RE/MAX Elite WS4
Hobby Way, Cannock
£395,000
6 Bedroom Commercial
- 6 SPACIOUS BEDROOMS
- 2 EN-SUITE BEDROOMS
- 2 SHARED SHOWER ROOMS WITH DUAL SINKS & STORAGE
- HIGH OCCUPANCY RATE: 96.20%
- MONTHLY RENTAL INCOME: £3,515
- GROSS RENT £42,180 - NOI £31,910 PER YEAR
- GROSS YIELD: 10.7% - 8.5% NOI YIELD
- OFF-STREET PARKING & GARAGE
- CLOSE TO LOCAL AMENITIES & TRANSPORT LINKS
- COMPREHENSIVE EXPENSES BREAKDOWN FOR NOI
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!
Energy Efficiency and Environmental Impact
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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