2 bed terraced house for sale

Peake Street, Newcastle ST5

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7 Peake Street, Knutton, Newcastle-under-Lyme, Staffordshire, ST5 6DP

tenanted buy-to-let Investment

An opportunity to acquire a tenanted two-bedroom mid-terrace property located within the established residential area of Knutton, Newcastle-under-Lyme.

Offered for sale with the benefit of a tenant in occupation, the property currently produces a rental income of £650 per calendar month (£7,800 per annum), providing income from completion. Based upon the asking price of £110,000, this equates to an approximate gross rental yield of 7.09%.

The accommodation comprises of two reception rooms, a fitted kitchen, two bedrooms and a first-floor family bathroom. Externally, the property benefits from an enclosed rear yard.

Knutton remains a well-established residential location situated approximately two miles from Newcastle-under-Lyme town centre and offers convenient access to local amenities, transport links, educational facilities and major employers including Royal Stoke University Hospital and Keele University.

This property may appeal to landlords seeking a buy-to-let investment with an existing tenancy already in place.

Key Features

✓ Tenant in Situ

✓ Current Rental Income: £650 pcm

✓ Annual Rental Income: £7,800

✓ Approximate Gross Yield: 7.09% at Asking Price

✓ Asking Price: £110,000

✓ Two-Bedroom Mid-Terrace Property

✓ Two Reception Rooms

✓ Fitted Kitchen

✓ First Floor Bathroom

✓ Enclosed Rear Yard

✓ Freehold

✓ EPC Rating D

✓ Council Tax Band A

✓ Established Residential Location

✓ Immediate Rental Income from Completion

Location

Peake Street is situated within Knutton, a residential area forming part of the Borough of Newcastle-under-Lyme in Staffordshire. The property benefits from access to local shops, schools, healthcare facilities and public transport services.

Newcastle-under-Lyme town centre is located approximately two miles away and provides a wide range of retail, leisure and dining amenities. The area also benefits from access to the A34, A500 and M6 motorway network, providing links throughout Staffordshire, Cheshire and the wider Midlands region.

Accommodation

Ground Floor

Front Reception Room

Rear Reception Room

Kitchen

First Floor

Bedroom One

Bedroom Two

Family Bathroom

Outside

Enclosed Rear Yard

Property Information

Asking Price: £110,000

Current Rent: £650 pcm

Annual Rental Income: £7,800

Gross Yield: Approximately 7.09%

Tenure: Freehold

EPC Rating: D

Council Tax Band: A

Investment Overview

The property is being sold with the benefit of an existing tenant, allowing a purchaser to receive rental income from completion.

At the current rent of £650 pcm, the property generates £7,800 per annum, providing an approximate gross yield of 7.09% based on the asking price.

Investors should undertake their own due diligence regarding tenancy arrangements, local rental values, running costs and future investment performance.

Illustrative Yield Scenarios

Monthly Rent

Annual Income

Gross Yield at £110,000

£650 pcm

£7,800

7.09%

£700 pcm

£8,400

7.64%

£750 pcm

£9,000

8.18%

Figures shown are illustrative only and do not constitute a guarantee of future rental income or investment performance.

Disclaimer

The information contained within these particulars is provided in good faith and is believed to be correct. Prospective purchasers should satisfy themselves as to the accuracy of all information, measurements, tenancy details, tenure, planning matters and investment returns prior to exchange of contracts. Rental yields quoted are gross figures and do not take account of management costs, maintenance, insurance, void periods or taxation.