Property Description

Full HMO License and fully compliant. Five double bedrooms, bathroom, shower room, further separate toilet, modern kitchen and communal lounge. The property has a long letting history and is already let for the 2020-2021 academic year. The rental income amounts to £22,560 per annum inclusive and therefore offering a return of over 10% at the current guide. The property is in excellent order with refitted modern kitchen and modern bathrooms and benefits from gas central heating and uPVC double glazing. A ready made, low maintenance investment with income from day one. This student investment property has been fully managed and continually let out to students by Nicholas Humphreys estate and letting agents at Friar Gate, Derby. The agents are more than happy to carry on the management for future landlords. In more detail -

LETTING HISTORY & INCOME

10/11- £16,560 48 week EX 11/13 - £18,200 52 week EX (P/YEAR) 13/14- £20,400 52 week INC 14/15- £17,512 48 week exc 15/16- £16,896 48 week EX 16/17 -£16,896 48 week EX 17/18 - £22,560 48 week INC 18/19 - £22,080 48 week INC 19/20 refurbished 20/21- £22,560 48 week INC

GROUND FLOOR:

Reception Hallway Bedroom One Bedroom Two

FIRST FLOOR:

Landing Communal Kitchen Communal Lounge Bedroom Three Shower Room Bathroom Separate W.C.

SECOND FLOOR:

Bedroom Four Bedroom Five

OUTSIDE:

Parking for two cars to the front. Rear garden.

Tenure

Leasehold

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