House of Multiple Occupation
A superb investment opportunity comprising of a three storey property arranged as a four bedroom HMO.
Offered fully let at £18,240 from 1st July 2022 -30th June 2023 inclusive.
Already fully let for the 2023 -2024 academic year from 1st July 2023 - 30th June 2024 at £19,200 per annum inclusive of bills.
A gross return yield of around 12% against guide price.
In good order throughout with modern kitchen, bathroom and decor and the property had a new roof and a rewire both in 2019.
Well placed in a great letting location, giving easy access to Derby University and the city centre.
Reception Hallway, Communal Lounge, Communal Kitchen, Bedroom One
Landing, Bedroom Two, Bedroom Three, Communal Bathroom
Bedroom Four
Rear Garden
These sales details are awaiting vendor approval.
Freehold. Subject to tenancy.
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms.
Auction Deposit and Fees
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1074 inc. VAT
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
