Lot 1 - 48 Leacroft Road, Derby, Derbyshire, DE23 8HT
- Unconditional Online Auction Sale
- Guide Price* : 300,000
- Bedrooms: 6
- Bathrooms: 6
- Reception Rooms: 0
A tenanted 6 bedroom mid terrace HMO let to professional tenants producing £48,600 per annum
Description
• Mid-terrace house
• 6 bedroom HMO comprising of 5 studio ensuite and 1 ensuite room, plus 1 external WC
• Licensed for 7 People - 1 bedroom is double occupancy
• Tenanted with rental income of £4,050 per month / £48,600 per annum
• Benefits from a rear garden
• Representing a 16.2% yield on guide
Location
Located on Leacroft Road in the popular DE23 residential area of Derby.
Benefits from its proximity to Derby's city centre, major employers, and local amenities, ensuring a steady flow of tenants, particularly professionals working in Derby’s booming engineering and aerospace sectors.
Ideally situated with access to major transport links, making it an attractive location for professionals and commuters. The nearby A38, A50, and M1 motorways provide easy connections to major cities like Nottingham, Birmingham, and Leicester, while Derby railway station offers regular services to London and other major UK cities.
Planning
Planning granted through Derby City Council, Ref: 21/02111/FUL | (24-01-2022)
Change of use from a six bedroom (six occupant) house in multiple occupation (Use Class C4) to a six bedroom (seven occupant) house in multiple occupation (Sui Generis)
HMO Compliance
HMO Compliance Documents:
- Planning approval
- Building Control Approval
- HMO Licence
- EPC
- EICR
- Gas safety certificate
- Emergency lighting test certificate
- Fire alarm test certificate
- PAT Test Certificate
Additional information can be found in the legal pack
Accommodation
| Room Number | Floor | Accommodation | Tenancy Info | Rent Per Annum |
|---|---|---|---|---|
| 1 | Ground | Studio style en-suite HMO room with kitchenette | Subject to 6 month AST starting from 25th July 2025 | £7,620 |
| 2 | Ground | Studio style en-suite HMO room with kitchenette | Subject to 6 month AST starting from 25th February 2025 | £8,700 |
| 3 | First | En-suite HMO room with shared kitchen | Subject to 6 month AST starting from 25th June 2024 | £7,300 |
| 4 | First | Studio style en-suite HMO room with kitchenette | Currently vacant since the 5th of June 2025 | Advertised for £8,100 |
| 5 | First | Studio style en-suite HMO room with kitchenette | Subject to 6 month AST starting from 1st March 2024 | £8,700 |
| 6 | Second | Studio style en-suite HMO room with kitchenette | Subject to 6 month AST starting from 3rd March 2025 | £8,700 |
* Guide Prices are provided as an indication of each seller's minimum expectation (also known as the 'Reserve Price'). This is not necessarily a figure which a property will sell for and may change at any time prior to the auction. Every property will be offered subject to a Reserve Price (this is the sellers minimum expectation) which will be set within either a Guide Range or no more than 10% above a single figure Guide Price.
The Buyers Administration Fee of £1,500 (inclusive of VAT) is a separate charge payable in addition to the price a Lot sells for. In addition, the Guide Price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.
To participate in the sale, HMO X Auctions must hold a minimum amount from all bidders. This participation amount and administration fee are fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £5,000 comprises £3,500 relating to your bidder security (which forms part of your 10% deposit payment) and the buyers administration fee of £1,500 (inclusive of VAT).
Please note that Lots may be sold or withdrawn prior to auction without prior notice.
Any information provided by HMO X Auctions or the seller, whether in writing or orally, does not constitute a representation, condition, or warranty. The information given is for illustrative purposes only and should not be considered as fact. Any mistakes, omissions, inaccuracies, or mis-descriptions in the information provided will not give rise to any legal action or compensation against HMO X Auctions or the seller.
All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of HMO X Auctions or the seller.
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