8 bedroom House of Multiple Occupation in Derby

2 Edward Street, Derby DE1 3BR
  • Lot No: 73
  • Property Type: House of Multiple Occupation
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £250,000+ plus fees

Result Sold Prior to Auction

Property Description

Situated within short walking distance of Darley Park and Derby City Centre is an imposing eight bedroom, three storey detached fully licensed HMO property with additional parking located to the side of the property. The property has currently 6x bedrooms let on assured shorthold tenancy agreements producing a combined income of £28,080.00 per annum. When fully let we would anticipate a gross income of £37,440.00 per annum, this would represent an impressive 15% return based on the guide price. Externally the property has a rendered appearance, set beneath a replacement pitched tiled roof with front the front elevation being relived by multi paned sash windows. Internally the well equipped living accommodation has the benefit of original wooden sash windows, gas central heated and in brief comprises; entrance hall, full depth lounge, open plan dining kitchen with built-in-appliances a central column and rear passage hallway/utility room. To the first floor split level landing there are four generous sized double bedrooms, served by two fully fitted shower rooms. To the second for landing, again there are four double bedrooms and shower room. The property is located just off the popular Duffield Road, with a good range of independent shops, public houses/restaurants, all within short walking distance. The nearby A52 provides swift access onto the M1 Motorway, Nottingham and further regional business centres. Excellent high yielding freehold investment property.

Entrance hall

19ft x 6ft 3


Full depth lounge

19ft 1 x 12ft 7


Open plan dining kitchen (with central column)

23ft 5 x 16ft


Rear hall passage/utility room

32ft 5 x 4ft 1


Bedroom seven

16ft 1 max x 12ft 5max


Bedroom eight

15ft 10 x 9ft 8


Shower room

9ft 4 x 5ft 7


Bedroom six

13ft x 9ft 7


Bedroom five

13ft x 9ft 5


Shower room

6ft 4 x 6ft 4


Bedroom one

13ft 2 x 10ft


Bedroom two

13ft x 9ft 4


Bedroom three

12ft 4 x 8ft 3


Bedroom four

12ft 7 x 10ft 10


Shower room

5ft 9 x 4ft 9


Outside

Located to the side of the property there is an enclosed parking for three approximately three vehicles.


Tenure

Freehold

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. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. 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 £1,500 inc. VAT The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. 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 (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve 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.

Auction Details

Date 30th November 2023

Venue National Property Auction
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

2 Edward Street, Derby DE1 3BR