This property is no longer on the market
5 bedroom terraced house
Key information
Property description & features
- Tenure: Freehold
Ashbrookes are thrilled to bring Princes Road, TS1 to the market with us.
This property is currently set out as a 5-bedroom, 2-bath, student house share with a HMO approved licence on it already.
Princes Road comes fully furnished and student ready with a recent refurbishment just being completed on it. The rent achievable for all 5 double bedrooms is £390 per room per month.
Your NET annual take home (after bills and management have been deducted) would be £16,740 / £1,395 PCM. This gives you a return of 11.9% at asking price.
*Please note if you are purchasing with a mortgage, you will have a further mortgage payment to deduct from the above figures. At Ashbrookes we include a CAP into the bills of £20 per week per room which has been calculated in the NET figures*
If you wish to view this property before it gets snapped up or seek further information, please call us on[use Contact Agent Button] (option 1).
MEASUREMENTS:
Lounge/ Student Room 1 12'1" x 9'6" (3.68m x 2.9m)
Dining Room/ Student Room 2 12'9" x 6'10" (3.89m x 2.08m)
Kitchen 12'7" x 5'6" (3.84m x 1.68m)
Ground Floor Shower Room 4'11" x 3'6" (1.5m x 1.07m)
Bedroom1/Student Room 3 13'8" x 12' (4.17m x 3.66m)
Bedroom2/Student Room 4 12'10" x 8'1" (3.9m x 2.46m)
Bedroom 3/Student Room 5 12'5" x 8'11" (3.78m x 2.72m)
2nd Floor Shower Room 7'8" x 6'9" (2.34m x 2.06m)
Accommodation & Amenities:
*3 bedroom residential home / 5 bedroom student house share
*97 Square Metres total floor area
*£1,950pcm achievable in rent
*11.9% yield at asking price
*5 minute walk to Teesside University
*Management available
*HMO licence acquired
*New mains smoke and CO alarms fitted
*EICR and Gas certificate available upon request
*On Street parking
*This property is in Newport’s selective licencing area - £803
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Property reference TAV230234. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Ashbrookes - Sunderland.
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Broadband availability and predicted speed: obtained from Ofcom on August 12, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
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Mobile phone signal availability and predicted strength: obtained from Ofcom on August 12, 2022
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on September 20, 2022 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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