TO BE SOLD BY ONLINE AUCTION ON 13TH - 14TH MAY UNLESS SOLD PRIOR UNDER AUCTION TERMS.
32, King William Street, Stoke-on-trent, ST6 6EH
An excellent opportunity to acquire a tenanted buy-to-let investment in a well-established residential area of Stoke-on-Trent, offering immediate income with further potential to enhance returns. Not inspected by Edward Mellor but reported to comprise; lounge, dining room, kitchen, two bedrooms and bathroom. Photographs have been provided by the vendor.
Reported to be currently let at £650 per calendar month, providing an immediate income stream. Based on the guide price, this reflects an attractive gross yield of approximately 12.5%, making it a compelling proposition for investors seeking strong returns. Await sight of AST.
It is conveniently located within walking distance of local shops, amenities and transport links, supporting consistent tenant demand and long-term occupancy. The area remains a popular choice for renters, offering a reliable investment location.
The property presents a straightforward addition to any portfolio, with income from day one and potential to enhance value over time.
Here are some similar sold properties taken from Land Registry that highlight the potential:
27, Wade Street, Stoke-on-trent, ST6 1HR £112,000 Terraced 2 BED 0.24 mi
31, Leonard Street, Stoke-on-trent, ST6 1HS £107,000 Terraced 2 BED 0.21 mi
76, Leonard Street, Stoke-on-trent, ST6 1HH £100,000 Terraced 2 BED 0.31 mi
Tenant ready property values in the area are in the region of £750- £800pcm
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65-81 St Petersgate
Stockport
Cheshire
SK1 1DS
