Property Description

Situated within easy reach of the city centre is a fully licensed HMO town house, arranged over four floors, being 50% let, 50% vacant, producing a combined income from 1st April of £21,840 per annum. In our opinion there is scope for rental increases and with some minor improvements made, we would estimate a combined rental income in the region of £40,000 to £50,000 per annum when fully let. Internally the uPVC double glazed and part gas central heated living accommodation in brief comprises; L-shaped entrance hall with staircase, studio flat and one bedroomed self contained room. To the first floor L-shaped landing leads a front bedroom with shower, rear bedroom, lobby, separate Wc and shower room/utility. There is staircase leading to the attic, where there is a communal breakfast kitchen room with additional eaves space providing excellent storage. To the basement there is a lobby with a passage/kitchenette, front bedroom with en-suite shower room and a studio flat with its own separate external access. Outside to the front there is small forecourt and shared pedestrian access leading to a low maintenance rear garden with timber panelled fencing. Please note the property enjoys far reaching views across Derby and beyond. The property is situated in a quiet and established residential location being well positioned for the Derbion Shopping Centre and Derbys inner road, which provides swift access onto the Royal Derby Hospital, Kingsway Retail Park and the A38. Additional Information Parking Arrangements: On street Water: Mains Electric: Mains Sewerage: Mains Heating: Mains gas Building construction: Traditional construction Flood Risk: Very low Broadband: Standard and superfast. Mobile Signal: O2, EE, Three and Vodafone Satellite and Cable TV Availability: BT and Sky

Ground floor L-shaped entrance passaged hallway

18ft 1 x 16ft 1

Front studio room - let at £80 per week (£4,160 per annum)

This will increase to £140.00 per week from 1st April 2024.

Living kitchen bedroom

12ft 3 max x 12ft 5 into chimney recess

En-suite shower room

6ft x 2ft 4

Rear self contained room - let at £120 per week (£6,240 per annum)

This will increase to £140.00 per week from 1st April

Entrance hall

12ft 3 x 3ft 8

Bedroom

12ft 6 into chimney recess x 12ft

Fitted kitchen

10ft 3 x 5ft 5

Fitted shower room

10ft 2 x 2ft 4 max

Front bedroom with shower - let at £72 per week (£3,744 per annum)

16ft 1 x 12ft This will increase to £140.00 per week from 1st April 2024

Rear bedroom

12ft 5 into chimney recess x 12ft 3

Lobby

4ft 1 x 3ft 6

Wc

6ft 4 x 3ft 6

Shower room/utility

10ft 4 x 4ft 3

Attic room/kitchen

11ft 6 restricted height x 9ft 1

Lower basement lobby

5ft 9 x 4ft

Cellar room

12ft 1 x 4ft 6

Passage hall/kitchenette

9ft 8 x 4ft 6 understairs

Front bedroom - Vacant

9ft 2 x 8ft 8

En-suite shower room

6ft x 2ft 3

Bedroom/lounge

12ft 6 x 12ft 1

L-shaped kitchen/hall

10ft 6 x 8ft 3

Shower room

5ft 4 x 4ft 4

Tenure

Freehold

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