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Property Listing Details

Property details

  • 1 bedroom
  • 1 bathroom
  • 1 reception room

Listing view statistics

Last 30 days: 142 page views

Description

Tenanted investment property - not suitable for owner-occupiers

Beautiful one bedroom apartment which offers open plan living space with a modern, high quality kitchen. The property has secure gated parking and is an excellent investment opportunity, the apartment comprises of entrance hallway; open plan lounge with fully fitted kitchen and all appliances included, double bedroom with double glazed window; three piece family bathroom with shower over bath. The property has gas central heating and UPVC double glazing throughout. Externally the property benefits from secure gated off road parking.

Being just 10 minutes from Stoke city centre, Burslem is an great commuter belt for young professionals working in the city centre. With shops, bars and restaurants on its doorstep, it makes for an excellent investment for both a healthy yield as well as potential for capital appreciation.

Prices in Stoke-on-Trent have increased over the past 12 months and are now at £149k on average. There have been 11,381 properties sold in the area over the past year which represents 4% of the properties in the area. As well as house price increases, rents in Stoke-on-Trent have increased over the past 12 months and are now at £559 per month. Given prices in the area, the average yield is currently 4.8% which is higher than the national average of 4.7%.

The time to invest in Stoke-on-Trent is now!

Financial Breakdown

Gross rent: £5,040
Ground rent: £130
Service charge: £1,543
Lettings fees: £472
Net income: £2,895
Gross yield: 9.25%
Net yield: 5.31%

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-14532

You could get

Fast broadband Fast broadband

Up to 24 Mbps (Source: Ofcom)

Map & Nearby

Local Amenities

  • Longport 0.8 miles
  • Stoke-on-Trent 2.8 miles
  • Saint Nathaniel's Academy 0.2 miles
  • Co-op Academy Stoke-On-Trent 0.5 miles

Local map of the area

Map View Map showing location of property

Local Amenities

  • Longport 0.8 miles
  • Stoke-on-Trent 2.8 miles
  • Saint Nathaniel's Academy 0.2 miles
  • Co-op Academy Stoke-On-Trent 0.5 miles

Market stats

Sale activity

Average estimated value for a flat in ST6:

  • £65,114
  • Price increase

  • £2,065
  • (3.275%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £69,766
  • Properties sold

    9

Rental opportunities

Looking for an investment? The average rent for a 1 bedroom flat in ST6 is currently:

£394 pcm

Recent sales nearby

See all recent sales in ST6
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Estimated running costs

Based on available 3rd party data

Mortgage calculator

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These results are not provided by Bankrate and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided, your lenders criteria and your personal circumstances. The interest rate has also been assumed to stay the same for the selected mortgage term.

The Developer

Price history

Sold prices provided by Land Registry
10th Mar 2020 £54,500 Price reduced by £5,500
29th Nov 2019 £60,000 First listed
20th Sep 2007 £115,000 Last sold

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Property descriptions and related information displayed on this page are marketing materials provided by Yieldit. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Yieldit for full details and further information.