Key info
4Bedrooms
0Bathrooms
85 sqmSize
Property description
Strategy: HMO
Investment Consideration:
Gross Initial Yield: 10.10%
Rental Income: £28,188 p.a.
VAT is NOT applicable to this property
Comprises mid-terrace 4-bed HMO (all rooms ensuite)
Newly converted to a very high standard
Situated within short walk from the town centre with occupiers nearby including Sainsbury`s Superstore, Gym, Restaurants and more.
Property Description:
Mid-terrace house newly converted to a high standard 4-bed HMO. Each room is fully furnished with double bed, desk, chair, and large wardrobe. The property also benefits from communal garden at rear, providing the following accommodation and dimensions:
Ground Floor: 2 en-suite bedrooms, communal kitchen/dining
First Floor: 2 en-suite bedrooms
Total GIA: 85 sq m (915 sq ft)
Tenancy:
Room 1 is at present let to on AST to an Individual for a term of 12 Months from 1st September 2024 at a current rent of £7,260 p.a. Deposit held of £605.
Room 2 is at present let to on AST to an Individual for a term of 12 Months from 13th August 2024 at a current rent of £6,228 p.a. Deposit held of £519.
Room 3 is at present let to on AST to an Individual for a term of 12 Months from 2nd September 2024 at a current rent of £6,900 p.a. Deposit held of £575.
Room 4 is at present let to on AST to an Individual for a term of 12 Months from 12th February 2024 at a current rent of £7,800 p.a. Deposit held of £650.
Location:
Newcastle-under-Lyme is a market town and the administrative centre of the Borough of Newcastle-under-Lyme in Staffordshire, England. The town is served by the M6 motorway to the south and west of Newcastle and by the A500 road to the north and east. There are access points from the M6 at junctions 15 and 16, to the south and north respectively. The A34 trunk road runs through Newcastle from north to south and was the main road between Birmingham and Manchester until the M6 motorway opened. There is a large bus station in the town centre. The property is located within short walk from the town centre with occupiers nearby including Sainsbury`s Superstore, Gym, Restaurants and more.
Sourced reference: 156324059
Location
Disclaimer
Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.
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