Description

INVESTMENT OPPORTUNITY – A furnished and fully equipped Licensed HMO with four letting rooms producing potential gross income of 24,400 GBP per annum. Communal lounge, kitchen, utility, basement gym, shower room and parking in a convenient location close to the city centre. EPC Rating – 67|D.

This end of terrace property was subject to a “back to bare brick” renovation in approximately 2000. It now provides well proportioned plain plastered accommodation which has been licensed as a HMO with four letting bedrooms currently producing an annual gross income of £24,400 when fully let. Last years’ expenses were approximately £6,500. In addition to the letting rooms the communal fully equipped facilities include a hall, stairs and landing; bay windowed lounge with view across to the Parish Church Tower; fully equipped kitchen and utility rooms; first floor shower room; semi basement gym and store room. Outside there is a side drive and rear hard surfaced leisure area. The property is gas centrally heated and PVCu double glazed.

Location

The property is situated less than half a mile from the city centre and all amenities.

Constructed

of brick-faced external walls beneath a re-slated roof.

The Accommodation

(with approximate room dimensions taken from Architects drawings) on The Ground Floor comprises :-

Entrance Hall

Communal Lounge

13′ 0” x 15′ 6” (3.96m x 4.72m) into bay window.

Bedroom 1

15′ 0” x 9′ 6” (4.57m x 2.89m)

Communal Kitchen

14′ 6” x 10′ 0” (4.42m x 3.05m)Fitted with modern white laminate fronted units incorporating cooking appliances.

Utility Room

6′ 6” x 6′ 0” (1.98m x 1.83m)

On The Lower Ground Floor

Semi Basement Room 1

17′ 0” x 13′ 3” (5.18m x 4.04m)

Semi Basement Room 2

13′ 6” x 15′ 3” (4.11m x 4.64m)with external access door and current use as a Gymnasium.

On The First Floor

Landing

to:

Bedroom 2

13′ 6” x 10′ 6” (4.11m x 3.20m)

Bedroom 3

14′ 6” x 9′ 9” (4.42m x 2.97m)

Bedroom 4

10′ 6” x 9′ 6” (3.20m x 2.89m)

Shower Room

Fitted with a three piece white suite including an over-size shower tray.

Study/Store Room

Outside

Small front garden area. Side driveway to a brick paved rear Leisure Area.

Services

All mains services are connected subject to statutory regulations. The central heating is a conventional radiator system effected by the “Worcester” combination gas fired boiler situated in the Utility Room.

Tenure

Freehold. Subject to Tenancies.

Viewing

By prior appointment with the Agents.

Council Tax Band

The property is valued in Band “C”.

EPC

EPC Rating – 67|D.

Directions

For satellite navigation use the post code LL13 8EA. Follow the inner ring road past the Swimming Pool, Tesco and the rear of Eagles Meadow to a roundabout at which take the second exit. Turn almost immediately left onto Derby Road continuing down the hill and about half way up the other side when No. 40 will be seen on the left.

View Floorplans

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