Nottingham Road, Derby DE21 6 bed house of multiple occupation for sale

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Nottingham Road, Derby DE21 6 bed house of multiple occupation for sale

Nottingham Road, Derby DE21
£184,000

Price History

Initial price £220,000
06/12/24 £210,000
14/12/24 £206,000
21/12/24 £200,000
24/12/24 £196,000
03/01/25 £193,000
10/01/25 £190,000
17/01/25 £187,000
01/02/25 £184,000
Price Change -16.36%

Description

This 6-bedroom home in Derby is a lucrative investment opportunity for those looking to expand their portfolio. The property is well-maintained and features two bathrooms, a lounge, and a kitchen. It currently generates an annual gross income of £23,520, but with some adjustments, the new owner could increase this to a market rate of £34,020. The current tenants, who have been living in the property for several years, are willing to stay on, providing a stable and consistent rental income. With a purchase price that makes for a worthwhile addition to an investor's portfolio, this property is a fantastic opportunity for those looking to maximize their returns.