7 bedroom house of multiple occupation for sale

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7 bedroom house of multiple occupation for sale

Uttoxeter Old Road, Derby, Derbyshire
£400,000

Our Summary

  • 53% with scope to increase to £47,100 PA /11
  • 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
  • There is also scope to increase rents on the property to £3,925 PCM / £47,100 - Pushing it to a fantastic 11

Description

This 7-bedroom detached HMO property has been recently refurbished to a high standard and is located just a stone's throw from Derby city centre. The property offers a gross income of £42,120 per annum and a gross yield of 10.53%, with potential to increase to £47,100 per annum and a yield of 11.77%. The property features a light and airy hallway, three en-suite double rooms, a large kitchen, and an insulated conservatory. There are also four additional en-suite rooms on the first floor, as well as a large landscaped garden at the rear. The property is fully managed by a local agent, making it a hands-off investment opportunity. Its prime location near the city centre, Royal Derby hospital, and multiple university campuses makes it an excellent investment opportunity.