Guide price
£90,000
1 bed flat for saleShelton New Road, Stoke-On-Trent ST4
1 bed
1 bath
1 reception
EPC Rating: D
Retirement
Auction
Freehold
About this property
Close to hospital
Close to shops
Desirable area
Double Glazing
Fitted Bathroom
Fitted Kitchen
Public Transport Links Nearby
Suit Professionals
Suitable for Students
Well Presented
Description
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £300.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.
Tenanted Property - 418 Shelton New Road (Flats 1-2), Hartshill, Stoke-on-Trent ST4 6DR
Starting Price: £90,000
High-Yield Investment Opportunity - 14.00% Gross Rental Yield
An excellent opportunity to acquire an income-generating residential investment comprising two self-contained one-bedroom flats at 418 Shelton New Road, Stoke-on-trent, ST4 6DR
Arranged over the ground and first floors, the property offers two separate residential units, combining practical accommodation with an attractive investment proposition for landlords seeking to maximise rental income from a single acquisition.
Currently generating a combined rental income of £1,050 per calendar month (£12,600 per annum), the property offers an impressive 14.00% gross annual rental yield, based on the £90,000 starting price.
With tenants already in place, investors can benefit from established rental income, making this an appealing addition to an existing portfolio or an attractive opportunity for those looking to enter the buy-to-let market.
The vendor is offering the property for sale as a genuine retirement sale, presenting a fantastic opportunity for a new owner to take over this established rental investment.
Interested investors are encouraged to make further enquiries and undertake their own due diligence regarding tenancy agreements, property condition and ongoing costs.
Council Tax Band: A (Newcastle under Lyme Council )
Tenure: Freehold
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £300.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.
Tenanted Property - 418 Shelton New Road (Flats 1-2), Hartshill, Stoke-on-Trent ST4 6DR
Starting Price: £90,000
High-Yield Investment Opportunity - 14.00% Gross Rental Yield
An excellent opportunity to acquire an income-generating residential investment comprising two self-contained one-bedroom flats at 418 Shelton New Road, Stoke-on-trent, ST4 6DR
Arranged over the ground and first floors, the property offers two separate residential units, combining practical accommodation with an attractive investment proposition for landlords seeking to maximise rental income from a single acquisition.
Currently generating a combined rental income of £1,050 per calendar month (£12,600 per annum), the property offers an impressive 14.00% gross annual rental yield, based on the £90,000 starting price.
With tenants already in place, investors can benefit from established rental income, making this an appealing addition to an existing portfolio or an attractive opportunity for those looking to enter the buy-to-let market.
The vendor is offering the property for sale as a genuine retirement sale, presenting a fantastic opportunity for a new owner to take over this established rental investment.
Interested investors are encouraged to make further enquiries and undertake their own due diligence regarding tenancy agreements, property condition and ongoing costs.
Council Tax Band: A (Newcastle under Lyme Council )
Tenure: Freehold
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Monthly repayment
£450 per month
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