4 Bed HMO, Stoke-on-Trent, ST4 6EF, £170,000

Victoria Street, Basford, ST4 6EF - 8 views - 5 months ago

Under Offer
HMO
ROI: 14%
~129 m²
+18 photos

ValuationUndervalued

Sold Prices£114.5K - £499.9K
Sold Prices/m²£1.1K/m² - £3.5K/m²

 

 

Square Metres

~129.26 m²
Price/m²£1.3K/m²

Value Estimate

£212,500
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£42,500

Stamp Duty & Legal Fees

£6,300

Total Cash In

£48,800

 

 

Cash Out

 

Room Rate

£489

Gross Rent

£1,956

Running Costs/mo

£1,375

Cashflow/mo

£581

Cashflow/yr

£6,976

ROI

14%

Gross Yield

14%

Local Sold Prices

36 sold prices from £114.5K to £499.9K, average is £254.5K. £1.1K/m² to £3.5K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£224K07/230.03 mi60, Sackville Street, Stoke-on-trent ST4 6HX4
£182K02/210.09 mi2, Kings Terrace, Stoke-on-trent ST4 6EB4
£330K05/240.2 mi19, Newton Street, Stoke-on-trent ST4 6JN4
£300K02/210.2 mi6, Stanley Grove, Newcastle, Staffordshire ST5 0PJ4
£499.9K11/200.23 mi9, West Avenue, Newcastle, Staffordshire ST5 0NB4
£415K04/210.24 mi11, The Avenue, Newcastle, Staffordshire ST5 0ND4
£295K11/200.33 mi6, Walleys Drive, Newcastle, Staffordshire ST5 0NG4
£249K03/230.49 mi27, The Avenue, Stoke-on-trent ST4 6BW4
£286.5K05/210.5 mi34, Lancaster Road, Newcastle, Staffordshire ST5 1DS4
£329.9K04/210.5 mi17, Lancaster Road, Newcastle, Staffordshire ST5 1DS4
£391K03/210.53 mi52, Albany Road, Stoke-on-trent ST4 6QX4
£246K06/230.58 mi19, Somerville Avenue, Newcastle, Staffordshire ST5 0LJ4
£215K02/240.62 mi34, Florence Street, Newcastle, Staffordshire ST5 2BJ4
£130K03/230.64 mi20, Vessey Terrace, Newcastle, Staffordshire ST5 1LS4
£270K05/210.64 mi10, Stratford Avenue, Newcastle, Staffordshire ST5 0JS4
£143K11/220.65 mi35, Boatman Drive, Stoke-on-trent ST1 5PD4
£235K06/210.67 mi12, Watersedge Grove, Stoke-on-trent ST1 5GG4
£266K06/240.7 mi88, Princes Road, Stoke-on-trent ST4 7JL4
£195K09/210.74 mi8, Honeywood, Newcastle, Staffordshire ST5 9PT4
£222.5K08/230.75 mi25, Moreton Parade, Newcastle, Staffordshire ST5 0JD4
£210K02/210.81 mi1, Fairlawns, Newcastle, Staffordshire ST5 9PX4
£230K05/230.81 mi33, Quarry Avenue, Stoke-on-trent ST4 7EW4
£260K06/230.83 mi8, Beech Grove, Newcastle, Staffordshire ST5 9NN4
£114.5K04/210.9 mi9, Hill Street, Newcastle, Staffordshire ST5 2DW4
£220K01/240.92 mi32, Lionel Grove, Stoke-on-trent ST4 6RW4
£355K11/220.93 mi2, Lakewood Grove, Stoke-on-trent ST1 5RH4
£316.2K07/230.95 mi7, Whalley Avenue, Stoke-on-trent ST4 5ND4
£420K07/210.96 mi21, Whalley Avenue, Stoke-on-trent ST4 5ND4
£290K10/200.96 mi38, Whalley Avenue, Stoke-on-trent ST4 5NE4
£227.5K04/230.96 mi25, Valley View, Newcastle, Staffordshire ST5 3FB4
£245.4K06/230.96 mi41, Valley View, Newcastle, Staffordshire ST5 3FB4
£214K06/240.96 mi49, Valley View, Newcastle, Staffordshire ST5 3FB4
£321K02/230.98 mi17, Franklin Road, Stoke-on-trent ST4 5DS4
£290K02/210.99 mi1, Balcombe Close, Newcastle, Staffordshire ST5 2DX4
£320K01/210.99 mi8, Balcombe Close, Newcastle, Staffordshire ST5 2DX4
£222K07/210.99 mi35, Richmond Street, Stoke-on-trent ST4 7DZ4

