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Stoke
Stoke-on-Trent ST2
£65,000
Stoke-on-Trent ST2
£65,000
Our Summary
- For Sale by under the hammer online auction
- Tenancy schedule Flat 1- Vacant with potential rental income of £595 PCMFlat 2- Tenanted and producing £450 PCM (scope to increase)
- Visit - Our website and view the auction terms
- Register - Get registered prior to the auction opening date
- Prior Auction Offer - Want it now
- Submit a prior auction offer through our website
- If you would like your property to go into our next auction then contact our auction experts on[use Contact Agent Button] or submit a valuation on our website
Description
This freehold investment bungalow in Stoke-on-Trent is a rare opportunity to generate a significant potential rental yield of 18%. The property comprises two residential units, each with a lounge area, kitchen, one bedroom, and bathroom. The rear of the property features a private car park. One unit is currently vacant, offering potential rental income of £595 per calendar month, while the other is tenanted and generating £450 per month, with scope to increase. The total potential rental income is £12,540 per annum. Located in the heart of the UK's ceramics industry, Stoke-on-Trent offers a unique blend of industrial heritage and cultural attractions, with convenient transport links to nearby cities. Potential buyers can register to bid online, download the legal pack, and submit prior auction offers.