Normanton Road, Derby, Derbyshire, DE23

Investment Opportunity Alert! High-Yield Potential in Derby

Offered for sale by Property Options Estate Agents, this exceptional property on Normanton Road, Derby, presents a fantastic investment opportunity. This substantial end-terraced building features a ground floor commercial shop unitcurrently let on a full repairing and insuring lease, generating a reliable income of £24,000 per annum (£2,000 per month).

Above the commercial space lies a six-bedroom House in Multiple Occupation (HMO), perfectly designed for modern living. Each of the six generously sized bedrooms benefits from its own contemporary en-suite bathroom, ensuring maximum comfort and privacy for tenants. The property also includes a terrace, offering a desirable outdoor space.

The location is truly prime for both the commercial unit and the HMO. Situated on Normanton Road, its just a five-minute walk to Derby City Centre, providing effortless access to transport links, shops, and amenities – a significant draw for potential HMO tenants.

Based on our assessment, each of the six HMO rooms has the potential to generate £600 per month, resulting in a combined annual income of £43,200. When combined with the existing commercial income, this property offers a projected total annual income of £67,200, representing a significant yield for astute investors.

Dont miss out on this rare chance to acquire a high-income-generating property in a sought-after Derby location. Contact Property Options Estate Agents today to arrange a viewing and explore the full potential of this exceptional investment.

First Floor

Room 1 - 4.14 x 3.86 m (13′7″ x 12′8″ ft)

En-Suite

With Shower, Toilet and Wash Hand Basin

Room 2 - 3.64 x 4.00 m (11′11″ x 13′1″ ft)

En-Suite

With Shower, Toilet and Wash Hand Basin

Room 3 - 3.49 x 3.64 m (11′5″ x 11′11″ ft)

En-Suite

With Shower, Toilet and Wash Hand Basin

Room 4 - 2.57 x 3.42 m (8′5″ x 11′3″ ft)

En-Suite

With Shower, Toilet and Wash Hand Basin

Shared Kitchen - 2.34 x 4.29 m (7′8″ x 14′1″ ft)

2nd FLOOR - 3.70 x 3.01 m (12′2″ x 9′11″ ft)

Stairs to the second leading to a Landing which further gives access to

Room 5

En-Suite

With Shower, Toilet and Wash Hand Basin

Room 6 - 4.67 x 4.30 m (15′4″ x 14′1″ ft)

En-Suite

With Shower, Toilet and Wash Hand Basin

Lounge - 2.65 x 4.40 m (8′8″ x 14′5″ ft)

Anti-Money Laundering (AML) Compliance

Anti-Money Laundering (AML) Compliance: In compliance with The Money Laundering Regulations 2017, Property Options is required to conduct AML ID verification and proof/source of funds checks for all property buyers and, where applicable, cash donors, following the acceptance of an offer. These checks are securely completed through an app and do not involve a credit check, ensuring no impact on your credit history. A non-refundable compliance fee of £60.00 (inclusive of VAT) per buyer and or per donor will be charged upon agreement of an offer and prior to the issuance of a sales memorandum. This fee covers administrative costs related to AML compliance.

****ATTENTION LANDLORDS!!! *** 8% FULLY MANAGED****

****ATTENTION LANDLORDS!!! *** 8% FULLY MANAGED****

Property Options Estate Agents also offer a professional Property MANAGEMENT service. If you are thinking of letting or just simply need some advice or help with your buy to let property please call the Lettings Team or just drop us an email we can call you back.