Property Investor - Wolverhampton - Ref: 194

Property Information

Ref ID: 194

Date available: 11-May-2022

Furnishing: Not Specified

Property type: House of Multiple Occupation

 

Details

5 Years Rent 2 Rent Opportunity

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

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

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.