Fletcher and Company (Smartmove Derbyshire Ltd T/A)
15 Melbourne Court,
Millennium Way,
Pride Park
Derby
DE24 8LZ
Uttoxeter Old Road, Derby
Offers In Excess Of £379,999
7 Bedroom House - Detached
- Superb Investment Opportunity
- Seven Bedrooms all with En-Suite Shower Rooms
- Communal Kitchen & Conservatory/Lounge Area
- Enclosed Rear Garden
- Off-Road Parking Available
- Highly Convenient Position
- Gross Income of £42120 representing 10.5% Gross Yield
- Fully Managed by Local Agent
- Ideal for a Range of Potential Tenants
- Rarity on the Market
This is a superb investment opportunity to acquire a seven bedroom, detached, fully en-suite house of multiple occupancy (HMO) located in a highly convenient part of Derby.
The property is very well presented and provides an excellent income stream of £42120/annum. This represents a gross yield of approximately 10.5%. Please note we believe there is potential to increase rents and thus the gross yield.
The property comprises a communal entrance hall, shared kitchen, lounge area/conservatory, three bedrooms to the ground floor, all with en-suite shower rooms and four bedrooms to the first floor all with en-suite shower rooms.
To the front of the property is a driveway providing off-road parking for at least three vehicles. To the rear is an enclosed, low maintenance garden offering a fantastic outside space.
The Location
The property’s location on Uttoxeter Old Road offers easy access into Derby City centre which offers a complete range of services including a bus and train station and large shopping centre with food quarter and cinema. Convenient access is also provided to Royal Derby Hospital and Derby University’s various campuses throughout the city. Darley Park and Markeaton Park are also within easy reach. Nearby transport links include the A38, A52 and M1 motorway as well as East Midlands Airport.
Accommodation
Kitchen
Lounge/Conservatory
Typical Bedroom
Council Tax Band B
Energy Efficiency and Environmental Impact
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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