- TO BE SOLD VIA MODERN AUCTION +
- HOUSE SHARE +
- FOUR DOUBLE BEDROOM'S +
- SHARED KITCHEN AND BATHROOM +
- 12% YEILD +
- £1400 PCM INCOME +
- CITY CENTRE LOCATION +
- EPC GRADE E +
- COUNCIL TAX BAND A +
* To Be Sold Via Modern Auction *
Reeds Rains are pleased to present this high yielding attractive terraced house. The property is a four bedroom HMO, with a shared bathroom & downstairs WC, also a separate living area and kitchen diner and study room. Lounge could be used as another bedroom if desired. On street parking and council car park opposite. Small yard to rear, small garden to front. The property is located in the heart of Stoke on Trent town centre and has great access to all amenities within walking distance. It is situated in the north west of the Midlands and is home to many nationwide businesses, such as Michelin, JCB, Vodafone and Bet365. Stoke on Trent train station is 1.7 miles away and multiple bus routes can be found on the property's doorstep. Stoke university is also 1.4 miles away. A great investment property offering a 12% Gross Yield and a gross income of £16,800 PA. Also has attached outbuildings with outside toilet and storage with potential to convert into more living space/another bathroom.
Income PCM;
Room 1 £350.00 / Room 2 £350.00 / Room 3 £350.00 / Room 4 £350.00.
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 buyer 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.
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.
HAN240174/2