7 bedroom house in Brook Street, Stoke-on-Trent

Description

5 Years Lease Option Opportunity

Readymade 7 Bedroom HMO - Currently being used as a 6 bedroom HMO

Brook Street, Stoke-on-Trent, ST4 1JN

Purchase Price Within 5 Years = £230,000

Rent to Landlord = £1,100 pcm

Finderâ--s Fee = £3,000 + Vat

Potential Gross Income (Fully Let) = £2,217 pcm = £26,604 per annum

CASHFLOW AFTER ALL THE ABOVE COSTS

Managed = £396 pcm = £4,752 per annum

Cashflow Over 5 Years = £23,760

Self Managed = £662 pcm = £7,944 per annum

Cashflow Over 5 Years = £39,720

For a limited time only, we have managed to secure a readymade seven bedroom HMO within proximity to Stoke-on-Trent City Centre.

Please look at the photos and view the video for this property - the property requires modernisation, but has scope to be run as a successful 7 bed HMO.

There is also scope to potentially convert this property into flats - this would be subject to planning.

The property is conveniently situated in a location with great transport connections, close restaurants and pubs, hospitals, primary schools, and all local amenities the city has to offer.
Agent: Property Investor App Limited
Agent Ref: 000061020_121

Ad ID: 1424595017