5 bed Flat For Sale £290,000
Yieldit are pleased to bring to the market this fantastic example of a licensed HMO which is currently let generating an impressive net income of £21,957 per annum. The end terraced, freehold property is newly refurbished and impeccably decorated throughout, and compromises of five good sized bedrooms, three bathrooms, a modern fully-fitted kitchen complete with appliances and a reception room. The external areas of the property include a rear yard to the rear and a driveway to the front which provides ample off road parking.
The property is in an enviable 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: £27,480
Net income: £22,812
Gross yield: 9.48%
Net yield: 7.87%
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-06908
The property is in an enviable 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: £27,480
Net income: £22,812
Gross yield: 9.48%
Net yield: 7.87%
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-06908
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