5 bed terraced house for sale

Merchant Street, Derby DE22

Summary
This mid-terrace property is a fully occupied and licensed HMO comprising of five occupied and furnished bedrooms, with an income of approximately £2100 per room per calendar month.

Description
This mid-terrace property is a fully licensed HMO arranged as five individual lets, currently accumulating a combined rental income of approximately £2,100 per calendar month. The property is presently fully occupied, with the current tenants due to vacate in June, offering an opportunity to re-let at an enhanced level. Following the end of the existing tenancies, the projected rental income is estimated at £2,325 per calendar month, equating to £27,900 per annum.

The location is ideal due to its close proximity to the University of Derby, Derby City Centre, and a short drive from the Royal Derby Hospital, along with nearby amenities including Kingsway Retail Park and Markeaton Park.

On the ground floor, the property comprises a living room, kitchen, utility room, two shower rooms, and a double bedroom. The first floor offers four further double bedrooms and a third shower room. Externally, the property benefits from a generous lawned rear garden with patio area, providing attractive communal outdoor space for tenants.

Based on the anticipated post-tenancy income of approximately £27,900 per annum, the property delivers a revised pre-tax yield of approximately 10.5%, making this a strong and well-located HMO investment opportunity with scope for immediate income growth.

Hallway

Lounge 15' 7" Max x 15' 6" Max ( 4.75m Max x 4.72m Max )

Kitchen

Utility Room

Shower Room 1

Shower Room 2

Bedroom 5 16' 8" x 8' 3" ( 5.08m x 2.51m )

Stairs & Landing

Bedroom 1 13' Max x 15' 5" Max ( 3.96m Max x 4.70m Max )

Bedroom 2 14' 8" x 6' 5" ( 4.47m x 1.96m )

Bedroom 3 15' 1" Max x 8' 4" Max ( 4.60m Max x 2.54m Max )

Bedroom 3 15' 1" Max x 8' 4" Max ( 4.60m Max x 2.54m Max )

Bedroom 4 12' 2" x 9' 7" ( 3.71m x 2.92m )

Shower Room 3

1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.