Available
Stoke-On-Trent – 6-Bed HMO
477 Etruria Road, Stoke-On-Trent, Staffordshire ST4 6JWFreehold 6-Bed HMO Investment
Price
£300,000
Rent P.A.
£24,420
Yield
ERV: £29,760
Tenure
Freehold
Area
1,280 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- ERV: £29,760 p.a. GIY: 9.92%
- Comprises mid-terrace 6-bedroom HMO (all rooms are en-suite)
- Situated in predominantly residential area with nearby occupiers including Pure Gym (opposite), Takeaway, Pharmacy and more.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
The property comprises two-storey 6-bedroom HMO, newly refurbished to a high standard. All rooms benefit from private en-suite and shared kitchen/living room, as well as communal garden at rear, providing the following accommodation and dimensions:
Ground Floor: 2 en-suite rooms, kitchen/living room
First Floor: 4 en-suite rooms
Total GIA: 119 sq m (1,280 sq ft)
Ground Floor: 2 en-suite rooms, kitchen/living room
First Floor: 4 en-suite rooms
Total GIA: 119 sq m (1,280 sq ft)
Tenancy Description
Room 1 is at present let to an Individual for a term of 6 months from 11th January 2023 at a current rent of £4,800 p.a. Deposit held of £200.
Room 2 is at present let to an Individual for a term of 4 months from 15th January 2022 at a current rent of £4,740 p.a. Deposit held of £92.
Room 3 is at present let to an Individual for a term of 6 months from 16th June 2023 at a current rent of £5,340 p.a. Deposit held of £200.
Room 4 is at present let to an Individual for a term of 6 months from 10th December 2022 at a current rent of £5,100 p.a. Deposit held of £200
Room 6 is at present let to an Individual for a term of 6 months from 19th June 2023 at a current rent of £4,440 p.a. Deposit held of £200.
Room 5 is at present vacant. ERV: £5,340 p.a.
Room 2 is at present let to an Individual for a term of 4 months from 15th January 2022 at a current rent of £4,740 p.a. Deposit held of £92.
Room 3 is at present let to an Individual for a term of 6 months from 16th June 2023 at a current rent of £5,340 p.a. Deposit held of £200.
Room 4 is at present let to an Individual for a term of 6 months from 10th December 2022 at a current rent of £5,100 p.a. Deposit held of £200
Room 6 is at present let to an Individual for a term of 6 months from 19th June 2023 at a current rent of £4,440 p.a. Deposit held of £200.
Room 5 is at present vacant. ERV: £5,340 p.a.
Tenancies & Accommodation
Location Description
The property is conveniently located to the A500 & A34 road networks allowing easy access to Stoke railway station, Newcastle & Hanley town centres, Royal Stoke Hospital & Bet365. Bus stops are located 2 min walk, providing direct links to Newcastle-under-Lyme and Hanley town centres. Situated in predominantly residential area with nearby occupiers including Pure Gym (opposite), Takeaway, Pharmacy and more.