4 bed terraced house for sale

Broad Street, Stoke-On-Trent, 2 ST5

Overview

•Type: 4-Bed HMO (House in Multiple Occupation)

•Price: £270,000 (off-market quick sale)

•Rental Income: £28,188 per annum (£2,349 monthly)

•Rental Yield: Will calculate and include (gross and potential

net ROI).

•Target Tenants: Students and young professionals, ideally

attending Keele University, Staffordshire University, or

working at the Royal Stoke Hospital.

Key Features

•Ensuite Rooms: Each bedroom features a private

ensuite for enhanced comfort and privacy.

•Modern Design: Sleek and stylish interiors tailored for

contemporary living.

•High-Speed Wi-Fi: Complimentary for all tenants, ideal

for work and leisure.

•Professional Management Available: Offered by Red

Panda Homes at a discounted rate of 12%.
Current tenancies


Total: 4 tenants
Accommodation


Current rent £ pcm

• Room No 1 £ 605.00pcm |

Deposit held of £550

• Room No 2 £ 519.00 pcm |

Deposit held of £560

• Room No 3 £ 575.00 pcm |

Deposit held of £560

• Room No 4 £ 650.00 pcm |

Deposit held of £610

total: £27,360 p.a.

Financial Overview

Gross Annual Income: £28,188

Asking Price: £270,000

Gross Rental Yield: 10.44%

Net ROI: 7.62% (after accounting for management fees and

estimated maintenance costs).

Estimated stamp duty £11,600

this value is based on income only, however this is A registed HMO not licesed as not required unless 5 or more by local authority, it may not fall under A commercail value and it may fall under A bricks and mortar valuation, this could mean if you are mortgaging A defict may happen that will need to be made up.

The seller has set the price, Red Panda Homes has not determind the market appraisal (we are honouring the sellers value for this property)

Bedroom

Ensuite

Bedroom

Ensuite

Bedroom

Ensuite

Bedroom

Ensuite

Kitchen

Living Room

Bathroom (2.00m x 1.00m, 6'6" x 3'3")

Ensuite

Bathroom (2sqm)

Ensuite

Bathroom (2sqm)

Ensuite

Bathroom (2sqm)

Ensuite