SFT Property

Uttoxeter Old Road, Derby, Derbyshire

7 7

£350,000 Offers in excess of House of multiple occupation for sale
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Description

SFT Property are delighted to bring this 7 bed detached HMO to the market. Recently refurbished to a high standard and a stones throw from Derby city centre. Currently offering a gross income of £40,380 PA & a gross yield 11.53%.

The property is a detached double fronted house with off road parking to the front. Upon entering the property there is a light and airy hallway leading to three en suite double rooms, a large kitchen and a insulated conservatory offering great space for shared living.

To the first floor of the property there are a a further four en suite rooms. At the rear there is a large landscaped garden.

This in a excellent investment opportunity that is currently fully managed by a local reputable agent meaning it can be offered as completely hands off.

Located only a stones throw from Derby City centre so is in an excellent position for all local amenities. Benefitting from being walking distance from the city centre, Royal Derby hospital and multiple university campus'.

There is also scope to increase rents on the property to £3,925 PCM / £47,100 PA - Pushing it to a fantastic 13.45%.

To arrange a viewing or for further information - Get in touch with the team today!

Gross Yield: 11.53%

Reference: SQN-14443081

Additional Details

  • Bedrooms: 7 Bedrooms
  • Bathrooms: 7 Bathrooms
  • Buyer Fee: 1.00%
  • Tenure: Freehold
  • Rights and Easements: Ask Agent
  • Risks: Ask Agent

Additional Features

  • Shared Accommodation
  • Investment Opportunity

Broadband Speeds

  • Download: 9mbps - 5500mbps
  • Upload: 0.9mbps - 5500mbps

Estimated broadband speeds provided by Ofcom for this property's postcode.

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Features

  • 7 Bed All En Suite HMO
  • Excellent Location for Students and Working Professionals
  • Fully Compliant & Licensed
  • Fully Tenanted
  • Walking Distance To Town Centre
  • Well Managed By a Local Reputable Agent
  • Gross Income - £40,380
  • Gross Yield - 11.53%

Enquiry

To make an enquiry for this property, please call us on 01743 623418, or complete the form below.