Acquired
Newcastle-under-Lyme – 6 Bedroom HMO
31 Belgrave Road, Newcastle-under-Lyme ST5 1LRFreehold 6-Bed HMO Investment
Investment Consideration
- Comprises mid-terrace 6-bed HMO (all rooms ensuite)
- Newly converted to a very high standard
- Located within walking distance from Keele University Hospital, Newcastle Under-Lyme town centre, and exercise4less gym
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
The property comprises newly converted to a high standard 6-bed HMO. Ground floor provides large lounge with 55` smart TV and fully fitted kitchen with dining area. The upper parts comprises 6 ensuite bedrooms, fully furnished with double bed, orthopedic mattress , desk and chair, TV, large wardrobe and bathroom. The property also benefits from large communal garden at rear and a large cellar for storage.
Tenancy Description
Room 1 is at present let to on AST to an Individual for a term of 11 Months from 7th September 2021 at a current rent of £6,600 p.a. Deposit held of £550.
Room 2 is at present let to on AST to an Individual for a term of 12 Months from 8th October 2021 at a current rent of £7,140 p.a. Deposit held of £595.
Room 3 is at present let to on AST to an Individual for a term of 11 Months from 28th August 2021 at a current rent of 7,140 p.a. Deposit held of £595.
Room 4 is at present let to on AST to an Individual for a term of 11 Months from 28th September 2021 at a current rent of £4,260 p.a. Deposit held of £355.
Room 5 is at present let to on AST to an Individual for a term of 11 Months from 31st July 2021 at a current rent of £6,228 p.a. Deposit held of £519.
Room 6 is at present let to on AST to an Individual for a term of 11 Months from 17th August 2021 at a current rent of £7,140 p.a. Deposit held of £595.
Room 2 is at present let to on AST to an Individual for a term of 12 Months from 8th October 2021 at a current rent of £7,140 p.a. Deposit held of £595.
Room 3 is at present let to on AST to an Individual for a term of 11 Months from 28th August 2021 at a current rent of 7,140 p.a. Deposit held of £595.
Room 4 is at present let to on AST to an Individual for a term of 11 Months from 28th September 2021 at a current rent of £4,260 p.a. Deposit held of £355.
Room 5 is at present let to on AST to an Individual for a term of 11 Months from 31st July 2021 at a current rent of £6,228 p.a. Deposit held of £519.
Room 6 is at present let to on AST to an Individual for a term of 11 Months from 17th August 2021 at a current rent of £7,140 p.a. Deposit held of £595.
Tenancies & Accommodation
Location Description
Newcastle-under-Lyme is a market town and the administrative centre of the Borough of Newcastle-under-Lyme in Staffordshire, England. The town is served by the M6 motorway to the south and west of Newcastle and by the A500 road to the north and east. There are access points from the M6 at junctions 15 and 16, to the south and north respectively. The A34 trunk road runs through Newcastle from north to south and was the main road between Birmingham and Manchester until the M6 motorway opened. There is a large bus station in the town centre. The property is located within walking distance of Keele University Hospital site, Newcastle Under-Lyme town centre, and exercise4less gym.