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6 bedroom house of multiple occupation for sale
Radbourne Street, Derby, Derbyshire
£400,000
Radbourne Street, Derby, Derbyshire
£400,000
Our Summary
- Attractive High-Yield HMO Investment Opportunity Property Address: 42 Radbourne Street, Derby, DE22 3HB Property Type: 6-Unit HMO comprising of 2 Studios and 4 Ensuite Rooms Management: Professionally Managed by Number 1 Rooms Prime Location in Derby's Thriving Property Market Derby, a key city in the East Midlands, presents an appealing investment landscape, particularly for HMO properties
- Conclusion The property at 42 Radbourne Street, Derby, represents a solid investment opportunity in one of the East Midlands' key cities
Description
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Here is a summary of the property description in a single paragraph:
This 6-unit HMO in Derby, comprising of 2 studios and 4 ensuite rooms, is an attractive investment opportunity with a prime location in the popular DE22 area. The property benefits from excellent transport links, proximity to major employers, and a strong demand for rental accommodation from professionals and students. With a gross yield of 11.17% and a net yield of 8.77%, the property offers a high return on investment. The property is professionally managed by Number 1 Rooms, ensuring smooth day-to-day operations and minimizing the involvement required from investors. Additionally, the ongoing city regeneration projects in Derby are set to increase property values and rental demand, providing excellent capital growth opportunities.