London Road

Alvaston, Derby

5 Bedrooms

5 Bathrooms

End of terrace house

Price: £300,000
Price: £300,000


EPC



Property Details

Key features

  • HMO Property - Investors Only
  • To Be Sold With Tenants In Situ
  • Current Income Circa £2000 PCM
  • Five Ensuite Bedrooms
  • Communal Kitchen & Utility Room
  • Off Road Parking ( Rooms 2, 3, & 5 )
  • Close to City, Rolls Royce & Pride Park
  • Well Presented & Maintained Throughout

Tenure: Freehold

An excellent opportunity for an investors to acquire a well-established five ensuite bedroom licenced HMO in a popular and convenient location close to Derby City and Pride Park. The property is to be sold with the current tenants in situ with a monthly rental income of £2000 give a gross yield of circa 8%. The superbly maintained accommodation in brief comprises a entrance hallway, modern well equipped communal kitchen, two ground ensuite bedrooms and large utility room. To the first floor can be found three further ensuite bedrooms and boiler/storage room. There is also potential for a loft conversion to create a sixth lettable room ( subject to permission, building regs etc ). Outside can be found a low maintenance courtyard are and three off road parking spaces accessed via Commerce Street. The property is well placed for access to local amenities, Derby City, Rolls Royce, Bombardier and local road links including the A52 leading to the M1.

Accommodation
Entrance Hallway Accessed via Upvc entrance door, stairs to first floor, radiator and double glazed window. Communal Kitchen 11,11 x 12,1 Well equipped with matching wall and base units, work surfaces with inset sink and drainer, integrated over and hob with extractor over, space to two fridge/freezers, breakfast bar, radiator and double glazed window. Utility Room 9,9 x 10,7 With work surface, plumbing for washing machine, space for dryer, radiator door and double glazed window to the side. Bedroom One 11,10 x 12,11 Double glazed window and radiator door to ensuite shower room with three piece suite. Bedroom Two 8.8 x 10,1 Double glazed window, radiator and doors to ensuite bathroom. First Floor Landing A semi galleried landing with potential to create a loft conversion ( subject to permission/regs etc ) , double glazed window to the side and access to a boiler room with large capacity hot water tank. Bedroom Three 12 x 11,2 Double glazed window and radiator door to ensuite shower room with three piece suite. Bedroom Four 13,1 x 12,1 Double glazed window and radiator door to ensuite shower room with three piece suite. Bedroom Five Double glazed window and radiator door to ensuite shower room with three piece suite. Outside The property benefits from a low maintenance courtyard and off road parking for three vehicles currently allocated to rooms 2 , 3 and 5 accessed via Commerce Street.
An excellent opportunity for an investors to acquire a well-established five ensuite bedroom licenced HMO in a popular and convenient location close to Derby City and Pride Park. The property is to be sold with the current tenants in situ with a monthly rental income of £2000 give a gross yield of circa 8%. The superbly maintained accommodation in brief comprises a entrance hallway, modern well equipped communal kitchen, two ground ensuite bedrooms and large utility room. To the first floor can be found three further ensuite bedrooms and boiler/storage room. There is also potential for a loft conversion to create a sixth lettable room ( subject to permission, building regs etc ). Outside can be found a low maintenance courtyard are and three off road parking spaces accessed via Commerce Street. The property is well placed for access to local amenities, Derby City, Rolls Royce, Bombardier and local road links including the A52 leading to the M1.

Accommodation
Entrance Hallway Accessed via Upvc entrance door, stairs to first floor, radiator and double glazed window. Communal Kitchen 11,11 x 12,1 Well equipped with matching wall and base units, work surfaces with inset sink and drainer, integrated over and hob with extractor over, space to two fridge/freezers, breakfast bar, radiator and double glazed window. Utility Room 9,9 x 10,7 With work surface, plumbing for washing machine, space for dryer, radiator door and double glazed window to the side. Bedroom One...

While every reasonable effort is made to ensure the accuracy of descriptions and content, we should make you aware of the following guidance or limitations.

(1) MONEY LAUNDERING REGULATIONS Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
(2) These particulars do not constitute part or all of an offer or contract.
(3) The measurements indicated are supplied for guidance only and as such must be considered incorrect.
(4) Potential buyers are advised to recheck the measurements before committing to any expense.
(5) Burchell Edwards has not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances.
(6) Burchell Edwards has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.

MORTGAGE CALCULATOR

Our handy mortgage calculator helps you to estimate what your monthly repayments could be. * Terms and conditions apply.

Please be aware, these results are for illustrative purposes only and should not be considered as a mortgage quote. These are based on a repayment mortgage and may vary depending on the term and interest rate of your mortgage. Lender fees may also be applicable.

If you would like guidance on the right mortgage for you, we recommend booking a mortgage appointment and speaking to one of our mortgage consultants who will be more than happy to help.

** The 2.07% annual interest rate is based on the Connells Group average mortgage interest rate taken in 2021, correct at January 2022.

A BROKER FEE MAY BE PAYABLE UPON MORTGAGE APPLICATION AS WELL AS AN ADMINISTRATION FEE. THE TOTAL FEE PAYABLE WILL DEPEND ON YOUR CIRCUMSTANCES. YOUR MORTGAGE CONSULTANT WILL EXPLAIN ANY FEES APPLICABLE IN YOUR INITIAL APPOINTMENT.

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. YOU MAY HAVE TO PAY AN EARLY REPAYMENT CHARGE TO YOUR EXISTING LENDER IF YOU REMORTGAGE.

ALL MORTGAGES ARE SUBJECT TO STATUS AND LENDER CRITERIA. MOST BUY TO LET MORTGAGES ARE NOT REGULATED.

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*PLEASE BE AWARE, THESE RESULTS ARE FOR ILLUSTRATIVE PURPOSES ONLY AND SHOULD NOT BE CONSIDERED AS A MORTGAGE QUOTE. THESE ARE BASED ON A REPAYMENT MORTGAGE AND MAY VARY DEPENDING ON THE TERM AND INTEREST RATE OF YOUR MORTGAGE. LENDER FEES MAY ALSO BE APPLICABLE. IF YOU WOULD LIKE GUIDANCE ON THE RIGHT MORTGAGE FOR YOU, WE RECOMMEND SPEAKING TO ONE OF OUR MORTGAGE CONSULTANTS WHO WILL BE MORE THAN HAPPY TO HELP. **The 2.07% annual interest rate is based on the Connells Group average mortgage interest rate taken in 2021, correct at January 2022.

A BROKER FEE MAY BE PAYABLE UPON MORTGAGE APPLICATION AS WELL AS AN ADMINISTRATION FEE. THE TOTAL FEE PAYABLE WILL DEPEND ON YOUR CIRCUMSTANCES. YOUR MORTGAGE CONSULTANT WILL EXPLAIN ANY FEES APPLICABLE IN YOUR INITIAL APPOINTMENT.

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. YOU MAY HAVE TO PAY AN EARLY REPAYMENT CHARGE TO YOUR EXISTING LENDER IF YOU RE-MORTGAGE.

 
 

ALL MORTGAGES ARE SUBJECT TO STATUS AND LENDER CRITERIA. MOST BUY TO LET MORTGAGES ARE NOT REGULATED.