7 bedroom House of Multiple Occupation in Derby
59 Uttoxeter New Road, Derby, DE22 3NL
- Lot No: 57
- Property Type: House of Multiple Occupation
- Contract Type: Unconditional
Guide Price* £300,000+ plus fees
Result Sold Prior to Auction £375,000
The sale includes two separate letting units. One 4 bedroomed house and one 3 bedroomed property. The property has a long letting history and is already let for the 2020-2021 academic year. The rental income amounts to £35,280 per annum inclusive and therefore offering a return of over 11% at the current guide price. The property is in excellent order and benefits from gas central heating and modern kitchen and bathrooms. 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.
Main House - 4 Bedrooms
Reception Hallway Communal Dining/ Living/ Kitchen Bedroom One
Landing Bedroom Two Bedroom Three
Landing Bedroom Four Bathroom with four piece suite.
Studio House- 3 Bedrooms
Communal Kitchen / Lounge Bedroom
Bedroom Two Bedroom Three Bathroom
Driveway offering parking for two cars. A pleasant and private rear garden which is fully enclosed.
The property has a great letting history and the recent years rental income are shown below- 19/20 £36,036 18/19 £34,580 17/18 £32,760 16/17 £32,760
Date 30th September 2020
Venue National Property Auction
The National Property Auction will be conducted behind closed doors by auctioneers Andrew Parker, Rory Daly and Graham Penny. The auction will be live-streamed online with remote bidding only. Registration for bidding will close at 12pm the day before the auction.
If you have any questions, call our team on 0345 222 0197