£350,000PCM
Breedon Hill Road, Derby, DE23
Description
£350,000PCM Breedon Hill Road, Derby, DE23
Six-Bedroom HMO Investment Opportunity in Derby
Prime Location and Steady Income Stream
This six-bedroom HMO (House of Multiple Occupancy) on Breedon Hill Road, Derby, offers an excellent investment opportunity with a proven track record of rental income.
Key Features:
- Strong Rental Income: Currently tenanted, generating £34,400 per annum.
- Large Double Rooms: Six spacious double rooms provide ample accommodation for tenants.
- Prime Location: Situated on a popular street for landlords, ensuring a steady demand for tenants.
- HMO License: The property already has an HMO license in place.
Rental Details:
- Current Rental Income: £2870 per month (£34,400 per year)
- Room Rates:
- Room 1: £550
- Room 2: £550
- Room 3: £525
- Room 4: £450
- Room 5: £395
- Room 6: £400 (increasing to £550 after 6 months)
- Tenancies: All rooms are let on an AST (Assured Shorthold Tenancy) basis of 6-12 months.
- Inclusive of Bills: Rent includes all bills for convenience.
Investment Highlights:
- Steady Income: The property offers a reliable income stream due to its prime location and strong demand for rental accommodation.
- HMO License: The existing HMO license simplifies management and ensures compliance with regulations.
- Potential for Value Appreciation: Properties in Derby have shown growth potential, making this investment attractive for long-term returns.
Price:
Offers in excess of £350,000 are invited. The property is sold freehold subject to the existing tenancies.
Don't miss out on this fantastic investment opportunity! Contact Property Options Estate Agents to schedule a viewing and learn more.
Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
****ATTENTION LANDLORDS!!! *** 8% FULLY MANAGED****
Property Options Estate Agents also offer a professional Property MANAGEMENT service. If you are thinking of letting or just simply need some advice or help with your buy to let property please call the Lettings Team or just drop us an email we can call you back.
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Features
EPC
Map
Street View
Under the Property Misdescription Act 1991 we endeavour to make our sales details accurate and reliable but they should not be relied upon as statements or representations of fact and they do not constitute any part of an offer of contract. The seller does not make any representations to give any warranty in relation to the property and we have no authority to do so on behalf of the seller. Services, fittings and equipment referred to in the sales details have not been tested (unless otherwise stated) and no warranty can be given as to their condition. We strongly recommend that all the information which we provide about the property is verified by yourself or your advisers. Under the Estate Agency Act 1991 you will be required to give us financial information in order to verify you financial position before we can recommend any offer to the vendor.