London Road, Derby DE24 5 bed end of terrace house for sale

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London Road, Derby DE24 5 bed end of terrace house for sale

London Road, Alvaston, Derby, Derbyshire DE24
£250,000

Our Summary

  • Subject to relevant permissions and regulations, there is potential to add a further room in the roof space or potential to convert one of the rooms to an apartment
  • Ideal investment opportunity

Description

This five-bedroom HMO property in Alvaston is being sold with tenants in situ, generating £28,500 per annum when fully occupied. The property is located on London Road, close to bus routes and local amenities, and is well-suited for commuting tenants. The property comprises five rooms, all with en-suite facilities, a communal kitchen, and laundry area, as well as three parking spaces. The property has the potential to add an extra room in the roof space or convert one of the rooms to an apartment, subject to relevant permissions and regulations. The current rental income is £28,500 per annum, with one room currently vacant but advertised for occupancy. The operational costs include building insurance, TV licence, council tax, and utility bills, totaling £625.50 per month.