2 Bedroom Terraced House For Sale in Stoke-on-Trent, ST1
| Price | £ 90,000 |
| Reference | 53977 |
| Address |
Homer Street, Stoke-on-Trent, ST1 (Map Location) |
| Beds | 2 |
| Baths | 1 |
| Type | Terraced house |
| Tenure | Freehold |
TENANTED BUY-TO-LET INVESTMENT £525 PCM £6,300 PA 7.00% GROSS YIELD £90,000 An established two-bedroom buy-to-let investment situated within the popular ST1 Hanley/ Northwood area and offered for sale with a tenant already in situ, providing the purchaser with rental income from completion.
Description
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.
View the EPC for this property