9 bed House for Sale
Burton Road, Derby, DE23
£520,000 (Freehold)Share:
Description
- Freehold
- 9-Bed HMO
- Annual Rental Income of £47,800
- Gross Yield of 9.25%
- Prime Investment Opportunity
- Close to Derby City Centre
- Excellent Transport Links
A FULLY LET, 9-BEDROOM HMO, each bedroom featuring a PRIVATE EN-SUITE, designed to accommodate UP TO 12 TENANTS. This property generates an IMPRESSIVE ANNUAL RENTAL INCOME of £47,800, offering a STRONG GROSS YIELD of 9.25%.
Located CLOSE TO DERBY CITY CENTRE, the property provides EASY ACCESS TO PUBLIC TRANSPORT and is CONVENIENTLY SITUATED near LOCAL AMENITIES, making it highly attractive to tenants.
The FREEHOLD with VACANT POSSESSION is available, or it can be purchased SUBJECT TO EXISTING TENANTS, providing flexibility to the buyer.
This is an IDEAL INVESTMENT OPPORTUNITY for those looking to achieve HIGH RENTAL RETURNS in a PRIME LOCATION.
The property comes with FULL PLANNING CONSENT for its current use and is LICENCED FOR MULTIPLE OCCUPATION (Ref - M100823) with approval from 22/08/2023 to 21/07/2028.
Don’t miss this opportunity to acquire a TURNKEY INVESTMENT with EXCELLENT CASH FLOW and APPRECIABLE LONG-TERM VALUE.
Material Information
- Local Authority: Derby
- Council Tax Band: E
- Ground Rent Period: Month
- Service Charge Period: Month
- Is Loft Boarded: No
- Parking: Parking Space Type - Driveway
- Parking: Capacity - 4
- All Others: Ask Agent
EPC
To discuss this property call our Greenford branch:
Market your property
with SAB Estates
Book a market appraisal for your property today. Our virtual options are still available if you prefer.