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
£196,000

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
Price Change -10.91%

Description

This 6-bedroom home in Derby is a lucrative investment opportunity for property investors. The property is currently generating an annual gross income of £23,520, which has the potential to increase to £34,020 with long-term tenants already in place. The well-maintained home features 6 bedrooms, 2 bathrooms, a lounge, and a kitchen, making it an attractive option for tenants. The current tenants have been living in the property for several years and have consistently paid their rent, with no intention of moving out. With a competitive purchase price, this property could be a valuable addition to an investor's portfolio, offering a strong potential for rental returns.