Back to Town and Country Property Auctions
Six-Bedroom Hmo And Two Flats Investment
Stockton-on-Tees, TS18 - Get Access
6 bed
Description
A compelling opportunity to acquire a well-configured, income-producing HMO investment in the heart of Stockton-on-Tees, offering multiple income streams and excellent potential for investors seeking an established rental property with further upside through full occupancy. 16 Shaftesbury Street is configured as a substantial 8-room/unit investment, comprising 6 HMO bedrooms with shared communal facilities alongside 2 self-contained one-bedroom flats. This diversified layout provides multiple sources of rental income, reducing reliance on any single tenancy while appealing to a broad range of tenants. The property is currently generating £1,645.66 per calendar month, reflecting a number of vacant rooms at present. When fully occupied, the property is expected to generate approximately £2,335.66 per calendar month, equating to approximately £28,027.92 per annum. This provides an investor with the opportunity to acquire an established income-producing property with scope to increase rental income through the letting of the currently vacant rooms. Situated on Shaftesbury Street, Stockton-on-Tees, the property benefits from a location where demand for affordable rental accommodation remains an important part of the local market. The combination of HMO rooms and self-contained accommodation provides flexibility to cater for different tenant requirements, while the property's existing rental setup allows an investor to continue operating the accommodation as an established income-producing asset.