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6 bed semi-detached house
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Our Summary
- Key FeaturesSix‐bedroom licensed HMOFully let – £34,400 annual incomeAll rooms let on periodic tenanciesStrong rental location with consistent demandFreehold investmentBills included within rentsHigh‐yield, income‐producing assetSold as a going concern with tenants in situRental IncomeMonthly Income: £2,870Annual Income: £34,400Room Rates:Room 1: £550Room 2: £550Room 3: £525Room 4: £450Room 5: £395Room 6: £400 (increasing to £550 after 6 months)Tenancy InformationAll rooms let on periodic tenanciesRent includes all billsStrong occupancy historyInvestment HighlightsProven, stable income streamLocated in a popular rental area close to amenities and transport linksExisting HMO licence ensures compliancePotential to increase rents furtherDerby continues to show strong capital growth potentialPriceOffers in excess of £300,000FreeholdSold subject to existing tenanciesArrange a ViewingFor further details or to arrange a viewing, contact Property Options Estate Agents
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Description
The property is a spacious six-bedroom HMO with laminate flooring, a fitted kitchen, and gas central heating. It has a large en-suite and six double rooms, each providing ample accommodation for tenants. The property benefits from a central location on a popular street, ensuring a steady demand for tenants.
It also has an HMO license in place, and the current tenancies are let on an AST basis of 6-12 months, with rent inclusive of all bills. The property currently generates £34,400 per annum from six tenants, each paying a specific room rate.