Livingstone Road, Derby, Derbyshire
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- PROPERTY TYPE
House of Multiple Occupation
- BEDROOMS
6
- BATHROOMS
6
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Prime Location in DE23: Situated in a vibrant community with excellent transport links and proximity to major employers like Rolls-Royce and Toyota, ensuring high demand from professional tenants.
- Fully Tenanted 6-Bed HMO: This property is already generating consistent rental income, making it a hassle-free investment opportunity.
- Strong Financials: Generates a gross annual income of £49,200, with a net yield of 7.96%, delivering solid returns.
- Experienced Management: Locally managed by professionals, providing a hands-free investment experience for landlords.
- Urban Regeneration Potential: Located in an area benefiting from ongoing urban regeneration, enhancing potential for capital appreciation.
- High Rental Yield: Offers a gross yield of 10.93%, making it an attractive addition to any property portfolio.
- Appeals to Professionals: Designed to cater specifically to working professionals, ensuring steady tenant demand.
- Robust Local Economy: Close to major employers and with strong transport links, DE23 offers a stable economic environment for property investment.
Description
1 Livingstone Road, Derby, is a prime investment opportunity in the DE23 area, offering a fully tenanted 6-bed, 6-bath HMO designed by an experienced architect and managed locally for a hands-free investment. This well-maintained property caters to working professionals, ensuring consistent demand and strong rental yields.
Located in a vibrant community with excellent transport links and proximity to major employers like Rolls-Royce, Toyota, and the Royal Derby Hospital, this property is ideally situated for professional tenants. DE23 benefits from ongoing urban regeneration, enhancing the area's potential for capital appreciation. The property generates a gross annual income of £49,200, with a net income of £35,814, delivering a gross yield of 10.93% and a net yield of 7.96%, making it an attractive and secure addition to any investment portfolio.
Income Breakdown (Monthly):
Room 1: £600.00
Room 2: £700.00
Room 3: £700.00
Room 4: £650.00
Room 5: £700.00
Room 6: £750.00
Total Monthly Income: £4,100.00
Annual Income: £49,200.00
Expenditure Breakdown (Monthly):
Gas: £300.00
Electric: £160.00
Water: £50.00
Council Tax: £123.00
TV License: £12.50
Broadband: £40.00
Cleaner: £20.00
Management: £410.00
Total Monthly Expenditure: £1,115.50
Annual Expenditure: £13,386.00
Net Annual Income: £35,814.00 (calculated as Total Income - Total Expenditure)
Gross Yield: 10.93% (calculated as Annual Income / Sale Price)
Net Yield: 7.96% (calculated as Net Annual Income / Sale Price)
Commentary: The financial figures for the property at 1 Livingstone Road, Derby, DE23 6PR, indicate a gross yield of 10.93% and a net yield of 7.96%, showcasing its potential as a strong investment opportunity. The data assumes full occupancy and no unforeseen expenses, which could otherwise affect the net income and yield calculations.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Livingstone Road, Derby, Derbyshire
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Peartree Station1.0 miles
- Derby Station1.3 miles
- Spondon Station3.4 miles
About the agent
The HMO Sales Expert is setting a new standard in the multi-unit property market by ensuring that all properties listed are valuation verified by one of the most experienced valuers in the UK. This launch not only marks an era of high compliance and accuracy in sales but promises off-market deals with no buyer fees—a complete game changer for investors and property professionals alike. All sales are exclusive to The HMO Sales Expert, guaranteeing unique access to properties that cannot be fou
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Visit our security centre to find out moreDisclaimer - Property reference XFG-50691569. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by HMO Sales Expert, Bournemouth. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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