For Sale5 Bedroom Terraced House in Walbrook Road, Derby, DE23 8RY£180,000
Property Type
Terraced House
Bedrooms
× 5
Bathrooms
× 2
Receptions
× 2
Tenure
Freehold
Price
£180,000
Key Features
- Immaculately Maintained
- 4/5 Lettable Rooms
- Tenants Currently In Situ
- Private Enclosed Courtyard Garden
- Approx. £20,000 PA Return Fully Let
Resources
Description
Immaculately Maintained & Managed Four/Five Bedroom Investment Property Welcome to this exceptional investment opportunity, presenting a meticulously maintained four/five-bedroom property that stands as a testament to quality, convenience, and potential. This residence is not just a home; it's a savvy investment generating approximately £20,000 per annum under current legislation, with the promise of increased yields under fully licensed HMO terms. Key Features: Optimal Layout: To the ground floor, the property boasts two bedrooms, thoughtfully designed to share a modern kitchen, a spacious dining area, and convenient facilities such as a WC and shower. The first floor accommodates an additional three bedrooms, sharing a well-appointed kitchen on the ground floor, a shower room, and another WC. Outdoor Spaces: The property features an enclosed forecourt, providing a welcoming entrance and enhancing privacy. Additionally, a low-maintenance fully enclosed yard including a practical timber storage workshop, ideal for securing belongings, and convenient private access. Investment Potential: With an existing annual income of approximately £20,000, this property aligns with current legislation. However, its true potential lies in the possibility of increased yields under fully licensed HMO terms. The flexible layout and well-distributed facilities make it a prime candidate for higher rental returns. Impeccable Management: The property has been impeccably maintained and managed, ensuring a hassle-free ownership experience for investors. From routine maintenance to tenant management, every aspect has been handled with care, offering peace of mind to prospective investors. Location: Situated in a popular locale, the property benefits from a strategic location, providing easy access to amenities, public transportation, and local attractions. This enhances its appeal to potential tenants, contributing to a consistently high occupancy rate.