Forester Street, Derby, Derbyshire, DE1
- PROPERTY TYPE
Terraced
- BEDROOMS
5
- BATHROOMS
3
- SIZE
1,066 sq ft
99 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
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Key features
- Fully compliant 5-bedroom HMO
- Excellent city-centre location
- Strong professional tenant demand
- Large communal kitchen / dining area
- Fully let and income producing
Description
Guide Price: £237,500
Key Features
Licensed five-bedroom HMO
Gross rental income of £27,660 per annum
Attractive gross yield of approximately 11.65%
Fully let to established tenants
Proven low-void rental history
Five well-proportioned double bedrooms
Two shower rooms plus ground-floor WC
Large communal kitchen and dining area
Private off-road parking for one vehicle
Within walking distance of Derby city centre
Turnkey investment opportunity
Property Description
Generating £27,660 per annum and offering an attractive gross yield of approximately 11.65%, this fully let five-bedroom licensed HMO represents a strong turnkey investment within walking distance of Derby city centre.
Configured specifically for professional shared living, the accommodation comprises five well-proportioned double bedrooms, a spacious communal kitchen and dining area, two modern shower rooms and a separate ground-floor WC.
The property benefits from an established tenant base, a proven history of low void periods and private off-road parking for one vehicle, which is a particularly valuable feature in this central location.
Well maintained, fully operational and income producing from day one, the property offers immediate cash flow and an established rental track record in a consistently popular location.
Investment Summary
Guide price: £237,500
Gross rental income: £27,660 per annum
Gross yield: Approximately 11.65%
Current status: Fully let
Tenant profile: Professional sharers
Location: Derby city centre, DE1
Further tenancy, licensing and financial information is available to serious investors upon request.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Allocated
- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Forester Street, Derby, Derbyshire, DE1
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Visit our security centre to find out moreDisclaimer - Property reference 11Forester. The information displayed about this property comprises a property advertisement. Rightmove.co.uk 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 Ibbotson Estates, Derby. 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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