6 bedroom house of multiple occupation for sale

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6 bedroom house of multiple occupation for sale

Leacroft Road, Derby, Derbyshire
£430,000

Our Summary

  • Attractive High-Yield HMO Investment Opportunity Property Address: 48 Leacroft Road, Derby, DE23 8HT Property Type: 6-Unit HMO comprising of 5 Studios and 1 Ensuite Room (Licensed for 7 People - 1 Room is Double Occupancy) Management: Professionally Managed by Number 1 Rooms Prime Investment Location in Derby's Thriving Residential Area Located in the popular DE23 residential area of Derby, this high-yield HMO property offers an excellent investment opportunity
  • Conclusion The property at 48 Leacroft Road, Derby, offers a solid investment opportunity with attractive rental yields and minimal operating expenses

Description

This attractive high-yield HMO investment opportunity is located in Derby's thriving residential area, offering an excellent investment prospect. The property, comprising 6 units, is professionally managed by Number 1 Rooms and is licensed for 7 people, with one room being double occupancy. With a prime location near Derby's city center, major employers, and local amenities, the property benefits from a steady flow of tenants, particularly professionals working in the engineering and aerospace sectors. The city's economy is driven by major employers like Rolls-Royce, Toyota, and Bombardier, creating strong rental demand. The property also has excellent transport links, making it an attractive location for professionals and commuters. With ongoing regeneration projects, Derby's appeal is set to increase, contributing to rising property values and higher rental demand. The property offers a gross yield of 11.23% and a net yield of 8.77%, with relatively low operating costs, making it a solid investment opportunity for those looking for stable returns in the East Midlands.
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