Please Quote Reference RW1490

Originally built in 1900, this residence has been thoughtfully adapted to function as a House in Multiple Occupation (HMO), making it an ideal choice for investors seeking a reliable income stream. The property is fully tenanted and comes fully furnished, allowing for a seamless transition for new owners.

The two reception rooms provide ample space for communal living, fostering a welcoming atmosphere for residents. The strategic location on Stockbrook Road offers convenient access to local amenities, transport links, and the vibrant community of Derby, enhancing its appeal to potential tenants.

This property is not just a house; it is a well-established investment that promises to deliver consistent returns. With its ten bedrooms and ten bathrooms, it is perfectly suited to meet the demands of modern living. For investors looking to expand their portfolio, this HMO property represents a unique opportunity to acquire a substantial asset in a thriving area.

Tenure: Freehold

Council Tax Band : B

Please note that some of the images shown have been virtually staged to illustrate the available space and layout. These visuals are for illustrative purposes only and may not reflect the exact furnishings, finishes or décor of the property

Auctioneers Comments:
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.

Terraced House in Derby