Stoke-on-Trent, Staffordshire
£160,000Guide Price
For more information please contact our team:
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 1 – £411.67 PCM
• Room 2 – £390.00 PCM
• Room 3 – £368.33 PCM
• Room 4 – £455 PCM
• 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
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%
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Property Price
Mortgaged
Cash Purchase
Deposit
£0.00
£160,000.00
Sourcing Fees
£3,000.00
£3,000.00
Legal Fees
Stamp Duty
Cash Invested
Property Rent
Rental Per Month
£1,625.00
£1,625.00
Rental Income PA
£19,500.00
£19,500.00
Mortgage Details
Interest Only Rate
N/A
Mortgage Balance
N/A
Annual Interest Cost
N/A
Property Management
I would like this property managed on my behalf
Management Fee Rate
Management Fee PA
£0.00
£0.00
Growth Assumptions
Capital Growth P/A
Rental Growth P/A
Year 1 - Return on Investment
Annual Gross Profit
£0.00
£0.00
ROCE Year 1
0%
0%
Year 2 - Return on Investment
Retnal Income
£0.00
£0.00
Property Valuation
£0.00
£0.00
Management Fee
£0.00
£0.00
Gross Profit
£0.00
£0.00
ROCE Year 2
0%
0%
Year 3 - Return on Investment
Retnal Income
£0.00
£0.00
Property Valuation
£0.00
£0.00
Management Fee
£0.00
£0.00
Gross Profit
£0.00
£0.00
ROCE Year 3
0%
0%
Year 4 - Return on Investment
Retnal Income
£0.00
£0.00
Property Valuation
£0.00
£0.00
Management Fee
£0.00
£0.00
Gross Profit
£0.00
£0.00
ROCE Year 4
0%
0%
Year 5 - Return on Investment
Retnal Income
£0.00
£0.00
Property Valuation
£0.00
£0.00
Management Fee
£0.00
£0.00
Gross Profit
£0.00
£0.00
ROCE Year 5
0%
0%
Compounded ROI after 5 Years
Cash Invested
£0.00
£0.00
Interest Paid
£0.00
N/A
Rent Received
£0.00
£0.00
Management Fee Paid
£0.00
£0.00
Gross Profit
£0.00
£0.00
ROCE After 5 Years
0%
0%
Growth in Property Value
£0.00
£0.00
Overall Return on Investment
5 Year Combined Gross Profit + Growth in Property Value
£0.00
0%
£0.00
0%
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