Derry Street, Stoke-on-Trent, ST4 3BD
- PROPERTY TYPE
Terraced
- BEDROOMS
2
- BATHROOMS
1
- SIZE
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- 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
- Central heating
- Double glazed
- Garden
Description
Offered for sale with the benefit of a tenant in occupation, the property currently produces a rental income of £525 per calendar month (£6,300 per annum), providing income from completion. Based upon the asking price of £90,000, the property offers an approximate gross rental yield of 7.00%.
The accommodation is comprised of two reception rooms, a fitted kitchen and a ground-floor bathroom, together with two bedrooms to the first floor. Externally, the property benefits from an enclosed rear yard.
Heron Cross is a well-established residential location offering convenient access to local amenities, schools, Royal Stoke University Hospital, Staffordshire University and the wider Stoke-on-Trent conurbation. The area also benefits from good road connections via the A50, A500 and M6 motorway network.
This property may appeal to investors seeking a buy-to-let opportunity with an existing tenancy already in place.
Key Features
Tenant in Situ
Current Rental Income: £525 PCM
Annual Rental Income: £6,300
Approximate Gross Yield: 7.00% at Asking Price
Asking Price: £90,000
Two-Bedroom Mid-Terrace Property
Two Reception Rooms
Fitted Kitchen
Ground Floor Bathroom
Enclosed Rear Yard
EPC Rating D
Established Residential Location
Convenient Access to Royal Stoke University Hospital
Good Transport Links via A50, A500 & M6
Immediate Rental Income from Completion
Investment Overview
The property is being sold with the benefit of an existing tenancy, allowing a purchaser to receive rental income from completion.
At the current rental level of £525 PCM, the property generates £6,300 per annum, representing an approximate gross yield of 7.00% based on the asking price.
Prospective purchasers should undertake their own due diligence regarding tenancy arrangements, local market rents, operating costs and future investment performance.
Illustrative Yield Scenarios
Monthly Rent Annual Income Gross Yield at £90,000
£525 PCM £6,300 7.00%
£600 PCM £7,200 8.00%
£650 PCM £7,800 8.67%
The above figures are illustrative only and do not constitute a guarantee of future rental income or investment performance.
Location
Derry Street is situated within Heron Cross, a residential area located approximately two miles south of Stoke-on-Trent City Centre.
The area offers a range of day-to-day amenities including local shops, supermarkets, cafés, takeaways and schooling. More extensive retail, leisure and entertainment facilities are available within Stoke town centre, Hanley and Longton.
The property is conveniently positioned for access to Royal Stoke University Hospital, Staffordshire University, Stoke-on-Trent College and a range of major employment centres throughout North Staffordshire.
Excellent transport links are available via the A50, A500 and M6 motorway network, providing access to Stafford, Crewe, Newcastle-under-Lyme and the wider Midlands region.
Accommodation
Ground Floor
• Reception Room
• Reception Room
• Kitchen
• Bathroom
First Floor
• Bedroom One
• Bedroom Two
Outside
• Enclosed Rear Yard
Property Information
Asking Price: £90,000
Current Rent: £525 PCM
Annual Rental Income: £6,300
Gross Yield: Approximately 7.00%
Tenure: Freehold
EPC Rating: D
Council Tax Band: A
Disclaimer
These particulars are intended as a general guide only and do not form part of any offer or contract. All descriptions, measurements, tenure information, rental figures and investment calculations should be independently verified by prospective purchasers and their professional advisers. Rental yields quoted are gross figures and do not take account of management costs, maintenance, insurance, void periods, finance costs or taxation.
- 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.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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