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Part Tenanted 5 Bed Licenced HMO – ERV Approximately £19,800 pa
Location Located at the end of a row of traditional terrace houses on the west side of Princes Road at its junction with Stone Street, within a predominantly residential area of Hartshill approximately 0.5 miles mile to the west of Stoke-on-Trent town centre. The larger centre of Hanley is approximately 2 miles to the north east. Royal Stoke University Hospital is approximately 1 mile to the west whilst Staffordshire University and Stoke-on-Trent Railway station are both approximately 1 mile to the east. Description Early 1900s end of terrace house over ground and first floors of traditional brick construction under a multi pitched slate covered roof. There is a ground floor extension to the rear. The property is fitted with gas fired central heating and the windows are uPVC double glazed. To the rear there is a paved garden/yard area which includes a garage accessed from Stone Street.
See Legal Pack
Ground Floor: Hallway, Kitchen, two bedrooms, shower-room, WC and boiler room First Floor: Landing, store cupboard and 3 en-suite bedrooms Basement Utility / Laundry Room
We are informed that 3 of the rooms are currently let – 2 first floor rooms at £350 pcm and 1 ground floor room at unconfirmed rent but which is thought to be £300pcm. No tenancy agreements have been provided. If fully let, we consider that the property has the potential to generate a gross income of circa £19,800 per annum. We have calculated this by attributing £350 per month per ensuite bedroom to the first floor and £300 per month per ground floor room (which share a bathroom).. We understand the Property is not Listed and is not within the Hartshill Conservation Area.
Energy Efficiency Rating (EPC)
Current Rating E
Stoke on Trent City Council
Buyer's Premium - 1.2% inc VAT of the purchase price payable on exchange of contracts.
Administration Charge - 1.2% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.