5 Bed HMO, Derby, DE24 8PY £250,000

• Five bedroom HMO +
• Four rooms currently tenanted +
• Generating approximately £28,500 per annum +
• No onward chain +
• All rooms with an en-suite facility +
• Council tax band A +
• Close to local bus routes +
• Freehold +
• Ideal investment opportunity +
• Accessible for Derby city centre +

THE PROPERTY 13' 1" x 12' 1" (3.99m x 3.68m) Offered for sale with sitting tenants is this 5 bedroom HMO generating £28,500 per annum when fully occupied. The property is conveniently located on the ever popular London Road and is ideally situated for commuting tenants. The property comprises of 5 rooms, all with ensuite facility, a communal kitchen and laundry area. To the rear are three parking spaces used on a first come first serve basis. Subject to relevant permissions and regulations, there is potential to add a further room in the roof space or potential to convert one of the rooms to an apartment.

Please note - one room is currently vacant but advertised for occupancy.

Rents:
Room 1: 3.61 x 3.94 - £500.00 pcm
Room 2: 3.07 x 2.64 - £450.00 pcm
Room 3: 3.66 x 3.4 - £500.00 pcm
Room 4:3.99 x 3.68 -£500.00 pcm
Room 5: - £425.00 pcm

Operational costs:

Building insurance - £38.50
TV Licence - £13.25
Council tax - £140.00
Severn Trent - £62.41
OVO - £310.00
Virgin - £66.25
Window clean - £15.00