stamp duty: £6,250
mortgage fees: £1,500
conveyancing fees: £1,000
1 reception room
This property comes with a designated parking space in the carport and is in walking distance from the Royal Stoke University Hospital.
Prices in ST4 have increased 26% over the last 5 years (+5% in last 12 months) and are £115k (based on 12 months average) and vary by property type (£66k for a 1-bed flat to £449k for a 5-bed detached property).
On average, there have been 82 properties sold per month in the area in the last 12 months.
In comparison, prices in the wider ST area have increased by 2% in the last 12 months and are £148k (£75k for a 1-bed flat to £350k for a 5-bed detached property).
Rents in ST4 are now at £472 per month (-3%) based on 12 months average.
On average, there have been 86 properties listed for rent per month in the area in the last 12 months.
Given prices in the area, gross yield is currently 5.3% which is higher than the national average of 4.7% and the wider ST area of 5%. This property is currently achieving a gross yield of 5.5% which is 4% higher than the area,
Source: REalyse - 11/04/2019
£9,540 p.a. / £795 pcm
TENANCY AGREEMENT STARTED
19 months ago
TENANCY AGREEMENT ENDS
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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.
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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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