477 Etruria Road, Stoke-On-Trent, Staffordshire, ST4

Investment Consideration:
Rental Income: £24,420 p.a.
ERV: £29,760 p.a. GIY: 9.92%
VAT is NOT applicable to this property
Comprises mid-terrace 6-bedroom HMO (all rooms are en-suite)
Situated in predominantly residential area with nearby occupiers including Pure Gym (opposite), Takeaway, Pharmacy and more.

Property Description:
The property comprises two-storey 6-bedroom HMO, newly refurbished to a high standard. All rooms benefit from private en-suite and shared kitchen/living room, as well as communal garden at rear, providing the following accommodation and dimensions:
Ground Floor: 2 en-suite rooms, kitchen/living room
First Floor: 4 en-suite rooms
Total GIA: 119 sq m (1,280 sq ft)

Tenancy:
Room 1 is at present let to an Individual for a term of 6 months from 11th January 2023 at a current rent of £4,800 p.a. Deposit held of £200.
Room 2 is at present let to an Individual for a term of 4 months from 15th January 2022 at a current rent of £4,740 p.a. Deposit held of £92.
Room 3 is at present let to an Individual for a term of 6 months from 16th June 2023 at a current rent of £5,340 p.a. Deposit held of £200.
Room 4 is at present let to an Individual for a term of 6 months from 10th December 2022 at a current rent of £5,100 p.a. Deposit held of £200
Room 6 is at present let to an Individual for a term of 6 months from 19th June 2023 at a current rent of £4,440 p.a. Deposit held of £200.
Room 5 is at present vacant. ERV: £5,340 p.a.

Location:
The property is conveniently located to the A500 & A34 road networks allowing easy access to Stoke railway station, Newcastle & Hanley town centres, Royal Stoke Hospital & Bet365. Bus stops are located 2 min walk, providing direct links to Newcastle-under-Lyme and Hanley town centres. Situated in predominantly residential area with nearby occupiers including Pure Gym (opposite), Takeaway, Pharmacy and more.