Hobby Way, Cannock
- PROPERTY TYPE
House
- BEDROOMS
6
- BATHROOMS
4
- SIZE
1,863 sq ft
173 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- 6 SPACIOUS BEDROOMS
- 2 EN-SUITE BEDROOMS
- 2 SHARED SHOWER ROOMS WITH DUAL SINKS & STORAGE
- HIGH OCCUPANCY RATE: 96.20%
- MONTHLY RENTAL INCOME: £3,515
- GROSS RENT £42,180 - NOI £31,910 PER YEAR
- GROSS YIELD: 10.7% - 8.5% NOI YIELD
- OFF-STREET PARKING & GARAGE
- CLOSE TO LOCAL AMENITIES & TRANSPORT LINKS
- COMPREHENSIVE EXPENSES BREAKDOWN FOR NOI
Description
Located in the sought-after WS11 area, this fully licensed 6-bedroom HMO offers an exceptional investment opportunity with reliable, consistent returns. The property generates a gross rental income of £3,515/month (annual gross rent: £42,180), achieving a net operating income (NOI) of £31,910 annually. With 2 en-suites and 2 shared shower rooms—each with dual washbasins and storage—this property meets all modern living requirements.
Key features include a 96.20% occupancy rate and an impressive EPC rating of C (potential B), ensuring both tenant appeal and energy efficiency. Fully licensed, this HMO represents a secure, future-proof investment.
FINANCIAL BREAKDOWN:
Monthly Rental Income:
£3,515
Annual Gross Rent:
£42,180
Annual Operating Costs (Fully Comprehensive):
Utilities: £4,493
Council Tax: £2,660
Broadband: £785
Cleaning: £1,800
TV Licence: £170
Fire Alarm Servicing: £50
EICR (annualised): £10
PAT Testing (estimated): £50
Gas Safety Certificate: £70
HMO Licence (Cannock, annualised): £182
Total Annual Costs:
£10,270
Net Operating Income (NOI):
£42,180 (gross rent) – £10,270 (costs) = £31,910
What’s included in the NOI?
The NOI figure takes into account all operational and compliance costs, not just basic expenses, offering a complete view of the property’s profitability. This includes utilities, council tax, broadband, cleaning, TV licence, fire alarm servicing, EICR, PAT testing, gas safety certification, and HMO licence fees.
Gross Yield:
Based on the purchase price of £395,000:
Gross Yield: 10.7% (calculated as £42,180 annual rent / £395,000 purchase price)
Don’t miss out on this high-yield, fully licensed HMO in a sought-after area. Contact us today to schedule a viewing or find out more – your next great investment is waiting!
Brochures
Hobby Way, CannockBrochure- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: E
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Off street
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Hobby Way, Cannock
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Visit our security centre to find out moreDisclaimer - Property reference 34166519. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Re/Max Elite, Walsall. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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