6 bedroom House of Multiple Occupation in Derby

17 Derby Road, Kegworth, Derby, DE74 2EN
  • Lot No: 21
  • Property Type: House of Multiple Occupation
  • Contract Type: Unconditional
Nicholas Humphreys - Loughborough

Guide Price* £330,000+ plus fees

Result Sold at Auction £350,000

Property Description

The property is finished to the highest of standards throughout with a hotel like feel. Kegworth offers a good range of amenities and is well placed for commuting with the M1 and motorway network close by and East Midlands airport only a few miles away. The property is fully let with an income of £34,800 per annum inclusive and therefore offering a return of over 10% at the current guide price. Full HMO Licence and fully compliant. 6 double bedrooms, ALL with en-suite shower rooms. The property is in excellent order throughout with modern kitchen, modern en-suite shower rooms and benefits from gas central heating and UPVC double glazing. A ready made, low maintenance investment with income from day one. The accommodation briefly comprises:

Ground Floor:

Reception Hallway Communal Kitchen / Dining Area Bedroom One, with en-suite Bedroom Two, with en-suite

First Floor:

Landing Bedroom Three, with en-suite Bedroom Four, with en-suite Bedroom Five, with en-suite

Second Floor:

Bedroom Six, with en-suite


Small frontage and pleasant garden to the rear.



Conditions of Sale The Conditions of Sale will be deposited at the offices of the auctioneers and vendors solicitors/licensed conveyancers prior to the auction and the purchaser shall be deemed to have knowledge of same whether inspected or not. Any questions relating to them must be raised prior to the auction. Prospective purchasers are advised to check with the auctioneers before the sale that the property is neither sold nor withdrawn.   The purchaser will also be deemed to have read and understood the auction conduct notes printed within the sale catalogue.   A 10% deposit is payable on the fall of the gavel, subject to a minimum of £5,000.   *Guide Prices and Reserve Prices Each property sold is subject to a Reserve Price. The Reserve Price, which is agreed between the seller and the auctioneer just prior to the auction, will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. Both the Guide Price and the Reserve Price can be subject to change up to and including the day of the auction. For a full definition of the Guide Price and the Reserve Price click here.   Energy Performance Certificates EPCs can be viewed in full in the lot information section at the top of this page or in the legal pack.   Note Prospective purchasers will need to register within the auction room before the sale commences. Two items of identity will be required together with an indication of how a contractual deposit will be paid. We do not take cash or cheque deposits. Remote bidding facilities are also available.   Auction Fees The sale of each lot is subject to a buyer’s fee of £1,074 inc VAT (£895 + VAT) (unless otherwise stated in the important notices), payable on the fall of the hammer.   The purchase of this property may include associated fees not listed here. Any additional fees will be confirmed in the legal pack which can be downloaded from our website from the lot information section above. Or to find out more about any additional fees associated with this property please contact the auction office.