£300,000 /Sale price

FOR SALE BY ONLINE AUCTION - A tenanted 6 bedroom mid terrace HMO let to professional tenants producing £48,600 per annum Description Mid-terrace house 6 bedroom HMO comprising of 5 studio ensuite and 1 ensuite room, plus 1 external WC Licensed for 7 People - 1 bedroom is double occupancy Tenanted with rental income of £4,050 per month / £48,600 per annum Benefits from a rear garden Representing a 16.2% yield on guide Location Located on Leacroft Road in the popular DE23 residential area of Derby. Benefits from its proximity to Derby's city centre, major employers, and local amenities, ensuring a steady flow of tenants, particularly professionals working in Derby's booming engineering and aerospace sectors. Ideally situated with access to major transport links, making it an attractive location for professionals and commuters. The nearby A38, A50, and M1 motorways provide easy connections to major cities like Nottingham, Birmingham, and Leicester, while Derby railway station offers regular services to London and other major UK cities. Planning Planning granted through Derby City Council, Ref: 21/02111/FUL (24-01-2022) Change of use from a six bedroom (six occupant) house in multiple occupation (Use Class C4) to a six bedroom (seven occupant) house in multiple occupation (Sui Generis) HMO Compliance HMO Compliance Documents: - Planning approval - Building Control Approval - HMO Licence - EPC - EICR - Gas safety certificate - Emergency lighting test certificate - Fire alarm test certificate - PAT Test Certificate Additional information can be found in the legal pack