Property for sale in Beechville, Albany Road, Newcastle-Under-Lyme ST5
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Property features
- 8 Bed 4 Ensuite HMO with Commercial Unit
- Managing Agent In Situ
- Great Investment Opportunity
- Gross Income £54,237.60 pa
- Gross Yield 12.91%
- 2% Plus Vat Buyer's Fee
Property description
Introducing a fantastic opportunity to purchase this 8 bed HMO and a well established commercial unit in Newcastle-Under-Lyme, Staffordshire. Offering great add value potential, the property offers 8 well sized bedrooms, four of which are ensuite, two further bathrooms, two communal kitchens, a communal living room and an additional WC. There is also a commercial unit which is currently rented to a well established hair salon.
The property is generously sized and has the addition of character features, adding to it's overall charm, thus creating comfortable and welcoming, functional communal areas, as well as generous private bedroom spaces.
Newcastle-under-Lyme has a good variety of shops, restaurants, and cafes, as well as leisure facilities and essential amenities nearby and is only a 15 minute walk to the town centre. The property is easily connected with nearby cities such as Stoke-on-Trent, Birmingham, and Wolverhampton, offering tenants a diverse range of employment and leisure options.
Income;
Room 1 - £535.00 / Room 2 - £370.00 / Room 3 - £370.00 / Room 4 - £550.00 / Room 5 - £445.00 / Room 6 - £450.00 / Room 7 - £420.00 / Room 8 - £375.00
Commercial unit - £1,004.80
Total Income £4,519.80 pcm / £54,237.60 pa
Expenditure;
Gas - £523.00 / Electric - £211.00 / Water - £94.48 / Council Tax - £263.00 / TV License - £13.25 / Broadband - £61.75 / Cleaner - £56.00 / Management -£421.80
Total £1,644.28 pcm / £19,731.36 pa
*Gas and electric calculations are averages across 12 months
Property info
For more information about this property, please contact
Invest in HMOs, HD8 on +44 1484 973126 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Invest in HMOs, and do not constitute property particulars. Please contact Invest in HMOs for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.