£375,000
(£201/sq. ft)
6 bed property for saleHobby Way, Cannock WS11
6 beds
4 baths
1 reception
1,863 sq. ft
EPC Rating: C
- Freehold
RE/MAX Elite
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About this property
6 spacious bedrooms
2 en-suite bedrooms
2 shared shower rooms with dual sinks & storage
High occupancy rate: 96.20%
Monthly rental income: £3,515
Gross rent £42,180 - noi £31,910 per year
Gross yield: 10.7% - 8.5% noi yield
Off-street parking & garage
Close to local amenities & transport links
Comprehensive expenses breakdown for noi
Stylish 6-bedroom HMO with strong income & 96% occupancy!
Located in the sought-after WS11 area, this fully licensed 6-bedroom HMO offers an exceptional investment opportunity with reliable, consistent returns. The property generates a gross rental income of £3,515/month (annual gross rent: £42,180), achieving a net operating income (noi) of £31,910 annually. With 2 en-suites and 2 shared shower rooms-each with dual washbasins and storage-this property meets all modern living requirements.
Key features include a 96.20% occupancy rate and an impressive EPC rating of C (potential B), ensuring both tenant appeal and energy efficiency. Fully licensed, this HMO represents a secure, future-proof investment.
Financial breakdown:
Monthly Rental Income:
£3,515
Annual Gross Rent:
£42,180
Annual Operating Costs (Fully Comprehensive):
Utilities: £4,493
Council Tax: £2,660
Broadband: £785
Cleaning: £1,800
TV Licence: £170
Fire Alarm Servicing: £50
eicr (annualised): £10
pat Testing (estimated): £50
Gas Safety Certificate: £70
HMO Licence (Cannock, annualised): £182
Total Annual Costs:
£10,270
Net Operating Income (noi):
£42,180 (gross rent) – £10,270 (costs) = £31,910
What’s included in the noi?
The noi figure takes into account all operational and compliance costs, not just basic expenses, offering a complete view of the property’s profitability. This includes utilities, council tax, broadband, cleaning, TV licence, fire alarm servicing, eicr, pat testing, gas safety certification, and HMO licence fees.
Gross Yield:
Based on the purchase price of £395,000:
Gross Yield: 10.7% (calculated as £42,180 annual rent / £395,000 purchase price)
Don’t miss out on this high-yield, fully licensed HMO in a sought-after area. Contact us today to schedule a viewing or find out more – your next great investment is waiting!
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