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5 bed property, in Merchant Street, £265,000
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5 bed terraced house

Merchant Street, Derby DE22
£265,000

Our Summary

  • Approximately £2,100pcm Gross Income with scope to improve
  • 5%, making this a strong and well-located HMO investment opportunity with scope for immediate income growth

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Description

The property is a mid-terrace HMO with five individual lets, arranged over two storeys. The ground floor comprises a living room, kitchen, utility room, two shower rooms, and a double bedroom. The first floor offers four further double bedrooms and a third shower room.

The property benefits from a generous lawned rear garden with patio area, providing communal outdoor space. The interior room dimensions are as follows: Lounge - 15'7" x 15'6", Bedroom 5 - 16'8" x 8'3", Bedroom 1 - 13' x 15'5", Bedroom 2 - 14'8" x 6'5", Bedroom 3 - 15'1" x 8'4", Bedroom 4 - 12'2" x 9'7", and Shower Rooms - multiple rooms, each approximately 6-7 feet square.