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59 Hoult Street, Derby, Derbyshire, DE22 3NQ

For sale: £310,000.00|House, Mixed Use, Other, Residential, Other Property Types & Opportunities

Property details

FOR SALE£310,000.00
ADDRESS59 Hoult Street, Derby, Derbyshire, DE22 3NQ
TYPEHouse, Mixed Use, Other, Residential, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON16th July 2021

Description

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.

Income;

*This HMO has an agreed company lease until 29/05/2022 at £2600 per calendar month and a Gross Income of £31,200 PA.

Expenditure;

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

Location

marker
Location: 59 Hoult Street, Derby, Derbyshire, DE22 3NQ

Derby (1.4 miles)

Peartree (1.9 miles)

Spondon (3.7 miles)

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