The Property Advantage is pleased to present this newly refurbished HMO in Derby. The property comprises a large kitchen, 6 bedrooms and 3 bathrooms (1 en-suite). There is a large rear garden and parking to the front of the property, enough for two vehicle's. This HMO has an agreed company lease, so the rental income is guaranteed until 29/05/2022. The property Gross Income is £31,200 per annum and the Gross Yield is 10.06%.
Situated on Hoult street the property is close by to Derby City centre , within 0.8 miles (16 minute walk). Derby is the centre for advanced transport manufacturing, being home to the world's second largest aero-engine manufacture, Rolls-Royce. Also, bombardier Transportation has a production facility at the Derby Litchurch Lane Works while Toyota Manufacturing UK's automobile headquarters is also located in Derby.
Additionally, the property is ideally situated to local amenities, there is a convenience store, 1 minute walk away. Just beyond a Premier supermarket (0.3 miles away). Local transport links are easily accessible with numerous bus stops nearby 0.1 miles away (2 minute walk) with multiple bus routes into the city centre.
*This HMO has an agreed company lease until 29/05/2022 at £2600 per calendar month and a Gross Income of £31,200 PA.
Gas/ Electric - £220 / Water - £43 / Council Tax - £121 /
TV License - £16 / Broadband - £53
Total; £453 PCM / £5,436 PA
Gross Yield: 10.06%
Buyer Fee: 2.00% + VAT