4 bed terraced house

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4 bed terraced house

Broad Street, Stoke-On-Trent, 2 ST5
£270,000

Our Summary

  • •Rental Yield: Will calculate and include (gross and potential

Description

This 4-bedroom HMO property in Staffordshire is being sold for £270,000 as a quick sale. The property generates a gross annual income of £28,188 from its four tenants, who are mostly students and young professionals. The property features modern design, high-speed Wi-Fi, and private ensuites in each bedroom. The current tenancies are generating a total of £27,360 per annum, with each room rented out for between £519 and £650 per month. The property has a gross rental yield of 10.44% and a net ROI of 7.62% after accounting for management fees and estimated maintenance costs. The seller is seeking a quick sale, and Red Panda Homes is offering professional management services at a discounted rate of 12%.