5 Bed HMO, Stoke-on-Trent, ST4 5HA, £160,000

Munro Street, Stoke-On-Trent, Staffordshire, ST4 5HA - 70 views - 4 months ago

HMO
ROI: 22%
~178 m²
+16 photos

ValuationUndervalued











Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£6,000

Total Cash In

£46,000

 

 

Cash Out

 

Room Rate

£468

Gross Rent

£2,340

Running Costs/mo

£1,510

Cashflow/mo

£830

Cashflow/yr

£9,962

ROI

22%

Gross Yield

18%













Property History

Listed for £160,000

November 27, 2024

Floor Plans

Description

  • HMO PROVIDING FIVE BEDROOMS +
  • SOLD WITH TENANTS IN SITU +
  • TWO ENSUITE BEDROOMS, REMAINING THERE SHARING FAMILY BATHROOM +
  • GENERATING OVER 10% GROSS PER MONTH +

Heywoods Estate Agents present to the market and manage the rental of this impressive five-bedroom, three-bathroom terraced HMO property, located on Munro Street in Stoke-On-Trent, Staffordshire. This property, sold with tenants in situ, provides an exceptional opportunity for investors seeking a high-yielding rental income from day one. Designed to cater to the rental needs of working professionals, the house includes two bedrooms with private en-suite bathrooms, while the remaining three rooms share a well-appointed family bathroom.

The property layout maximizes both space and functionality. On the ground floor, two large bedrooms, both with an en-suite, offer immediate appeal to tenants looking for comfort and privacy. A welcoming communal living room provides a social space for residents, flowing into a spacious, fully-equipped kitchen with ample storage and workspace, ideal for shared use. Additional storage areas and a thoughtfully designed entrance hallway add convenience to the overall layout.

Upstairs, the first floor features three further well-proportioned bedrooms. The shared family bathroom on this level is easily accessible, providing modern amenities for the occupants. Extra storage options in the hallway contribute to a clutter-free, organized living environment.

Currently four of the five bedrooms in this household are occupied by working professionals, this HMO is set up for efficient, hassle-free management. The landlord takes responsibility for essential utilities, including gas, electric, water, WiFi, and council tax, simplifying arrangements for the tenants and enhancing the appeal of the property. A monthly cleaning service is also provided for the communal areas, ensuring a maintained and welcoming environment throughout the property.

Situated in a prime rental area of Stoke-On-Trent, Munro Street benefits from excellent transport links and local amenities.. This property offers both a comfortable living environment for its tenants and a stable, profitable investment for landlords, with a gross yield exceeding 10 percent.

Agent Details

Heywoods, Newcastle-under-Lyme

01782 980166

Next Steps?

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