ContactPosting for 2+ years
7 bedroom house in Brook Street, Stoke-on-Trent
- 10 hours ago
- Seller Type
- Date Available
- 16 May 2022
- Property Type
- Number Of Bedrooms
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
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