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Offers in region of
£360,000

9 bedroom townhouse for sale

Charnwood Street, Derby, Derbyshire, DE1 2GU
Townhouse
9 beds
4 baths
2314
EPC rating: C
Added > 14 days

Key information

TenureFreehold
Council taxBand B
BroadbandUltra-fast 1000Mbps *
Mobile signal
EEO2ThreeVodafone

Features and description

  • Incredible Nine Bedroom HMO Investment Opportunity, Fully Licensed
  • Current Yield Of 12.5%
  • Yearly Income Of Circa £45,000
  • Fully Furnished Throughout
  • Minimal Void Periods & Well Maintained Throughout
  • Sizeable Kitchen Space, Symmetrical With Ample Storage And Cooking Space For All Tenants
  • Useful Communal Reception Room Just Off Kitchen, With Allocated Locked Cupboard For Each Tenant
  • Cellar Laundry Room With Pay-As-You-Go Facilities
  • Out Door Space Ideal For Bike Storage
  • Nine Double Bedrooms

Nestled in the heart of Derby, this extraordinary nine-bedroom HMO property presents an unparalleled investment opportunity for discerning buyers seeking a turnkey venture in the thriving rental market. Designed to maximise both comfort and profitability, this property boasts a current yield of 12.5%, generating an impressive yearly income of approximately £45,000. With its fully furnished interiors and a variety of tenant-centric features, this residence has been meticulously crafted to ensure minimal void periods and optimal tenant satisfaction.


Spacious Accommodation


The property features nine generously proportioned double bedrooms, each thoughtfully designed to provide ample space for relaxation and personalisation. The fully furnished rooms cater to modern living requirements, making them highly appealing to tenants. Each bedroom is well-lit, boasting contemporary furnishings, and provides a warm and inviting atmosphere. Two of the rooms boast useful en-suites


Functional Communal Areas


At the heart of this property lies a sizeable kitchen space that has been symmetrically designed to accommodate the needs of multiple tenants. With ample storage and abundant cooking facilities, this kitchen ensures that all tenants have a seamless culinary experience. Just off the kitchen is a practical communal reception room—a perfect space for tenants to socialise, relax, or unwind after a busy day. Each tenant has their own allocated locked cupboard in the reception room, providing personalised storage options and further enhancing the practicality of the property. With additional fridge and freezer in the cellar. Whilst the kitchen boasts under counter fridges.


Convenience and Utility


The property also features a cellar laundry room equipped with pay-as-you-go facilities, ensuring that tenants have convenient access to essential services without the need to travel. This added feature is a significant draw for potential tenants, enhancing the overall appeal of the property.


Outdoor Amenities


Beyond its interior offerings, the property includes outdoor space specifically designed for bike storage, accommodating the needs of environmentally conscious tenants or those who prefer cycling as their primary mode of transport. This additional feature highlights the property’s consideration for modern urban living.


Investment Appeal


With its remarkable yearly income and minimal void periods, this property is an exceptional investment opportunity. It is fully furnished throughout, eliminating the need for any initial setup costs. The layout and amenities have been carefully planned to attract long-term tenants, ensuring a consistent and reliable income stream. The current yield of 12.5% exemplifies the property’s financial potential, making it an ideal choice for investors looking to expand their portfolio in the competitive Derby market.


Prime Location


Situated in Derby, a city known for its robust rental market and vibrant community, the property benefits from excellent transport links, local amenities, and a dynamic social scene. Its central location ensures strong tenant demand, further solidifying its status as a standout investment property.


Conclusion


In summary, this nine-bedroom HMO property in Derby is a rare gem that combines outstanding financial performance with tenant-focused design. From its spacious bedrooms and functional communal areas to its convenient laundry facilities and outdoor storage solutions, every aspect of this property has been tailored to meet the needs of today’s tenants. With an impressive gross yield of 12.5% and a yearly income of circa £45,000, this investment opportunity is not to be missed. Whether you are a seasoned investor or new to the property market, this turnkey HMO is poised to deliver exceptional returns and long-term success.

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About this agent

Cope & Co - Derbyshire
Cope & Co - Derbyshire
Canterbury House Stephensons Way Derby DE21 6LY
01332 494652
Full profileProperty listings
Cope & Co. is a local independent estate agent specialising in residential sales and lettings across Derbyshire and East Staffordshire. Our expert knowledge of the local property market, combined with experienced and friendly staff, enables us to offer a premium service to our customers. As a modern contemporary business we look for innovative ways to market your property, you will find our service and modern approach refreshingly different.
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