2 bed terraced house for sale

Derry Street, Stoke-On-Trent ST4

Property number 53818. Enquire through Zoopla's messaging system and we'll respond within 5 minutes, 24/7

Offered for sale with the benefit of a tenant in occupation, the property currently produces a rental income of £525 per calendar month (£6,300 per annum), providing income from completion. Based upon the asking price of £90,000, the property offers an approximate gross rental yield of 7.00%.

The accommodation is comprised of two reception rooms, a fitted kitchen and a ground-floor bathroom, together with two bedrooms to the first floor. Externally, the property benefits from an enclosed rear yard.

Heron Cross is a well-established residential location offering convenient access to local amenities, schools, Royal Stoke University Hospital, Staffordshire University and the wider Stoke-on-Trent conurbation. The area also benefits from good road connections via the A50, A500 and M6 motorway network.

This property may appeal to investors seeking a buy-to-let opportunity with an existing tenancy already in place.

Key Features

✓ Tenant in Situ

✓ Current Rental Income: £525 pcm

✓ Annual Rental Income: £6,300

✓ Approximate Gross Yield: 7.00% at Asking Price

✓ Asking Price: £90,000

✓ Two-Bedroom Mid-Terrace Property

✓ Two Reception Rooms

✓ Fitted Kitchen

✓ Ground Floor Bathroom

✓ Enclosed Rear Yard

✓ EPC Rating D

✓ Established Residential Location

✓ Convenient Access to Royal Stoke University Hospital

✓ Good Transport Links via A50, A500 & M6

✓ Immediate Rental Income from Completion

Investment Overview

The property is being sold with the benefit of an existing tenancy, allowing a purchaser to receive rental income from completion.

At the current rental level of £525 pcm, the property generates £6,300 per annum, representing an approximate gross yield of 7.00% based on the asking price.

Prospective purchasers should undertake their own due diligence regarding tenancy arrangements, local market rents, operating costs and future investment performance.

Illustrative Yield Scenarios

Monthly Rent Annual Income Gross Yield at £90,000

£525 pcm £6,300 7.00%

£600 pcm £7,200 8.00%

£650 pcm £7,800 8.67%

The above figures are illustrative only and do not constitute a guarantee of future rental income or investment performance.

Location

Derry Street is situated within Heron Cross, a residential area located approximately two miles south of Stoke-on-Trent City Centre.

The area offers a range of day-to-day amenities including local shops, supermarkets, cafés, takeaways and schooling. More extensive retail, leisure and entertainment facilities are available within Stoke town centre, Hanley and Longton.

The property is conveniently positioned for access to Royal Stoke University Hospital, Staffordshire University, Stoke-on-Trent College and a range of major employment centres throughout North Staffordshire.

Excellent transport links are available via the A50, A500 and M6 motorway network, providing access to Stafford, Crewe, Newcastle-under-Lyme and the wider Midlands region.

Accommodation

Ground Floor

• Reception Room

• Reception Room

• Kitchen

• Bathroom

First Floor

• Bedroom One

• Bedroom Two

Outside

• Enclosed Rear Yard

Property Information

Asking Price: £90,000

Current Rent: £525 pcm

Annual Rental Income: £6,300

Gross Yield: Approximately 7.00%

Tenure: Freehold

EPC Rating: D

Council Tax Band: A

Disclaimer

These particulars are intended as a general guide only and do not form part of any offer or contract. All descriptions, measurements, tenure information, rental figures and investment calculations should be independently verified by prospective purchasers and their professional advisers. Rental yields quoted are gross figures and do not take account of management costs, maintenance, insurance, void periods, finance costs or taxation.