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

Munro Street, Stoke-On-Trent, Staffordshire, ST4 5HA - 127 views - a year ago
Sold STC
HMO
ROI: 20%
~178 m²
Property image
Property image

ValuationUndervalued

Sold Prices£175K - £850K
Sold Prices/m²£1.3K/m² - £3.5K/m²

 

 

Square Metres

~178.28 m²
Price/m²£897/m²

Value Estimate

£196,800
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,900

Total Cash In

£49,900

 

 

Cash Out

 

Room Rate

£464

Gross Rent

£2,320

Running Costs/mo

£1,505

Cashflow/mo

£815

Cashflow/yr

£9,775

ROI

20%

Gross Yield

17%

Local Sold Prices

31 sold prices from £175K to £850K, average is £445K. £1.3K/m² to £3.5K/m², average is £2.4K/m².

Price
Date
Distance
Address
Beds
 
£500K08/230.16 mi67, James Street, Stoke-on-trent ST4 5HR5
£375K12/240.66 mi29, Simonburn Avenue, Penkhull, Stoke-on-trent ST4 5JR5
£175K04/231.13 mi140, Boughey Road, Stoke-on-trent ST4 2BB5
£250K09/231.35 mi1, Tansy Way, Newcastle, Staffordshire ST5 3FD5
£525K09/231.38 mi3, Whitehouse, Clayton, Newcastle, Staffordshire ST5 4FB5
£475K10/231.47 mi16, The Squirrels, Newcastle, Staffordshire ST5 4HZ5
£400K01/251.5 mi17, The Brambles, Newcastle ST5 4JJ5
£390K02/231.51 mi26, Waveney Grove, Newcastle, Staffordshire ST5 3PN5
£317.5K08/211.54 mi76, Ferndown Drive, Newcastle, Staffordshire ST5 4BP5
£445K12/231.56 mi9, Newton Street, Stoke-on-trent ST4 6JN5
£393K06/231.81 mi44, Dartmouth Avenue, Newcastle, Staffordshire ST5 3NY5
£240K07/251.89 mi13, Browning Road, Blurton, Stoke-on-trent ST3 4BZ5
£435K06/211.92 mi10, Bluebell Drive, Newcastle, Staffordshire ST5 3UD5
£425K05/211.96 mi1, Fenners Grove, Stoke-on-trent ST4 8FH5
£535K05/251.99 mi15, Ash Way, Newcastle ST5 3UB5
£535K05/251.99 mi15, Ash Way, Newcastle ST5 3UB5
£250K07/211.99 miThe Bungalow, The Uplands, Newcastle, Staffordshire ST5 0TS5
£540K10/232.01 mi14, Sneyd Avenue, Newcastle, Staffordshire ST5 2PP5
£505K10/232.12 mi169, Longton Road, Stoke-on-trent ST4 8BT5
£475K05/212.16 mi11, Naples Drive, Newcastle, Staffordshire ST5 2QD5
£325K06/212.18 mi68, Sneyd Avenue, Newcastle, Staffordshire ST5 2PY5
£405K02/232.18 mi66, Sneyd Avenue, Newcastle, Staffordshire ST5 2PY5
£580K10/212.2 mi2, Maitland Grove, Stoke-on-trent ST4 8GX5
£550K06/212.24 mi24, Collinbourne Close, Stoke-on-trent ST4 8GU5
£600K07/232.24 mi1, Collinbourne Close, Stoke-on-trent ST4 8GU5
£515K11/212.25 mi12, Leyfield Road, Stoke-on-trent ST4 8HQ5
£850K02/252.3 miWoodseaves, Allensway, Newcastle ST5 3SY5
£450K11/212.39 mi3, Castel Close, Newcastle, Staffordshire ST5 3EG5
£435K06/232.39 mi10, Castel Close, Newcastle, Staffordshire ST5 3EG5
£467.5K02/242.39 mi15, Guernsey Drive, Newcastle ST5 3BQ5
£402.5K02/232.81 mi31, Woodland Avenue, Newcastle, Staffordshire ST5 8AZ5

Local Area Statistics

Population in ST4

56,870

Population in Stoke-on-Trent

347,755

Town centre distance

3.39 miles away

Nearest school

0.50 miles away

Nearest train station

0.99 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-29%

Sales demand

Seller's market

Capital growth (5yrs)

+35%

Property History

Listed for £160,000

November 27, 2024

Floor Plans

Property image

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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