Lot 1 - 217 Waterloo Road, Stoke-on-Trent, Staffordshire, ST6 2HS
- Unconditional Online Auction Sale
- Guide Price* : £210,000+
- Bedrooms: 7
- Bathrooms: 7
- Reception Rooms: 1
A tenanted seven bedroom, seven bathroom HMO let to working professionals producing £40,632 per annum when fully tenanted
Description
• Freehold mid-terrace house
• 7 bedrooms, 5 ensuites and 2 other bathrooms
• Communal kitchen, dining space and reception room
• Fully managed HMO in a prime location
• Current rental income of £34,632 per annum
• Rental income of £40,632 per annum when fully let
• Representing an impressive gross yield of 19.3% on guide when fully let
• Sui Generis planning permission in place
Location
Situated on the well-connected Waterloo Road in Stoke-on-Trent, the property benefits from convenient access via the A50 and A500. Providing direct routes to Burslem town centre and Stoke-on-Trent city centre. The area appeals to key workers and professionals due to its proximity to Royal Stoke University Hospital and Staffordshire University. Set within a well-established residential area, it is close to a range of local amenities including shops, schools, and parks.
Transport links are provided by both Longport and Stoke-on-Trent Rail Stations.
Planning
Planning granted through Stoke-on-Trent City Council: Ref Stoke/63296/FUL | (14-11-2018)
Change of use from dwellinghouse (C3) to 7 person house of multiple occupation (Sui Generis)
HMO Compliance
- HMO Licence
- EICR (Electrical Installation Condition Report)
- Fire Risk Assessment
- Emergency Lighting Test
- Fire Alarm Test Certificate
- Gas Safety Certificate
- Legionella Risk Assessment
Copies of these documents can be found within the legal pack
Accommodation
| Room Number | Floor | Accommodation | Tenancy Info | Rent Per Annum |
|---|---|---|---|---|
| 1 | Ground | En-suite HMO room with access to communal kitchen and dining space | 6 month AST | £4,836 |
| 2 | Ground | En-suite HMO room with access to communal kitchen and dining space | 6 month AST | £6,000 |
| 3 | First | En-suite HMO room with access to communal kitchen and dining space | 6 month AST | £6,600 |
| 4 | First | En-suite HMO room with access to communal kitchen and dining space | 6 month AST | £4,800 |
| 5 | First | HMO room with access to bathroom, communal kitchen and dining space | Advertised to let | £6,000 |
| 6 | Second | En-suite HMO room with access to communal kitchen and dining space | 6 month AST | £6,096 |
| 7 | Second | HMO room with access to bathroom, communal kitchen and dining space | 6 month AST | £6,300 |
Vendors Solicitor
* Guide Prices are provided as an indication of each seller's minimum expectation (also known as the 'Reserve Price'). This is not necessarily a figure which a property will sell for and may change at any time prior to the auction. Every property will be offered subject to a Reserve Price (this is the sellers minimum expectation) which will be set within either a Guide Range or no more than 10% above a single figure Guide Price.
The Buyers Administration Fee of £1,500 (inclusive of VAT) is a separate charge payable in addition to the price a Lot sells for. In addition, the Guide Price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.
To participate in the sale, HMO X Auctions must hold a minimum amount from all bidders. This participation amount and administration fee are fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £5,000 comprises £3,500 relating to your bidder security (which forms part of your 10% deposit payment) and the buyers administration fee of £1,500 (inclusive of VAT).
Please note that Lots may be sold or withdrawn prior to auction without prior notice.
Any information provided by HMO X Auctions or the seller, whether in writing or orally, does not constitute a representation, condition, or warranty. The information given is for illustrative purposes only and should not be considered as fact. Any mistakes, omissions, inaccuracies, or mis-descriptions in the information provided will not give rise to any legal action or compensation against HMO X Auctions or the seller.
All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of HMO X Auctions or the seller.
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