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AGENT'S DETAILS


Quality HMO in Derby

For sale: £330,000.00|House, Residential

PROPERTY DETAILS

FOR SALE£330,000.00
ADDRESS97 St. Chads Road, Derby, Derbyshire, DE23 6RP
TYPEHouse, Residential
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON2nd February 2021

DESCRIPTION

The Property Advantage are pleased to present this fantastic 5 bed HMO all en suite plus self contained studio on the top floor. Located in New Normanton, Derby the property is a stone throw away from the city centre and Derby city Hospital. Major business nearby include Rolls Royce, Amazon, Nestle, M&S just to name a few. In addition the university isn't far away and the property has a couple of student tenants. The property was bought back in late 2019 by the current owners and was stripped back to brick so no stone was left unturned. The property completed its conversion in April 2020 and has been tenanted since. List of a few items on specification;

• Solid oak FD30 fire doors

• Full rewire

• Re plumbed

• Water falls showers in ensuites

• wireless thermostatic controller for each bedroom

• LED spotlights throughout

• Grade A fire alarm system zoned from basement to 2nd floor

• x2 150lite unvented cylinder backed up with an electric immersion heater if gas fails the tenants will have hot water.

• quality hard wearing carpets throughout

• Good standard kitchen howdens kitchen and kitchen installed

The HMO is currently achieving £37,500 Per Annum and a 11.36% Gross Yield.

Fantastic management team in place including maintenance and cleaning.

Income;

Room 1 £475.00 / Room 2 £525.00 / Room 3 £500.00

Room 4 £500.00 / Room 5 £475.00 / Studio £650.00 = £3,125.00PCM / £37,500 PA

Expenditure;

Council Tax £99.00 / Gas £75.00 / Electric £75.00 / Water £35.00 / Broadband £38.40

Cleaner £20.00 / Management £312.50 = £654.90 PCM / £7,858.80 PA

Income
Income;

Room 1 £475.00 / Room 2 £525.00 / Room 3 £500.00

Room 4 £500.00 / Room 5 £475.00 / Studio £650.00 = £3,125.00PCM / £37,500 PA

Expenditure;

Council Tax £99.00 / Gas £75.00 / Electric £75.00 / Water £35.00 / Broadband £38.40

Cleaner £20.00 / Management £312.50 = £654.90 PCM / £7,858.80 PA

Features
5 Bed all En Suite HMO & Studio Apartment

Refurbished April 2020

Fully Tenanted

Great Location And Transport Links

Income £37,500 PA

11.36% Gross Yield

2% + Vat Buyers Fee

LOCATION

Location: 97 St. Chads Road, Derby, Derbyshire, DE23 6RP

Derby (1.1 miles)

Peartree (1.2 miles)

Spondon (3.3 miles)

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