Epic 19 Studio Professional HMO

King Alfred Street, Derby, DE22

REF 1294

  • INVESTMENT

    £1,900,000

  • GROSS YIELD

    8.34%

  • ANNUAL RENT

    £158,400

AgentHMO default property
Coming Soon
  • INVESTMENT

    £1,900,000

  • GROSS YIELD

    8.34%

  • ANNUAL RENT

    £158,400

  • REF

    1294

DESCRIPTION

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Features

  • Fully Tenanted
  • Fully Refurbished
  • Great Location
  • Strong Rental Demand
  • Capital Growth Potential
  • Good Transport Links
  • Fully Managed
  • Wireless Broadband
  • Shared Kitchen Dining Area
  • HMO Compliant Fire Alarm
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FINANCIALS

  • Investment £1,900,000
  • Gross Annual Rent £158,400
  • Gross Monthly Rent £13,200
  • Gross Yield 8.34%
  • Net Monthly Rent £13,200
  • Net Yield 8.34%
  • Min 25% Deposit Requirement £475,000
  • Monthly Mortgage Payment* £2,969
  • Monthly Cashflow £10,231

*Based on 75% LTV 2.5% APR. Note. Always speak to a qualified HMO mortgage broker for an accurate quote. These rates are an example of the potential % APR rates only. Visit theHMOmortgagebroker.co.uk to find out the latest HMO mortgage rates.

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Fees

  • Buyers Fee £0

The fee charged to the buyer in addition to the purchase price.

  • Reservation Deposit --

The deposit amount to secure the HMO opportunity. This is fully refundable in accordance with the terms & conditions (see FAQs) and is deducted from the purchasre price upon completion. In the case of this property, the reservation deposit is -- then the balance due on completion is £1,900,000.

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Property

  • Property Type Freehold Block
  • Double Glazing Full
  • Sub Type Detached
  • Garage None
  • Tenure Freehold
  • Garden Front
  • Construction Brick & Tile
  • Parking Off-Road
  • Condition Excellent
  • No Parking Spaces 1
  • Heating Electric
  • EPC Rating
  • Size
  • Listed Building No
  • Studio 17
  • 2 Bed Flat 1
  • Property Type Freehold Block
  • Double Glazing Full
  • Sub Type Detached
  • Garage None
  • Tenure Freehold
  • Garden Front
  • Construction Brick & Tile
  • Parking Off-Road
  • Condition Excellent
  • No Parking Spaces 1
  • Heating Electric
  • EPC Rating
  • Size
  • Listed Building No
  • Studio 17
  • 2 Bed Flat 1
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Photos

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VIRTUAL TOUR

Use the most immersive way to experience a property online. Take a virtual tour.

Use the most immersive way to experience a property online. Take a virtual tour.

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Rental

  • Tenant Type
  • Student
  • 12 Month Occupancy
  • 100
  • Occupancy
  • Fully Let
  • Tenancy Type
  • Multi Tenancy
  • No. of Tenants
  • 17
  • Tenant Type
  • Student
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • 100
  • Tenancy Type
  • Multi Tenancy
  • No. of Tenants
  • 17
  • Unit 1
  • £650
  • Let
  • Studio
  • Unit 2
  • £650
  • Let
  • Studio
  • Unit 3
  • £700
  • Let
  • Studio
  • Unit 4
  • £650
  • Let
  • Studio
  • Unit 5
  • £700
  • Let
  • Studio
  • Unit 6
  • £650
  • Let
  • Studio
  • Unit 7
  • £700
  • Let
  • Studio
  • Unit 8
  • £650
  • Let
  • Studio
  • Unit 9
  • £750
  • Let
  • Studio
  • Unit 10
  • £650
  • Let
  • Studio
  • Unit 11
  • £800
  • Let
  • Studio
  • Unit 12
  • £700
  • Let
  • Studio
  • Unit 13
  • £700
  • Let
  • Studio
  • Unit 14
  • £750
  • Let
  • Studio
  • Unit 15
  • £700
  • Let
  • Studio
  • Unit 16
  • £750
  • Let
  • Studio
  • Unit 17
  • £750
  • Let
  • Studio
  • Unit 18
  • £650
  • Let
  • Studio
  • Unit 19
  • £650
  • Let
  • Studio
  • Total £13200
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Costs

  • Gas
  • Water
  • Wifi
  • Electric
  • Cleaner
  • TV Licence
  • Insurance
  • Council Tax
  • Gas
  • Water
  • Wifi
  • Electric
  • Cleaner
  • TV Licence
  • Insurance
  • Council Tax
  • Total £0
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LICENSING

  • HMO License Required Yes
  • HMO License in Place Yes
  • Planning Use Class Sui Generis
  • HMO License Required Yes
  • HMO License in Place Yes
  • Planning Use Class Sui Generis
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Management

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FLOOR PLAN

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LOCATION

King Alfred Street, Derby, DE22 3QJ, United Kingdom

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BROCHURE

Download the investment brochure
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Coming Soon. We are currently in the process of on boarding this HMO opportunity. See Ts & Cs.
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