8 Bed Of Multiple Occupation House For Sale Albany Road, Newcastle, ST5

Introducing a fantastic opportunity to purchase this 8 bed HMO and a well established commercial unit in Newcastle-Under-Lyme, Staffordshire. Offering great add value potential, the property offers 8 well sized bedrooms, four of which are ensuite, two further bathrooms, two communal kitchens, a communal living room and an additional WC. There is also a commercial unit which is currently rented to a well established hair salon. \r
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The property is generously sized and has the addition of character features, adding to it's overall charm, thus creating comfortable and welcoming, functional communal areas, as well as generous private bedroom spaces. \r
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Newcastle-under-Lyme has a good variety of shops, restaurants, and cafes, as well as leisure facilities and essential amenities nearby and is only a 15 minute walk to the town centre. The property is easily connected with nearby cities such as Stoke-on-Trent, Birmingham, and Wolverhampton, offering tenants a diverse range of employment and leisure options.\r
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Income;\r
Room 1 - £535.00 / Room 2 - £370.00 / Room 3 - £370.00 / Room 4 - £550.00 / Room 5 - £445.00 / Room 6 - £450.00 / Room 7 - £420.00 / Room 8 - £375.00 \r
Commercial unit - £1,004.80 \r
Total Income £4,519.80 PCM / £54,237.60 PA\r
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Expenditure;\r
Gas - £523.00 / Electric - £211.00 / Water - £94.48 / Council Tax - £263.00 / TV License - £13.25 / Broadband - £61.75 / Cleaner - £56.00 / Management -£421.80 \r
Total £1,644.28 PCM / £19,731.36 PA\r
*Gas and electric calculations are averages across 12 months