Staffordshire - 21% Below Market Value 7 Bedroon HMO Split Over 2 Flats - Click for more info

Description

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21% Below Market Value

7 Bedroom HMO Split Over 2 Flats

Ruxley Road, Stoke-On Trent, Staffordshire, ST2 9AZ

Market Value = Circa £190,000

Purchase Price = £150,000

Finders Fee £5,000

Current Income = £19,200 per annum

Potential Income = £27,300 per annum

For a limited time only we have managed to secure a readymade and income producing HMO close to Stoke City Centre.

The property is currently to a company for 12 months who are paying £19,200 per anjum. This is a new agreement, and are due to take occupation from January 2020

The 7 Bed HMO is split over 2 flats.

The property consists of :

7 Bedrooms
2 Reception rooms
2 Shared bathrooms
The property is split into two separate flats negating the need for a HMO licence, however is currently on one title which could be changed into two and sold individually in the future.

If you want to see more deals like this, then please visit the Property Investor website or download the 'Property Investor' app by visiting:

Apple Devices : Search for Property Investor in iOS app store
Android Devices : Search for Property Investor in Googleplay app store

If you are an agent/sourcer and have properties you would like to sell on the Property Investor app work with us get in touch by calling : 01902 773940

Ad ID: 1362912663