Stoke-on-Trent, ST2 9AZ | Investment Property for Sale | VES-ST2-001

Terraced HMO in Stoke-on-Trent generating £19,200 in rent per annum & a gross yield of 11%

£175,000

7-Unit HMO House

VES-ST2-001

INITIAL INVESTMENT

£79,650

GROSS RENT / YIELD

£19,200 / 11.0%

NET RENT / YIELD

£14,747 / 8.4%

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The property

TENANCY

Vacant

TENURE

Freehold

7 bedrooms

2 bathrooms

2 reception rooms

TBC

Fully Furnished

Property information

  • 7-bedroom HMO split over 2 flats
  • fully furnished
  • 2 shared reception rooms
  • 2 shared bathrooms
  • £19,200 expected annual rental income once fully let
  • EPC rating D

The property is split into two separate flats negating the need for a HMO licence, however is currently on one title which could be changed into two and sold individually in the future.

Note

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

The listings particulars haven't yet been reviewed by the vendor and are therefore not final.

Floorplans

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

The information relating to the property is supplied by the vendor and the latest available at the date of listing.

Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.

Financials

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Rental Income

GROSS RENT PER ANNUM

£19,200

Equivalent of £1,600 per calendar month (PCM).

GROSS RENTAL YIELD

11.0%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£14,747

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

8.4%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£4,453

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Disclaimer

All financial information is provided as a guideline only, is based on estimates and assumptions and is subject to change. Buyers are advised to seek independent financial advice. Capital at risk.

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.

Ruxley Road,

Stoke-on-Trent,

Stoke-on-Trent,

England,

ST2 9AZ

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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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