Local Area Statistics

Population in ST4

56,870

Population in Stoke-on-Trent

347,755

Town centre distance

2.76 miles away

Nearest school

0.30 miles away

Nearest train station

1.33 miles away

 

 

Rental demand

Balanced market

Rental growth (12m)

+8%

Sales demand

Seller's market

Capital growth (5yrs)

+23%

Property History

Listed for £170,000

November 20, 2024

Sold for £97,000

2013

Floor Plans

Description

  • GREAT INVESTMENT PROPERTY +
  • GARAGE +
  • CURRENTLY LET - £23460 PA +
  • GREAT LOCATION +
  • GREAT TRANSPORT LINKS +
  • CLOSE TO HOSPITAL +
  • SELF CONTAINED GROUND FLOOR FLAT +
  • X3 BED SITS WITH ENSUITES +

Set over three floors, this spacious property features a front entrance hall with a self contained ground floor flat boasting a living room/dining kitchen, bedroom and separate bathroom on the ground floor with access to the courtyard garden via a useful lean to. - not to mention an excellent-sized cellar.

There is also a bedsit to the ground floor consisting of bedroom with ensuite shower room.

Moving upstairs, there are two more bedsits with ensuite facilities and a communal breakfast kitchen.

Outside to the rear there is a low maintenance courtyard with garage accessed from the rear. and a storage shed. This area is accesses by the ground floor flat only.

Currently let with yield of £23,460 pa, this non HMO property could also be used as a home with an income, should a buyer wish to live on the premises .

Enjoying an elevated position on Victoria Street, this imposing period property retains many original features yet has been modernised and improved by the current owners. With an ornate exterior and charm rarely seen in your standard investment property. Bedsits are currently let at £460 pcm each. Ground floor 1 bed flat let at £575 pcm.

With easy access to both Hanley and Newcastle town centres, in addition to being walking distance to The Royal Stoke Hospital, make this an ideal rental property for Landlords. All the shops, supermarkets, coffee shops, restaurants and theatres are all on your doorstep and ideal for commuters.

Entrance Hall
Steps up to front door. Minton tiled floor. Coat hooks. Keypad entry to Bedsit 1. Staircase to first floor. Key pad entry to Flat 2.
Bedsit 1
13`4 x 11`2
UPVC double glazed bay window. Radiator. Ensuite shower room.
Self Contained Flat
Bedroom
13`3 x 11`2
UPVC double glazed window to rear elevation . Radiator.
Lounge/Dining Kitchen
14`2 x 8`8
Modern fitted units with complimentary work tops. Stainless steel sink unit. Plumbing for washer. Electric oven and gas hob. UPVC double glazed window to side elevation . Radiator. Access to cellar. Door to lean to.
Bathroom
8`8 x 5`6
Comprising panel bath , pedestal wash hand basin and wc fitted in white. Part tiled walls. UPVC double glazed window to rear elevation . Radiator.
Lean To
Useful covered seating area with light and power. Door onto rear yard.
Cellar
19`3 x 14`4
Stone steps leading from kitchen. Useful storage space. Window to front elevation.
Rear of Property
Surfaced rear yard with wood store/shed and garage accessed from rear street.
First Floor Landing
Keypad entry doors to Bedsit 2 and 3. Access to communal kitchen.
Bedsit 2
14`4 x 12`1
Two UPVC double glazed windows to front elevation. Radiator. Ensuite shower room with UPVC window to front elevation,.
Bedsit 3
12`5 x 8`8
UPVC double glazed window to rear elevation. Radiator. Ensuite shower room.

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Agent Details

Critchlow Estate Agents, Newcastle-under-Lyme

01782 493386

Next Steps?

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