GROSS RENT / YIELD
£9,540 / 5.5%
NET RENT / YIELD
£7,327 / 4.2%
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
9 months ago
TENANCY AGREEMENT ENDS
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.
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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.
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.
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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