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19 bedroom house of multiple occupation for sale
King Alfred Street, Derby, Derbyshire, DE22 3QJ
£1,650,000
King Alfred Street, Derby, Derbyshire, DE22 3QJ
£1,650,000
Our Summary
- Freehold Investment Opportunity, Fully Refurbished to a high standard, 19 Bedrooms, High-Yielding Asset
Description
This exceptional 17-bedroom luxury HMO, accompanied by a 2-bedroom coach house, is a freehold investment opportunity in a prime Derby city location, just half a mile from the city center. The property has been fully refurbished to a high standard, offering 19 self-contained units, each with private en-suite shower room, modern kitchenette, and workstation. The property benefits from a prime location, with easy access to shops, restaurants, nightlife, offices, and transport links, ensuring consistently strong tenant demand and excellent occupancy levels. With a gross annual rent of £163,000 and a net annual income of £133,600, this property offers an impressive 9.9% gross yield and 8% net initial yield, making it an attractive investment opportunity with strong potential for capital growth.