• 4 Bed HMO Property +
• Annual Gross Rental Income Of £20,100.00 +
• No HMO License Required Due To Falling Below 5 Bed Threshold +
• Net Yield Return Of 10.8% +
• Freehold Property +
• Over 1,000 Sqft +

The property has undergone some refurbishment to secure a high rental return on each bedroom. Consisting of four bedrooms, (three on the first floor and one on the ground floor), a large family bathroom with separate bath and shower, kitchen and a living room. All four rooms at the time of advertising are tenanted and are generating a monthly income of £1,675.00 per calendar month. The current landlord self manages the property so a new buyer would either have to continue managing the property themselves are look to instruct a local letting agent. We haven't included monthly management fees in the calculations as a result of this, so this is something to bear in mind. Property spans over one thousand square feet and has off road parking. Due to the property only being a four bedroom HMO the property does not need a HMO license as Stockton-On-Tees council require a HMO license on 5 beds or more.

INVESTMENT INFORMATION

CASH PURCHASE FAVOURABLE

Full address: 34 St Peters Road, Stockon-On-Tees TS18 3JL
Asking price: £120,000.00
Tenure: Freehold
Service charge: N/A
Ground rent: N/A
Current rental income: £1,675.00pcm (£20,100.00 per annum)
Outgoing costs per month
Electricity & Gas per month: £100.00
Water: £25.00
Broadband: £35.00
Council Tax: £130.00
Insurance: £40.00
Cleaner: £130.00
Total: £460.00
Gross yield: 16.75%
Net yield: 12.15%

Bedrooms: 4
Bathrooms: 1
Comes with the current furniture
Tenure: Freehold
Sqft: 1,031
Parking: Off road parking
Rear back yard space