21, Homer Street, Stoke-on-Trent, ST1 3NZ

Property number 53977.

Enquire through Zoopla's messaging system and we'll respond within 5 minutes, 24/7 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.