Studio flat for sale

A mid-terraced property of brick elevations with pitched tiled roof coverings. The freehold property is operating as a HMO (house of multiple occupation) and provides the buyer with an immediate income and the ability to increase with renting the empty
space. The HMO consist of a ground floor studio flat including lounge/bedroom, kitchen, conservatory and bathroom and its own private entrance from the rear. Additionally on the ground floor is an en-suite bedroom. On the first floor are two further en-suite bedrooms plus a shared kitchen. The property benefits from gas powered central heating throughout and UPVC windows. The apartment currently generates £575 per calendar month, with Room 1 let at £460 pcm and Room 2 at £480 pcm. The remaining bedroom is currently vacant, with an anticipated rental value of approximately £450 pcm. Please note, the landlord pays the utility bills.

The location is suitable for use as a House in Multiple Occupation (HMO), with good connectivity for residents commuting to nearby employment centres such as the Royal Stoke University Hospital (approximately 1 mile away), Staffordshire University (approximately 1.5 miles away), and the bet365 headquarters (approximately 2 miles away).

Mains water, electricity and drains are connected. Gas fired central heating by way of a combi boiler. Please note that no services have been tested by the agents.

Not payable on the freehold sale.

Freehold.

In accordance with the anti-money laundering regulations, two forms of identification will be required (e.g. photographic driving license, passport, utility bill) from the applicant and a credit check may also be required, the cost of which will be the responsibility of the applicant. Where appropriate we will also need to see proof of funds.

Auction starts 10am, Thursday 25th September 2025 with
‘SDL Property Auctions’.