Super 11 Bed Professional HMO

London Road, Alvaston, DERBY, DE24

REF 3688

  • INVESTMENT

    £450,000

  • GROSS YIELD

    12.27%

  • ANNUAL RENT

    £55,200

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Coming Soon
  • INVESTMENT

    £450,000

  • GROSS YIELD

    12.27%

  • ANNUAL RENT

    £55,200

  • REF

    3688

DESCRIPTION

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Features

  • Great Location
  • Strong Rental Demand
  • Capital Growth Potential
  • Good Transport Links
  • Shared Kitchen Dining Area
  • HMO Compliant Fire Alarm
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FINANCIALS

  • Investment £450,000
  • Gross Annual Rent £55,200
  • Gross Monthly Rent £4,600
  • Gross Yield 12.27%
  • Net Monthly Rent £3,803
  • Net Yield 10.14%
  • Min 25% Deposit Requirement £112,500
  • Monthly Mortgage Payment* £703
  • Monthly Cashflow £3,100

*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 £450,000.

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Property

  • Property Type House
  • Double Glazing Full
  • Sub Type Semi-Detached
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking Off-Road
  • Condition Excellent
  • No Parking Spaces 2
  • Heating Gas Central Heating
  • EPC Rating
  • Size 999 ft²
  • Listed Building No
  • Single 5
  • Kitchens 1
  • Double 4
  • Reception Rooms 1
  • Double Ensuite 2
  • Ensuite Bathrooms 2
  • Shared Bathrooms 3
  • Seperate WCs 1
  • Property Type House
  • Double Glazing Full
  • Sub Type Semi-Detached
  • Garage None
  • Tenure Freehold
  • Garden Rear
  • Construction Brick & Tile
  • Parking Off-Road
  • Condition Excellent
  • No Parking Spaces 2
  • Heating Gas Central Heating
  • EPC Rating
  • Size 999 ft²
  • Listed Building No
  • Single 5
  • Kitchens 1
  • Double 4
  • Reception Rooms 1
  • Double Ensuite 2
  • Ensuite Bathrooms 2
  • Shared Bathrooms 3
  • Seperate WCs 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
  • Professional
  • 12 Month Occupancy
  • Occupancy
  • Fully Let
  • Tenancy Type
  • Multi Tenancy
  • No. of Tenants
  • 11
  • Tenant Type
  • Professional
  • Occupancy
  • Fully Let
  • 12 Month Occupancy
  • Tenancy Type
  • Multi Tenancy
  • No. of Tenants
  • 11
  • Unit 1
  • £400
  • Vacant
  • Single Room
  • Unit 2
  • £400
  • Vacant
  • Single Room
  • Unit 3
  • £400
  • Vacant
  • Single Room
  • Unit 4
  • £400
  • Vacant
  • Single Room
  • Unit 5
  • £450
  • Vacant
  • Double Room / Ensuite
  • Unit 6
  • £450
  • Vacant
  • Double Room / Ensuite
  • Unit 7
  • £425
  • Vacant
  • Double Room
  • Unit 8
  • £425
  • Vacant
  • Double Room
  • Unit 9
  • £425
  • Vacant
  • Single Room
  • Unit 10
  • £400
  • Vacant
  • Single Room
  • Unit 11
  • £425
  • Vacant
  • Double Room
  • Total £4600
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Costs

  • Gas £200
  • Water £120
  • Wifi £17
  • Electric £25
  • Cleaner £160
  • TV Licence £20
  • Insurance £55
  • Council Tax £200
  • Gas £200
  • Water £120
  • Wifi £17
  • Electric £25
  • Cleaner £160
  • TV Licence £20
  • Insurance £55
  • Council Tax £200
  • Total £797
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LICENSING

  • HMO License Required Yes
  • HMO License in Place No
  • HMO License Required Yes
  • HMO License in Place No
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Management

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FLOOR PLAN

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LOCATION

London Road, Derby, DE24 8PZ, 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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