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4 bedroom terraced house for sale

Wolfa Street, Derby

Withdrawn from Market £125,000

Property Description

Key features


Full description

Tenure: Freehold

Martin&Co have a large four bedroom House in Multiple Occupation (HMO) for sale.

The property consists of three double bedrooms, and one large single room. The furniture is to be included in the sale of the property (beds, wardrobes, chest of drawers), as well as all kitchen appliances and sofas in the communal area. The tenants rent is all inclusive of all bills, and the current owner is responsible for gas, electric, water, council tax, WiFi and a communal cleaner.

Gross Rent: £1214
Approximate billing cost of £350 per month
Management Fee: £116

Monthly Profit: £748
Annual Profit: £8,976

There is scope for higher rents on the rooms subject to a light refurbishment on the property. There is also scope to convert the property into five bedrooms to incorporate two en-suite rooms and three sharing one bathroom. The rough cost of this conversion would be £30,000 (we can provide a more accurate quote should you wish to look into this as an option).

Call now for a viewing!

Listing History

Added on Rightmove:
23 November 2016


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Floorplan 1

Ground Floor

Floorplan 2

First Floor

Map & Street View

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