2 bed terraced house for sale

Homer Street, Stoke-On-Trent ST1

Property number 53977. Enquire through Zoopla's messaging system and we'll respond within 5 minutes, 24/7

The property is currently let at £525 per calendar month, producing an annual rental income of £6,300 and representing a gross yield of 7.00% against the £90,000 asking price.

The accommodation comprises two reception rooms, kitchen, two bedrooms and bathroom, together with an enclosed rear yard. Further benefits include gas central heating via a combination boiler and uPVC double glazing.

Homer Street is conveniently positioned for access to Hanley and Stoke-on-Trent city centre, with a wide range of shops, supermarkets and everyday amenities available locally. The wider area benefits from significant employment and education centres including Royal Stoke University Hospital, University of Staffordshire, Stoke-on-Trent College and Festival Park, helping support an established and diverse private rental market.

Transport connections are readily accessible, with Stoke-on-Trent railway station and the A500 providing connections throughout North Staffordshire and onwards towards the A50 and M6.

The existing rent also provides potential for longer-term rental growth. Wider market evidence indicates higher rents are being achieved and advertised for comparable two-bedroom accommodation across Stoke-on-Trent. Any future rental increase would, of course, be subject to the existing tenancy, applicable legislation, property condition and prevailing market conditions.

For investors seeking an income-producing freehold property at an accessible capital value, 21 Homer Street represents a straightforward opportunity to acquire an established rental asset with immediate income and potential for future rental growth.
Key features


✓ tenant in situ

✓ £525 pcm current rent

✓ £6,300 annual rental income

✓ 7.00% gross yield

✓ £90,000 asking price

✓ two bedrooms

✓ two reception rooms

✓ freehold

✓ gas central heating

✓ UPVC double glazing

✓ rear yard

✓ EPC rating D

✓ council tax band A

✓ established ST1 rental location

✓ potential for longer-term rental growth
Investment summary


Asking Price: £90,000

Current Rent: £525 pcm

Annual Rental Income: £6,300

Gross Yield: 7.00%

Tenant: In Situ

Tenure: Freehold

EPC: D

Council Tax: Band A
Accommodation


Ground Floor: Two reception rooms and kitchen.

First Floor: Two bedrooms and bathroom.

Outside: Enclosed rear yard with on-road parking.
Rental growth potential


The current passing rent of £525 pcm provides an immediate gross yield of 7.00%.

For illustration:

£650 pcm = £7,800 pa = 8.67% gross yield

£700 pcm = £8,400 pa = 9.33% gross yield

These figures are provided for illustration only and do not constitute a rental valuation or guarantee of future income. Any future rent review would be subject to the tenancy, relevant legislation and prevailing market conditions.
Short summary


Tenanted investment – £90,000. Two-bedroom freehold terrace currently producing£525 pcm / £6,300 pa, representing a 7.00% gross yield. Tenant in situ, two reception rooms, gas central heating, double glazing and rear yard. Established ST1 rental location with potential for longer-term rental growth.