Terraced house for sale

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Terraced house for sale

294 Uttoxeter New Road, Derby DE22 3LN
£225,000

Our Summary

  • For sale on 27 March 2025 Our national property auction will be broadcast online with live auctioneers
  • To bid by proxy, online, or by phone, please submit your registration form no later than 5pm the day before the auction
  • The auction will commence at 09:00
  • ***High yielding freehold residential investment opportunity*** Occupying a strong letting location close to the Royal Derby Hospital, is an imposing three storey, fully licenced, high yielding HMO property, situated close to the Derby University Campus, the city centre, and the A38
  • Terms: Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type
  • Auction Deposit and Fees: The following deposits and non- refundable auctioneers fee apply: • 10% deposit (subject to a minimum of £5,000) • Buyers Fee of 1
  • Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page
  • This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties)

Description

A high-yielding freehold residential investment opportunity is available for sale, located close to the Royal Derby Hospital and Derby University Campus. The property is a three-storey, fully licensed HMO with five self-contained units, currently producing a combined gross rent of £26,940 per annum. If fully let, the property would generate a gross combined rental income of £32,640 per annum, representing an impressive 14.5% return based on the guide price. The property has a mix of studio and one-bedroom apartments, with communal areas and a rear yard. The auction will be broadcast online with live auctioneers, and interested bidders can register to participate by proxy, online, or by phone.
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