Homer Street, Stoke-on-Trent, ST1
- 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
- Rear enclosed yard
Description
The property is currently let at £525 per calendar month, producing an annual rental income of £6,300 and representing a gross yield of 7.00% against the £90,000 asking price.
The accommodation comprises two reception rooms, kitchen, two bedrooms and bathroom, together with an enclosed rear yard. Further benefits include gas central heating via a combination boiler and uPVC double glazing.
Homer Street is conveniently positioned for access to Hanley and Stoke-on-Trent city centre, with a wide range of shops, supermarkets and everyday amenities available locally. The wider area benefits from significant employment and education centres including Royal Stoke University Hospital, University of Staffordshire, Stoke-on-Trent College and Festival Park, helping support an established and diverse private rental market.
Transport connections are readily accessible, with Stoke-on-Trent railway station and the A500 providing connections throughout North Staffordshire and onwards towards the A50 and M6.
The existing rent also provides potential for longer-term rental growth. Wider market evidence indicates higher rents are being achieved and advertised for comparable two-bedroom accommodation across Stoke-on-Trent. Any future rental increase would, of course, be subject to the existing tenancy, applicable legislation, property condition and prevailing market conditions.
For investors seeking an income-producing freehold property at an accessible capital value, 21 Homer Street represents a straightforward opportunity to acquire an established rental asset with immediate income and potential for future rental growth.
KEY FEATURES
TENANT IN SITU
£525 PCM CURRENT RENT
£6,300 ANNUAL RENTAL INCOME
7.00% GROSS YIELD
£90,000 ASKING PRICE
TWO BEDROOMS
TWO RECEPTION ROOMS
FREEHOLD
GAS CENTRAL HEATING
UPVC DOUBLE GLAZING
REAR YARD
EPC RATING D
COUNCIL TAX BAND A
ESTABLISHED ST1 RENTAL LOCATION
POTENTIAL FOR LONGER-TERM RENTAL GROWTH
INVESTMENT SUMMARY
Asking Price: £90,000
Current Rent: £525 PCM
Annual Rental Income: £6,300
Gross Yield: 7.00%
Tenant: In Situ
Tenure: Freehold
EPC: D
Council Tax: Band A
ACCOMMODATION
Ground Floor: Two reception rooms and kitchen.
First Floor: Two bedrooms and bathroom.
Outside: Enclosed rear yard with on-road parking.
RENTAL GROWTH POTENTIAL
The current passing rent of £525 PCM provides an immediate gross yield of 7.00%.
For illustration:
£650 PCM = £7,800 PA = 8.67% gross yield
£700 PCM = £8,400 PA = 9.33% gross yield
These figures are provided for illustration only and do not constitute a rental valuation or guarantee of future income. Any future rent review would be subject to the tenancy, relevant legislation and prevailing market conditions.
SHORT SUMMARY
TENANTED INVESTMENT – £90,000. Two-bedroom freehold terrace currently producing£525 PCM / £6,300 PA, representing a 7.00% gross yield. Tenant in situ, two reception rooms, gas central heating, double glazing and rear yard. Established ST1 rental location with potential for longer-term rental growth.
- 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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Homer Street, Stoke-on-Trent, ST1
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