Potential 4-Bed HMO, Stoke-on-Trent, ST3 4HA, £60,000

25 Carlisle Street, Dresden, Stoke-On-Trent, Staffordshire, ST3 4HA - 43 views - 7 months ago

Sold STC
HMO
ROI: 27%
~93 m²
+11 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£15,000

Stamp Duty & Legal Fees

£3,000

Total Cash In

£18,000

 

 

Cash Out

 

Room Rate

£311

Gross Rent

£1,244

Running Costs/mo

£840

Cashflow/mo

£404

Cashflow/yr

£4,849

ROI

27%

Gross Yield

25%













Property History

Listed for £60,000

September 3, 2024

Sold for £28,950

1996

Sold for £18,500

1996

Sold for £20,000

1995

Floor Plans

Description

  • Attention Investors +
  • Vacant Three Bedroom Mid Terraced House +
  • Quiet and Convenient City District Location +
  • Potential HMO Property +

A three bedroom mid terraced house in a block of three. Situated within a quiet backwater location of Dresden, walking distance to Longton Park and various amenities including takeaway restaurants and public houses situated on the street. Located nearby to Longton town which provides a full extensive range of services and is has convenient road access to the A50/A500.

The property offers investment potential either for rental or commercial opportunities subject to change of use, although an owner occupier purchaser cannot be ruled out due to the good sized bedroom accommodation to the first floor.

The accommodation briefly comprises of a front reception room having direct access from the road and leading to a second rear reception having access to a cellar and staircase to the first floor. There is a small galley kitchen with basic fit units and sink leading to a rear lobby with rear external access door and hot water cylinder cupboard. To the rear of the lobby there is a small three piece suite bathroom.

A landing area to first floor leads to three good size bedrooms in total having a larger footprint than the downstairs due to a full depth flying freehold over the right hand side passageway of the neighbouring property. This includes a most impressive size main bedroom.

At the rear of the property there is side access leading to a further small rear courtyard area with direct rear access via a pedestrian gate. There is useful large public parking area situated directly to the rear of the property.

Agent Details

Follwells Ltd, Newcastle-Under-Lyme

01782 493700

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

Similar Properties

Like this property? Maybe you'll like these ones close by too.