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House For Sale £300,000
Cheviot Street, Derby DE22


Description
Yieldit are proud to bring to the market this immaculately presented and fully licensed HMO. The property if offered fully furnished and has been finished to an impeccable standard throughout, it has six good sized bedrooms which are carpeted with double beds, one en-suite shower room and two communal bathrooms. The kitchen has been completed to an excellent standard is fully-fitted with integrated appliances and a breakfast bar. The external areas of the semi-detached property include a front garden, rear yard and a driveway providing ample off-road parking.

The property is in an ideal location, being within easy reach of Derby City centre and all the necessary local amenities. It makes the ideal let for working professionals being just a 10-20 minute walk to the town centre and a short drive to Derby Hospital and Derby University. Derby has excellent transport links by road and it is well served by rail having direct services to Nottingham, Leicester, Sheffield, Leeds, Birmingham and London making it an ideal location for renters and commuters alike.

The construction of the HS2 route in Derbyshire will strengthen the North’s links with the South and experts anticipate that it’s construction will create thousands of jobs, provide a boost to the economy, create local opportunities as well as of course, improving journey times.

The area of DE22 is increasingly popular, it recorded 627 transactions over the last 12 months which is 262.1% higher than the national average and it’s 2 year price growth is 1.6 times the national average (Mouseprice). In addition to this, house prices in the area have increased by 10% since 2019, meaning now is the perfect time invest. Don't miss out and enquire today to discuss with our property consultants.

Financial Breakdown

Gross rent: £22,200
Net income: £22,200
Gross yield: 7.4%
Net yield: 7.4%

Important Note To Purchasers

*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-05942

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