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3 bedroom terraced house for sale

Wolfa Street, Derby

Withdrawn from Market £110,000

Property Description

Key features


Full description

Tenure: Freehold

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

The property consists of three double bedrooms. The furniture is to be included in the sale of the property (beds, wardrobes, chest of drawers), as well as all kitchen appliances and sofa 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.

Current Gross Rent: £990
Approximate billing cost of £300 per month
Management Fee: £99

Monthly Profit: £591 (Cash Purchase)
Annual Profit: £7,092

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 four bedrooms to incorporate one en-suite bathroom and the other three bedrooms sharing one bathroom. The rough cost of this conversion would be £20,000 (we can provide a more accurate quote should you wish to look into this as an option). This has the potential to increase monthly profit up to £900+ as a cash purchase.

Call now for a viewing!  

Listing History

Added on Rightmove:
25 November 2016


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Floorplan 1

Ground Floor

Floorplan 2

First Floor

Map & Street View

Disclaimer - Property reference 100691002554. The information displayed about this property comprises a property advertisement. makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Martin & Co, Derby - Lettings & Sales. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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