4 bed terraced house for sale

Legge Street, Newcastle-Under-Lyme ST5

Description

Fully tenanted | £24K income | value-add opportunity

£24,000 Per Annum Gross Income

An excellent income-producing investment property, this spacious 4-bedroom House in Multiple Occupation is ideally situated in Newcastle-Under-Lyme, within easy reach of the University Hospital of North Midlands.

Investment Highlights:

Gross annual income: £24,000
Average room rent: £500 per calendar month
Fully tenanted and generating immediate returns
Prime location near major employment hub
Scope to add value with refurbishment
Recently upgraded electrics and boiler

Accommodation:

4 double bedrooms, all fully furnished
2 bathrooms (one recently modernised)
Kitchen with facilities for 4 tenants
Small lounge/prep area
Rear yard for bikes and washing facilities
External access to downstairs cellar offering conversion potential

Property Features:
This spacious HMO offers solid rental returns with room for enhancement. While the property would benefit from some tlc to maximise its features, it presents an excellent opportunity for investors to add value through refurbishment whilst maintaining existing income. The recently modernised bathroom demonstrates the potential throughout, and the external cellar access offers exciting possibilities for further development, subject to planning.

Location Benefits:
The property enjoys an enviable position close to the University Hospital of North Midlands, one of the region's largest employers, ensuring consistent demand from healthcare professionals, support staff, and hospital workers. Newcastle-Under-Lyme town centre, with its excellent shopping facilities, transport links, and amenities, is also within easy reach.

Investment Potential:
Perfect for experienced HMO investors seeking a value-add opportunity with existing cashflow. The combination of established tenancies, strong rental yields, and enhancement potential makes this an attractive proposition for portfolio growth.

Tenure: Freehold