues beyond the double gates to the outbuilding. To the rear there is an enclosed garden. Viewing is essential.

Agent Details

Frank Innes, Derby

01332 215488

Next Steps?

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