4 bedroom terraced house for saleWolfa Street, Derby
Withdrawn from Market £125,000
- OPPORTUNITY TO EXPAND
- FOUR LETABLE ROOMS
- EXTENDED KITCHEN
- COMMUNAL LIVING ROOM
- LARGE BATHROOM
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).
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