2 bed Flat For Sale £90,000
Yieldit are delighted to offer onto the market this delightful two bedroom already tenanted investment opportunity. Situated in Norton Heights, the apartment briefly comprises of:- entrance hall, two good sized bedrooms, fully fitted kitchen, spacious living room, family bathroom and parking space.
Stoke-on-Trent City Centre has seen significant new developments delivered over the past few years, which is regenerating and rejuvenating the city landscape. The city is now planning the next stage of major redevelopment in the heart of the city centre. As part of our plan to emphasise the importance of place, the subsequent phase will deliver a vibrant new entertainment development area.
Stoke-on-Trent has fantastic transport links with the M6 and A500 servicing a large proportion of the country.
ST6 is a relatively popular area with 971 transactions recorded in the past 12 months, which is 480.9% higher than the national average of 167. This is also 16% lower than the year prior which had 1156 transactions.
The price growth in Stoke-on-Trent is higher than the national average, with the 2 year growth at 15.1 times the national average. Compared to other areas, ST6 is a relatively inexpensive area, with an average price -63.1% lower than the national average. The average house price in Stoke-on-Trent, ST6 is £123,045 and the average rent is £916.
Please note: Images shown are of number 14 and may not be representative of the property for sale.
Financial Breakdown
Gross rent: £5,700
Ground rent: £280
Service charge: £912
Lettings fees: £684
Net income: £3,824
Gross yield: 6.33%
Net yield: 4.25%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-17203
Stoke-on-Trent City Centre has seen significant new developments delivered over the past few years, which is regenerating and rejuvenating the city landscape. The city is now planning the next stage of major redevelopment in the heart of the city centre. As part of our plan to emphasise the importance of place, the subsequent phase will deliver a vibrant new entertainment development area.
Stoke-on-Trent has fantastic transport links with the M6 and A500 servicing a large proportion of the country.
ST6 is a relatively popular area with 971 transactions recorded in the past 12 months, which is 480.9% higher than the national average of 167. This is also 16% lower than the year prior which had 1156 transactions.
The price growth in Stoke-on-Trent is higher than the national average, with the 2 year growth at 15.1 times the national average. Compared to other areas, ST6 is a relatively inexpensive area, with an average price -63.1% lower than the national average. The average house price in Stoke-on-Trent, ST6 is £123,045 and the average rent is £916.
Please note: Images shown are of number 14 and may not be representative of the property for sale.
Financial Breakdown
Gross rent: £5,700
Ground rent: £280
Service charge: £912
Lettings fees: £684
Net income: £3,824
Gross yield: 6.33%
Net yield: 4.25%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-17203
