Lot 9 - 69 Walbrook Road, Derby, Derbyshire, DE23 8SA
- Unconditional Online Auction Sale
- Guide Price* : £250,000
- Bedrooms: 7
- Bathrooms: 7
- Reception Rooms: 1
Fully tenanted 7 bedroom, 7 bathroom HMO producing £36,480 per annum.
Description
• Originally designed as an 8-bed HMO – Room 4 now converted into a communal lounge
• 7 Bedrooms with 6 en-suites and 1 private bathroom
• Fully tenanted to professional tenants
• Popular rental area close to major employment drivers - Rolls-Royce, Toyota, and the University of Derby attract professionals and students.
• Licensed, fully managed HMO in a prime location
Location
Situated on the well connected Walbrook Road in Derby the location benefits from easy access via the A5250 and A5111, offering direct routes to the city centre, Royal Derby Hospital and University of Derby. Set within a thriving residential area, it is close to a range of local amenities including shops, school and parks.
Travel links are provided by both Peartree and Derby Rail Stations.
Planning
Planning granted through Derby City Council, Ref: 19/00736/DISC | (21-05-2019)
Change of use from a dwelling house (use class C3) to a seven bedroom house in multiple occupation (sui generis use) and retention of single storey rear extension - discharge of conditons 3, 4 and 5 of previously approved permission DER/10/18/01497
HMO Compliance
HMO Compliance Documents:
- Planning approval
- HMO Licence
- EPC
- EICR
- Gas safety certificate
- Emergency lighting test certificate
- Fire alarm test certificate
Additional information can be found in the legal pack
Accommodation
| Room Number | Floor | Accommodation | Tenancy Info | Rent Per Annum |
|---|---|---|---|---|
| 1 | Ground | En-suite HMO room with shared kitchen and reception room | Subject to 6 month AST starting from 27th February 2025 | £5,400 |
| 2 | Ground | En-suite HMO room with shared kitchen and reception room | Subject to 6 month AST starting from 4th August 2022 | £4,980 |
| 3 | Ground | HMO room with access to private bathroom, shared kitchen and reception room | Subject to 6 month AST starting from 15th February 2025 | £4,500 |
| 5 | First | En-suite HMO room with shared kitchen and reception room | Subject to 6 month AST starting from 31st May 2024 | £4,980 |
| 6 | First | En-suite HMO room with shared kitchen and reception room | Subject to 6 month AST starting from 26th June 2025 | £5,100 |
| 7 | First | En-suite HMO room with shared kitchen and reception room | Subject to 12 month AST starting from 10th May 2025 | £5,580 |
| 8 | Second | En-suite HMO room with shared kitchen and reception room | Subject to 6 month AST starting from 15th February 2024 | £5,940 |
Vendors Solicitor
* 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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Vendors Solicitor
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