Station Road, Ilkeston, Derbyshire, DE7 5LG

GUIDE PRICE: £280,000 - £300,000

6-BED HMO PROPERTY...

An excellent opportunity for both new and experienced investors, this tenanted six-bedroom HMO is generating an impressive approx. 12.42% gross rental yield per year, making it a highly lucrative addition to any property portfolio. Situated in the popular and convenient location of Ilkeston, this property is located close to local shops, eateries, and amenities, and offers excellent transport links. This end-terrace property offers spacious and comfortable living accommodation for tenants. The ground floor comprises a communal entrance hall, one kitchen living space, one of the six well-sized bedrooms and a three piece bathroom suite. To the first floor are three double bedrooms, alongside a three piece bathroom suite. The second floor boasts the remaining two bedrooms. Externally, the property features a low-maintenance front courtyard, and a low-maintenance communal rear garden with a paved patio seating area - ideal for tenant use with minimal upkeep required.

MUST BE VIEWED

Ground Floor -

Porch - The porch has tiled flooring, single-glazed wood-framed obscure windows to the front and side elevations.

Entrance Hall - 1.75m x 6.47m (5'8" x 21'2") - The entrance hall has wood-effect flooring, carpeted stairs, a radiator, a Victorian ceiling arch, coving to the ceiling, ceiling roses, and access via the porch.

Kitchen/Living Room - 5.07m x 7.52m max (16'7" x 24'8" max) - The kitchen/living room has a range of fitted base and wall units with rolled-edge worktops, two integrated stainless steel sinks with mixer taps and drainers, two ovens and electric hobs with stainless steel extractor fans, space for two fridge freezers, wood-effect flooring, a feature fireplace with a decorative surround and a hearth, a radiator, partially panelled walls, two UPVC double-glazed windows to the rear elevation, and a UPVC door leading out to the rear garden.

Bedroom One - 3.42m x 4.03m (11'2" x 13'2") - The first bedroom has carpeted flooring, a feature fireplace with a decorative surround and hearth, a radiator, coving to the ceiling, a ceiling rose, and a UPVC double-glazed bay window to the front elevation.

Bathroom - 2.88m x 1.20m (9'5" x 3'11") - The bathroom has a low level flush W/C, a pedestal wash basin with a mixer tap, a shower enclosure with a wall-mounted handheld shower fixture, wood-effect flooring, partially water-proof panelled walls, a chrome heated towel rail, and an extractor fan.

First Floor -

Landing - 0.93m x 4.43m (3'0" x 14'6") - The landing has carpeted flooring and stairs, a UPVC double-glazed window to the front elevation, and access to the first floor accommodation.

Bedroom Two - 3.44m x 3.29m (11'3" x 10'9") - The second bedroom has carpeted flooring, a radiator, and a UPVC double-glazed window to the rear elevation.

Bedroom Three - 2.72m x 3.47m (8'11" x 11'4") - The third bedroom has carpeted flooring, a radiator, and a UPVC double-glazed window to the rear elevation.

Bedroom Four - 4.18m x 3.28m (13'8" x 10'9") - The fourth bedroom has carpeted flooring, a radiator, two built-in storage cupboards with overhead cupboards, and two UPVC double-glazed windows to the front elevation.

Bathroom - 2.37m x 1.41m (7'9" x 4'7") - The bathroom has a low level flush W/C, a pedestal wash basin with a mixer tap, a shower enclosure with a wall-mounted handheld shower fixture, wood-effect flooring, partially water-proof panelled walls, a chrome heated towel rail, and an extractor fan.

Second Floor -

Bedroom Five - 2.93m x 4.29m (9'7" x 14'0") - The fifth bedroom has carpeted flooring, a radiator, and a UPVC double-glazed window to the rear elevation.

Bedroom Six - 3.98m x 3.93m (13'0" x 12'10") - The sixth bedroom has carpeted flooring, a radiator, eaves storage, access to the loft, and a UPVC double-glazed window to the front elevation.

Outside -

Front - To the front of the property is a courtyard style front garden.

Rear - To the rear of the property is a low maintenance garden with a paved patio seating area, a gravelled area, an out-building, and fence panelled boundaries.

Additional Information - Electricity – Mains Supply
Water – Mains Supply
Heating – Gas Heating – Connected to Mains Supply
Septic Tank – No
Broadband Speed - Ultrafast - 1800 Mbps (Highest available download speed) 220 Mbps (Highest available upload speed)
Phone Signal – All 4G and some 5G
Sewage – Mains Supply
Flood Risk – No flooding in the past 5 years
Very low risk of flooding
Non-Standard Construction – No
Any Legal Restrictions – No
Other Material Issues – No

Disclaimer - Council Tax Band Rating - Erewash Borough Council - Band B

This information was obtained through the directgov website. HoldenCopley offer no guarantee as to the accuracy of this information, we advise you to make further checks to confirm you are satisfied before entering into any agreement to purchase.
 
The vendor has advised the following:
Property Tenure is freehold.

Agents Disclaimer: HoldenCopley, their clients and employees 1: Are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2: Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and HoldenCopley have not tested any services, equipment or facilities. Purchasers must make further investigations and inspections before entering into any agreement.
 
Purchaser information -The Money Laundering, Terrorist Financing and Transfer of Funds(Information on the Payer) Regulations 2017(MLR 2017) came into force on 26 June 2017. HoldenCopley require any successful purchasers proceeding with a property to provide two forms of identification i.e. passport or photocard driving licence and a recent utility bill or bank statement. We are also required to obtain proof of funds and provide evidence of where the funds originated from. This evidence will be required prior to HoldenCopley removing a property from the market and instructing solicitors for your purchase.
 
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