£295,000
Fairfield Road, Chesterfield, S40
- 6 beds
£295,000
- 6 beds
Get a privileged access with Buyer Passport
- Instantly access new properties
- Access off-market properties
- Stand out from other buyers
Buy with a mortgage
Estimate monthly mortgage payment:
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
Get a privileged access with Buyer Passport
- Instantly access new properties
- Access off-market properties
- Stand out from other buyers
INVESTMENT OPPORTUNITY - LICENSED 6 BED HMO - CURRENTLY FULLY LET - FULLY MODERNISED - PASSING RENT OF ?23,600 BUT A POTENTIAL 8.9% GROSS YIELD - STAMP DUTY PAID BY THE OWNER
Having been significantly upgraded by the current owner, this superb investment property offers three stand alone bedrooms, each with wash hand basin, two bedrooms with en-suite facilities and a top floor flat with living room, kitchen, bedroom and en-suite. The property includes a well equipped communal living area, kitchen and bathroom and a well kept decked communal garden area.
Currently fully let, the property offers the chance for an investor to retain the existing tenancies, creating an instant income with the potential to increase rents over time. The property is situated on the outskirts of the town centre, ideal for young professionals or couples.
General
HMO property with six individual bedsits and communal areasGas Central Heating (Worcester combi boiler)Fire doorsHard wired smoke detectorsEmergency exit and emergency lightingGross internal floor area - 187.6 sq m/2019 sq ftCouncil Tax Band - CTenure - Secondary School Catchment Area - Brookfield community School
Existing Tenancies
The property is currently fully let, and a schedule of all tenancies can be provided to interested parties. The current passing rent is ?23,400 per annum, although at least one of the rents is substantially below market value. It is our opinion that the property offers the potential to create an annual income of ?26,160.
Stamp Duty Paid
The seller is offering to pay the buyer the full investor rate of stamp duty for an asking price offer, equivalent to ?11,100. Enquire for further details.
On The Ground Floor
A communal hallway gives access to..,
Entrance Porch
With an inner door leading to the entrance hall.
Ground Floor Bedroom
4.60m x 4.06m (15'1 x 13'4 )A double bedroom with en-suite shower room.
Dining Room
4.22m x 4.09m (13'10 x 13'5 )With fitted wall and base units. Containing six fridges for five of the bedsits.
Kitchen
5.82m x 2.95m (19'1 x 9'8 )Fitted with a range of white high gloss units with complimentary matching work surface.Two, one bowl sinks with mixer taps, two ovens, two four ring gas hobs both with extractors.Space and plumbing for two automatic washing machines.Space for a tumble dryer.Steps lead down to the ...
Rear Bedroom
3.30m x 2.97m (10'10 x 9'9 )A double bedroom with an en-suite shower room.
Cellar
2.72m x 1.78m (8'11 x 5'10 )Used for communal storage.
On The First Floor
A communal landing gives access to
Bedroom
4.29m x 4.19m (14'1 x 13'9 )A double bedroom with sink.
Bedroom
4.09m x 3.05m (13'5 x 10')A double bedroom with a sink.
Bedroom
3.96m x 2.97m (13' x 9'9 )A double bedroom with a sink.
Communal Shower Room
Having a shower cubicle with electric shower, wash hand basin with underneath storage and a low flush WC.
On The Second Floor
With its own access door off the landing, a private staircase leads to..
Attic Bedroom
4.27m x 4.14m (14' x 13'7 )A self contained flat comprising a double bedroom with an en-suite shower room and a living area with a kitchenette.
Outside
On street parking.Courtyard garden with decking.
Your estimated purchase costs
Find out how much it will cost to purchase this property.
Stamp Duty tax
- Mortgage advice and application
- Conveyancing fee
- Homebuyer protection insurance
Do you have property to sell or part exchange?
How can we help you today?
Find out what your
home is worthCheck instantly an estimated value of your homeFind the best
local agentCompare local estate agents based on their performanceGet an Instant
cash offerGet a cash offer for your property in under 48 hours
Area highlights
We’ve gathered data on the property locations to help you get-to-know the local area.
Things you should know
Some useful things about this property we think you should know
Create OneDome account
for a smooth and fast property purchase
- Get a step by step guide on how to purchase or sell a property
- Get an expert mortgage and legal help
- Find the best local agent to sell your property or get an instant cash offer
- Manage property viewings, valuations and alerts
- Get access to off-market properties Create account
Be the first to see the newest properties
Create an alert and we'll email you the latest properties that come to market which match your requirements.