Property Details
£199,950
4 bedrooms
Legge Street, Newcastle-under-Lyme
FULLY TENANTED | £24K INCOME | VALUE-ADD OPPORTUNITY
£24,000 Per Annum Gross Income
An excellent income-producing investment property, this spacious 4-bedroom House in Multiple Occupation is ideally situated in Newcastle-Under-Lyme, within easy reach of the University Hospital of North Midlands.
Investment Highlights:
Gross annual income: £24,000
Average room rent: £500 per calendar month
Fully tenanted and generating immediate returns
Prime location near major employment hub
Scope to add value with refurbishment
Recently upgraded electrics and boiler
Accommodation:
4 double bedrooms, all fully furnished
2 bathrooms (one recently modernised)
Kitchen with facilities for 4 tenants
Small lounge/prep area
Rear yard for bikes and washing facilities
External access to downstairs cellar offering conversion potential
Property Features:
This spacious HMO offers solid rental returns with room for enhancement. While the property would benefit from some TLC to maximise its features, it presents an excellent opportunity for investors to add value through refurbishment whilst maintaining existing income. The recently modernised bathroom demonstrates the potential throughout, and the external cellar access offers exciting possibilities for further development, subject to planning.
Location Benefits:
The property enjoys an enviable position close to the University Hospital of North Midlands, one of the region's largest employers, ensuring consistent demand from healthcare professionals, support staff, and hospital workers. Newcastle-Under-Lyme town centre, with its excellent shopping facilities, transport links, and amenities, is also within easy reach.
Investment Potential:
Perfect for experienced HMO investors seeking a value-add opportunity with existing cashflow. The combination of established tenancies, strong rental yields, and enhancement potential makes this an attractive proposition for portfolio growth.
Tenure: Freehold
Garden details: Terrace
Electricity supply: Mains
Heating: Gas Mains
Water supply: Mains
Sewerage: Mains
£24,000 Per Annum Gross Income
An excellent income-producing investment property, this spacious 4-bedroom House in Multiple Occupation is ideally situated in Newcastle-Under-Lyme, within easy reach of the University Hospital of North Midlands.
Investment Highlights:
Gross annual income: £24,000
Average room rent: £500 per calendar month
Fully tenanted and generating immediate returns
Prime location near major employment hub
Scope to add value with refurbishment
Recently upgraded electrics and boiler
Accommodation:
4 double bedrooms, all fully furnished
2 bathrooms (one recently modernised)
Kitchen with facilities for 4 tenants
Small lounge/prep area
Rear yard for bikes and washing facilities
External access to downstairs cellar offering conversion potential
Property Features:
This spacious HMO offers solid rental returns with room for enhancement. While the property would benefit from some TLC to maximise its features, it presents an excellent opportunity for investors to add value through refurbishment whilst maintaining existing income. The recently modernised bathroom demonstrates the potential throughout, and the external cellar access offers exciting possibilities for further development, subject to planning.
Location Benefits:
The property enjoys an enviable position close to the University Hospital of North Midlands, one of the region's largest employers, ensuring consistent demand from healthcare professionals, support staff, and hospital workers. Newcastle-Under-Lyme town centre, with its excellent shopping facilities, transport links, and amenities, is also within easy reach.
Investment Potential:
Perfect for experienced HMO investors seeking a value-add opportunity with existing cashflow. The combination of established tenancies, strong rental yields, and enhancement potential makes this an attractive proposition for portfolio growth.
Tenure: Freehold
Garden details: Terrace
Electricity supply: Mains
Heating: Gas Mains
Water supply: Mains
Sewerage: Mains
Map
Whilst every effort is made to ensure the accuracy of these details, it should be noted that the measurements are approximate only. Floorplans are for representation purposes only and prepared according to the RICS Code of Measuring Practice by our floorplan provider. Therefore, the layout of doors, windows and rooms are approximate and should be regarded as such by any prospective purchaser. Any internal photographs are intended as a guide only and it should not be assumed that any of the furniture/fittings are included in any sale. Where shown, details of lease, ground rent and service charge are provided by the vendor and their accuracy cannot be guaranteed, as the information may not have been verified and further checks should be made either through your solicitor/conveyance. Where appliances, including central heating, are mentioned, it cannot be assumed that they are in working order, as they have not been tested. Please also note that wiring, plumbing and drains have not been checked.
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