Birch Street, Stoke-on-Trent

Spacious and compliant 4-bedroom HMO property (freehold) for sale in Stoke-on-Trent. Sold with the tenants (long-term, no arrears) in situ, the property is currently self-managed and generates £19,500.00 gross rental income per annum. Approximate operating costs (detailed breakdown below) are approximately £5,112.00 per annum resulting in a NET rental income of £14,388.00 per annum.

This is a well-maintained and compliant HMO which has been professionally run since the full refurbishment in 2019. It is well finished, so a good standard throughout and this has resulted in a low turnover of tenants with the current management.

• 4 Spacious Double Bedrooms (4 with modern en-Suite bathrooms)
• Generating approx. £19,500 gross annual income (£1,625 PCM gross)
• Approx. £14,388 net annual income (£1,199 PCM net)
• HMO licence in place
• Finished to a high standard throughout
• Modern fitted kitchen with ample storage & appliances
• Strong established rental demand – long term tenants in situ
• Central Stoke-on-Trent location
• Excellent transport links nearby
• Ready-made turnkey investment opportunity

Room Breakdown:

• Room 1 – £411.67 PCM
• Room 2 – £390.00 PCM
• Room 3 – £368.33 PCM
• Room 4 – £455 PCM

Annual Outgoings:

• Gas and electricity – £2,136 per annum
• Internet – £335.76 per annum
• Water – £729.72 per annum
• Council Tax – £1,452 per annum
• Total Monthly Outgoings – £5,112 per annum

Financial Snapshot

Purchase Price: £160,000
Gross Income: £1,625 PCM / £19,50 per annum
Net Income: Approx. £1,199 pcm / £14,388 per annum
Net Yield: 9.00%