Stoke-on-Trent, ST10 1DF | Investment Property for Sale | VES-ST10-001

Opportunity to purchase a house in Stoke generating £6,480 rent pa & gross yield of 5.6%

£115,000

Terraced House

VES-ST10-001

INITIAL INVESTMENT

£34,700

Based on

deposit: £28,750

stamp duty: £3,450

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£6,480

GROSS YIELD

5.6%

ADD TO FAVOURITES

Long-term tenant

Tenants that stay for long periods feel they have a stake in the property and are more likely to treat it as though it was theirs.

Benefits include:

  • Steady income
  • Minimised wear and tear
  • Fewer void periods

The property

TENANCY

Tenanted

TENURE

Freehold

2 bedrooms

1 bathroom

2 reception rooms

926

Unfurnished

Property information

  • Spread over 2 floors
  • 2 x double bedrooms
  • Bathroom
  • Living room
  • Dining room
  • Kitchen, with access to the rear yard
  • Utility room
  • Downstairs WC
  • Off-street parking for 1 car at the front of the house
  • EPC rating D
  • Council tax band A
  • Monthly rental income £540
  • Tenants have been in situ since 2019

Location information

  • The property is located in the Cheadle area of Stoke-on-Trent
  • Cheadle centre is a 5-minute walk from the property
  • Local amenities can easily be reached on foot
  • Easy access to the local road network

Note

Please note that Vesta has not visited this property and the vendor has provided all material.

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Stoke-on-Trent, West Midlands

Stoke-on-Trent is a city in the county of Staffordshire in the West midlands of England. The city is situated 15.1 miles south east of Crewe, 20.3 miles south of Macclesfield and 33.5 miles west of Derby.

This area is serviced by Stoke-on-Trent railway station which is a mainline railway station on the West coast main Line and is managed by Virgin Trains. Virgin Trains offers fast train routes to London Euston and another service to Milton Keynes Central both of which are non-stop. Northern operates two services along the Stoke-Manchester Line, of which Stoke acts as the terminus station. East Midland Trains operate services along the Crewe to Derby Line.

The main shopping centre in this city is the Potteries Shopping Centre, which houses around 90 stores and restaurants. Major popular high street brands such as Next, New Look, Gap, HMV all have shops here.

The city has an array of cultural attractions in the area known as The Cultural Quarter, here one can find The Potteries Museum & Art Gallery, the Regent Theatre and the Victoria Hall. Smaller venues such as the Dazed Gallery and AirSpace provide the city’s only contemporary art gallery spaces.

Stoke-on-Trent city council is the biggest employer in the city, followed by the Royal Stoke University Hospital which employs over 7,00 members of staff alone. There are several large employers in town and around 9,000 firms, including bet365, a large Vodafone call centre. Other large employers such as the Michelin tyre company which has a complex in the city including its commercial office, training centre and a truck tyre re-treading facility. The Co-Operative Pharmacy and Sainsbury’s supermarket both have large warehouses in the city.

Cecilly Street,

Cheadle,

Stoke-on-Trent,

Staffordshire,

England,

ST10 1DF

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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