Standout Features
- Five bedroom HMO
- Four rooms currently tenanted
- Generating approximately £28,500 per annum
- No onward chain
- All rooms with an en-suite facility
- Council tax band A
- Close to local bus routes
- Freehold
- Ideal investment opportunity
- Accessible for Derby city centre
Property Description
THE PROPERTY 13' 1" x 12' 1" (3.99m x 3.68m) Offered for sale with sitting tenants is this 5 bedroom HMO generating £28,500 per annum when fully occupied. The property is conveniently located on the ever popular London Road and is ideally situated for commuting tenants. The property comprises of 5 rooms, all with ensuite facility, a communal kitchen and laundry area. To the rear are three parking spaces used on a first come first serve basis. Subject to relevant permissions and regulations, there is potential to add a further room in the roof space or potential to convert one of the rooms to an apartment.
Please note - one room is currently vacant but advertised for occupancy.
Rents:
Room 1: 3.61 x 3.94 - £500.00 pcm
Room 2: 3.07 x 2.64 - £450.00 pcm
Room 3: 3.66 x 3.4 - £500.00 pcm
Room 4:3.99 x 3.68 -£500.00 pcm
Room 5: - £425.00 pcm
Operational costs:
Building insurance - £38.50
TV Licence - £13.25
Council tax - £140.00
Severn Trent - £62.41
OVO - £310.00
Virgin - £66.25
Window clean - £15.00
Please note - one room is currently vacant but advertised for occupancy.
Rents:
Room 1: 3.61 x 3.94 - £500.00 pcm
Room 2: 3.07 x 2.64 - £450.00 pcm
Room 3: 3.66 x 3.4 - £500.00 pcm
Room 4:3.99 x 3.68 -£500.00 pcm
Room 5: - £425.00 pcm
Operational costs:
Building insurance - £38.50
TV Licence - £13.25
Council tax - £140.00
Severn Trent - £62.41
OVO - £310.00
Virgin - £66.25
Window clean - £15.00
Additional Information
Tenure:
Freehold
Council Tax Band:
A
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Alvaston, Derby, Derbyshire
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