£375,000
6 bedroom house for sale
Hobby Way, Cannock WS11
house 
6 bedrooms Property description
STYLISH 6-BEDROOM HMO WITH STRONG INCOME & 96% OCCUPANCY!
Located in the sought-after WS11 area, this fully licensed 6-bedroom HMO offers an exceptional investment opportunity with reliable, consistent returns. The property generates a gross rental income of £3,515/month (annual gross rent: £42,180), achieving a net operating income (NOI) of £31,910 annually. With 2 en-suites and 2 shared shower rooms—each with dual washbasins and storage—this property meets all modern living requirements.
Key features include a 96.20% occupancy rate and an impressive EPC rating of C (potential B), ensuring both tenant appeal and energy efficiency. Fully licensed, this HMO represents a secure, future-proof investment.
FINANCIAL BREAKDOWN:
Monthly Rental Income:
£3,515
Annual Gross Rent:
£42,180
Annual Operating Costs (Fully Comprehensive):
Utilities: £4,493
Council Tax: £2,660
Broadband: £785
Cleaning: £1,800
TV Licence: £170
Fire Alarm Servicing: £50
EICR (annualised): £10
PAT Testing (estimated): £50
Gas Safety Certificate: £70
HMO Licence (Cannock, annualised): £182
Total Annual Costs:
£10,270
Net Operating Income (NOI):
£42,180 (gross rent) – £10,270 (costs) = £31,910
What’s included in the NOI?
The NOI figure takes into account all operational and compliance costs, not just basic expenses, offering a complete view of the property’s profitability. This includes utilities, council tax, broadband, cleaning, TV licence, fire alarm servicing, EICR, PAT testing, gas safety certification, and HMO licence fees.
Gross Yield:
Based on the purchase price of £395,000:
Gross Yield: 10.7% (calculated as £42,180 annual rent / £395,000 purchase price)
Don’t miss out on this high-yield, fully licensed HMO in a sought-after area. Contact us today to schedule a viewing or find out more – your next great investment is waiting!
Located in the sought-after WS11 area, this fully licensed 6-bedroom HMO offers an exceptional investment opportunity with reliable, consistent returns. The property generates a gross rental income of £3,515/month (annual gross rent: £42,180), achieving a net operating income (NOI) of £31,910 annually. With 2 en-suites and 2 shared shower rooms—each with dual washbasins and storage—this property meets all modern living requirements.
Key features include a 96.20% occupancy rate and an impressive EPC rating of C (potential B), ensuring both tenant appeal and energy efficiency. Fully licensed, this HMO represents a secure, future-proof investment.
FINANCIAL BREAKDOWN:
Monthly Rental Income:
£3,515
Annual Gross Rent:
£42,180
Annual Operating Costs (Fully Comprehensive):
Utilities: £4,493
Council Tax: £2,660
Broadband: £785
Cleaning: £1,800
TV Licence: £170
Fire Alarm Servicing: £50
EICR (annualised): £10
PAT Testing (estimated): £50
Gas Safety Certificate: £70
HMO Licence (Cannock, annualised): £182
Total Annual Costs:
£10,270
Net Operating Income (NOI):
£42,180 (gross rent) – £10,270 (costs) = £31,910
What’s included in the NOI?
The NOI figure takes into account all operational and compliance costs, not just basic expenses, offering a complete view of the property’s profitability. This includes utilities, council tax, broadband, cleaning, TV licence, fire alarm servicing, EICR, PAT testing, gas safety certification, and HMO licence fees.
Gross Yield:
Based on the purchase price of £395,000:
Gross Yield: 10.7% (calculated as £42,180 annual rent / £395,000 purchase price)
Don’t miss out on this high-yield, fully licensed HMO in a sought-after area. Contact us today to schedule a viewing or find out more – your next great investment is waiting!
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Hobby Way, Cannock WS11
Marketed by
RE/MAX Elite - Walsall 549 Bloxwich Road Walsall, West Midlands WS3 2XDCall agent on 01922 312053
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Monthly repayment
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Hobby Way, Cannock WS11 - Streetview
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