Auction Property 4 Bed House Of Multiple Occupancy 

Burton Road, Derby

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Features

  • Auction date: 24th & 25th July 2019
  • Four bedroom Licenced HMO plus one bedroom basement flat
  • Rental income of HMO when fully let £1,450 pcm (£17,400) inclusive of bills
  • One bedroom flat currently let at £360 pcm (£4,320 pa) exclusive of bills
  • Potential Gross Yield 13.16%
  • Outside space to the rear
  • Good condition
  • Freehold

Quick Details

4 Bedrooms1 Reception1 Bathroom

Address

212 Burton RoadDerbyDerbyshireDE23 6AA
Details
EPC
Map
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Property Details

•For Sale by Online Auction – 24th & 25th July 2019
•Guide Price: £165,000+
•Part income producing
•Freehold residential investment opportunity – potential gross yield 13.16%
•Four bed licenced HMO and one bed basement flat
•Development potential (STP) – conversion to self-contained flats

•For Sale by Online Auction – 24th & 25th July 2019
•Guide Price: £165,000+
•Part income producing
•Freehold residential investment opportunity – potential gross yield 13.16%
•Four bed licenced HMO and one bed basement flat
•Development potential (STP) – conversion to self-contained flats

The property is located on the popular Burton Road, in the city of Derby, just 10 minutes’ walk from the city centre. Derby hospital is a similar distance from the property, making the area particularly attractive to professionals.

Internally, the house is made up of 4 bedrooms with a communal lounge, kitchen and bathroom. The one bedroom basement flat is fully self-contained, allowing for all utilities and council tax to be paid by the tenant.

To the rear there is a small garden area.

Accommodation

House: 142 sq m (1,528sq ft)
Flat: 38 sq m (409 sq ft)
Total 180 sq m (1,937 sq ft)

(Measurements taken from EPC)

Services

We understand the property to have mains gas, electricity, water and drainage. Prospective purchasers are advised to make their own investigations.

Tenure

Freehold

Investment Analysis

The HMO has previously generated an income of £1,450 pcm (£17,400 pa), before utility bills and council tax. The self-contained flat is currently let at £360 pcm (£4,320 pa).

Once fully let, the property has the potential to generate a total income of £21,720 pa, representing a gross yield of 13.16% based on the guide price.

Council Tax

The house is rated in Council Tax Band C. Council Tax payable (2019/2020) is approximately £1,520.

The flat is rated in Council Tax Band A. Council Tax payable (2019/2020) is approximately £1,140.

Guide Price

£165,000+

Buyers Premium

2% (min. £3,600) inc. VAT

Viewings

Viewings by appointment only. Please contact a member of John Pye Property on 0115 970 6060 or email property@johnpye.co.uk to arrange an appointment.

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