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£340,000
Guide Price

6 bed property for sale London Road, Newcastle, ST5 1ND

6 beds 6 baths
Tenure: ask agent

Added today

About this property

Please quote REF: AM1295 for all enquiries A fully licensed excellent 6-bedroom HMO investment opportunity, ideally located in Newcastle-under-Lyme, just 0.3 miles from the Royal Stoke University Hospital. This prime positioning has ensured consistently high occupancy levels, with strong demand from NHS professionals.

Key features

  • Please quote REF: AM1295 for all enquiries
  • Excellent 6-bedroom HMO investment
  • Prime location near Royal Stoke University Hospital
  • Developed to a high standard in 2021
  • 5 en-suite studios with kitchenettes
  • Additional en-suite bedroom
  • Gross income of £43,000 per annum
  • 11.94% gross yield
  • Fully managed, hands-off investment

Floorplan

Location

London Road, Newcastle, ST5 1ND

Council tax
Band D (Approx £2,334/year)

Mortgage and stamp duty

Property price £340,000
£170k £510k
Deposit10% £34,000
£0 £340k
Interest rate 4.5%
0.5% 15%
Repayment period 25 years
5 years 40 years

A £306,000 mortgage. Most lenders would want a household income of about £68,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.

Historic sold prices nearby

HM Land Registry sales in ST5 1ND. Floor areas from Energy Performance Certificates where matched.

AddressSoldSizePrice
125, London Road Semi-detachedSept 2021915 sq ft £161/sq ft£147,500
127, London Road DetachedJul 20201,733 sq ft £141/sq ft£245,000
91, London Road TerracedJan 20151,690 sq ft £74/sq ft£125,000
83, London Road TerracedOct 20071,959 sq ft £72/sq ft£141,000
93, London Road TerracedNov 20011,701 sq ft £80,000
121, London Road DetachedJun 20011,550 sq ft £64/sq ft£99,000
85, London Road TerracedApr 20001,615 sq ft £56,500
127, London Road DetachedAug 19991,733 sq ft £63/sq ft£110,000

All sales on London Road → All sold prices in Newcastle-under-Lyme →

Area insights

The neighbourhood around this property.

Marketed by
eXp UK, Andy Matin
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