34 St Peters Road

The property has undergone some refurbishment to secure a high rental return on each bedroom. Consisting of four bedrooms, (three on the first floor and one on the ground floor), a large family bathroom with separate bath and shower, kitchen and a living room. All four rooms at the time of advertising are tenanted and are generating a monthly income of £1,675.00 per calendar month. The current landlord self manages the property so a new buyer would either have to continue managing the property themselves are look to instruct a local letting agent. We haven’t included monthly management fees in the calculations as a result of this, so this is something to bear in mind. Property spans over one thousand square feet and has off road parking. Due to the property only being a four bedroom HMO the property does not need a HMO license as Stockton-On-Tees council require a HMO license on 5 beds or more.

INVESTMENT INFORMATION

• Full address: 34 St Peters Road, Stockon-On-Tees TS18 3JL
• Asking price: £120,000.00
• Tenure: Freehold
• Service charge: N/A
• Ground rent: N/A
• Current rental income: £1,675.00pcm (£20,100.00 per annum)
• Outgoing costs per month
• Electricity & Gas per month: £100.00
• Water: £25.00
• Broadband: £35.00
• Council Tax: £130.00
• Insurance: £40.00
• Cleaner: £130.00
• Total: £460.00
• Gross yield: 16.75%
• Net yield: 12.15%
• Bedrooms: 4
• Bathrooms: 1
• Comes with the current furniture
• Tenure: Freehold
• Sqft: 1,031
• Parking: Off road parking
• Rear back yard space

Video - 34 St Peters Road