Lot 4 - 36 Stockbrook Road, Derby, Derbyshire, DE22 3PJ

  • Unconditional Online Auction Sale
  • Guide Price* : 265,000
  • Bedrooms: 5
  • Bathrooms: 5
  • Reception Rooms: 1

A partially let five bedroom terrace house arranged as a five bedroom all ensuite HMO with a potential rental income of £31,112 when fully tenanted

Description

• Freehold terrace house
• 5 ensuite bedroom tenanted HMO
• Open plan living room and kitchen
• Benefits from a rear garden
• 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
• Current rental income of £18,512 per annum (part tenanted with rooms advertised)

Location

Situated on the well-connected Stockbrook Road in Derby, the property enjoys convenient access to the A516 and A38. 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.

Transport links are provided by both Derby and Peartree Rail Stations.

Planning

Planning granted through Derby City Council, Ref: 21/01814/FUL | (20-10-2021)

Planning granted for change of use from a small house in multiple occupation (Use Class C4) to a house in multiple occupation for up to seven occupants (Sui Generis Use)

HMO Compliance

- HMO License
- EICR
- Gas Safety Certificates
- Fire Risk Assessment
- Emergency Lighting Test
- Fire Alarm Test Certificate
- Planning Permission

Accommodation

Room Number Floor Accommodation Tenancy Info Rent Per Annum
1 Ground En-suite HMO room with communal kitchen and reception room Subject to a 6 month AST £5,400
2 Ground En-suite HMO room with communal kitchen and reception room Subject to a 6 month AST £6,812
3 First En-suite HMO room with communal kitchen and reception room Currently advertised to let £6,000
4 First En-suite HMO room with communal kitchen and reception room Subject to a 6 month AST £6,300
5 Second En-suite HMO room with communal kitchen and reception room Currently advertised to let £6,600

Vendors Solicitor
Gary Glover
01217166867

* 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

Gary Glover
01217166867

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