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6 bed property
Leacroft Road, Derby, Derbyshire DE23
£375,000
Leacroft Road, Derby, Derbyshire DE23
£375,000
Our Summary
- Attractive HMO Investment Opportunity
- Derby’s central location and strong transport links further elevate its investment potential
Description
This attractive HMO investment opportunity is a 6-bedroom, all-ensuite property located in Derby, a well-established city in the East Midlands with a resilient and diverse economy. The property is fully tenanted by working professionals and offers a prime location with easy access to transport links, local amenities, and employment hubs. The demand for shared accommodation in Derby is strong and sustained, driven by affordable housing, reliable employment opportunities, and a steady flow of university students and key workers. The property offers a consistent income stream, with a monthly income of £4,050 and a net annual return of £35,216.88, backed by low running costs and efficient management. With a gross yield of 12.96% and a net yield of 9.39%, this property represents a turnkey investment opportunity that is well-positioned to perform in both current and future market conditions.