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6 bedroom house of multiple occupation for sale
Radbourne Street, Derby, Derbyshire
£395,000
Radbourne Street, Derby, Derbyshire
£395,000
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
This is an attractive high-yield HMO investment opportunity in Derby, a thriving city in the East Midlands. The property, located on Radbourne Street, consists of 6 units, including 2 studios and 4 ensuite rooms, and is professionally managed by Number 1 Rooms. The property benefits from an excellent location, close to the city centre, major employers, and the University of Derby, ensuring consistent tenant demand. The property also has exceptional transport links, with easy access to major motorways and a railway station offering fast and frequent services to London and other key cities. Derby is undergoing significant regeneration, with major projects aimed at enhancing the city's infrastructure, housing, and leisure offerings, which is expected to drive up property values and rental demand. The property generates a gross yield of 11.17% and a net yield of 8.70%, with low operating costs, making it an excellent addition to any portfolio.