Curzon Street, Newcastle-under-Lyme

6-Bed HMO Investment | 10.4% Net Return | Fully Tenanted | £38k Gross Income

Guide Price: £315,000

31 Curzon Street, Newcastle-under-Lyme, ST5 0PD

A fully let, professionally occupied 6-bedroom HMO generating £38,512.

Residential Estates is pleased to present this substantial 6-bedroom HMO investment opportunity in the highly regarded Basford area of Newcastle-under-Lyme.

The property has been comprehensively transformed into a high-quality, fully furnished HMO, designed and finished to a standard that is notably above the typical shared accommodation offering. Currently fully occupied by professional tenants, the property provides an established income stream from day one.

With a gross annual rental income of £38,512, the property offers an attractive approximately 10..4% net return at the reduced asking price of £315,000.

KEY INVESTMENT HIGHLIGHTS
* 6-bedroom HMO
* Fully tenanted by professionals
* £38,512 gross annual income
* Approximately 10.4% net return at £315,000
* Average tenancy length of nearly 2 years
* Impeccable tenancy history
* Current waiting list of prospective tenants
* 4 en-suite bedrooms
* 2 bedrooms sharing a large bathroom
* Fully furnished and finished to a high standard
* Private garden and terrace
* Freehold
* EPC Rating D
* Sold as a going concern
* Established management arrangement
* No requirement for an immediate refurbishment or furnishing programme


A TURNKEY HMO INVESTMENT
31 Curzon Street is not your standard HMO.

The property has been transformed into a stylish and comfortable home, with quality finishes and furnishings throughout. The emphasis has been on creating accommodation that feels like a genuine home rather than conventional shared housing.

This approach has helped the property attract and retain professional tenants, with the current average tenancy length standing at nearly two years and an impeccable tenancy history.

The property is being offered fully finished and furnished, allowing a new investor to acquire an established HMO investment with tenants already in place.


STRONG LOCATION
The property is situated in Basford, Newcastle-under-Lyme, an established residential suburb within the ST5 postcode.

Its location provides convenient access to Newcastle-under-Lyme, Stoke-on-Trent and the surrounding employment and education hubs.

The property is positioned on a major bus route and is approximately 5 minutes from Newcastle bus station and 10 minutes from Hanley and Stoke-on-Trent city centre.

The University Hospitals of North Midlands are within walking distance, while Festival Park is also easily accessible.

The property is approximately a 5-10 minute drive from both Staffordshire University and Keele University, providing access to two significant local education hubs.

The combination of employment, education, transport links and local amenities supports continued demand for quality professional accommodation in the area.


THE PROPERTY
The large mid-terrace property has been comprehensively converted and furnished to provide six comfortable bedrooms.

Four bedrooms benefit from their own en-suite facilities, while the remaining two bedrooms share a large bathroom.

The property also benefits from a private garden and terrace, providing valuable communal and outdoor space for residents.

The house has been carefully designed to provide a comfortable living environment, helping it stand apart from more basic HMO accommodation.


INCOME & TENANCIES
The property is currently fully occupied by professional tenants.

Gross annual income: £38,512
Asking price: £315,000
Indicative net return: approximately 10.4%

The property has an established tenancy history, with an average tenancy length of nearly two years.

There is also currently a waiting list of prospective tenants, providing further evidence of demand for the accommodation.

The property is currently managed by the seller.


IDEAL FOR INVESTORS
This represents an opportunity to acquire an established HMO investment without the usual work associated with taking a property from purchase through refurbishment, furnishing and tenanting.

The property is being sold fully finished, furnished and tenanted, providing an immediate income-producing investment.

With an established tenant base, strong tenancy history, professional occupancy and an attractive net return, 31 Curzon Street would suit both experienced HMO investors and investors looking to add a turnkey property to an existing portfolio.

Reduced to £315,000.

Freehold.

Sold as a going concern.

Early viewing is recommended.

Tenure: Freehold