59 Hobby Way
Invest in HMOs proudly presents this fully tenanted 6-bed HMO in Cannock, a modern build refurbished within the last year, meticulously maintained. The property offers 6 spacious bedrooms, including 2 en-suites, shared kitchen, separate diner/living area, and a well-maintained garden. It’s a lucrative investment with a potential annual income of £40,500 at full occupancy, boasting a bricks-and-mortar valuation of £425,000.
Situated in a prime location on Hobby Way, this property benefits from its proximity to the McArthur Glen Designer Outlet West Midlands, a 5-minute walk away, which has brought 1,000 new jobs to the area. Major employers like ANC, Super Smart Storage, Veolia, and Caterpillar are nearby. Local amenities, attractions, and transport options make it highly appealing to tenants, with Cannock train station just a 13-minute walk (0.6 miles) away, providing easy access to nearby towns and cities. Food shops like Morrisons and Iceland are within a mile, and Cannock Chase Hospital is 1.2 miles away.
Furthermore, we offer the opportunity to purchase a portfolio of 3 high-quality HMOs across Cannock and Walsall, providing an excellent turnkey investment with potential for further development (subject to planning). Inquire for details on the full portfolio.
Property Specifics
- 6 Bedrooms
- 2 Bathrooms
- 1963.00 ft
- Type: Fully Licensed and Operational 6 Bed HMO
Financial Overview
- Rent PCM: £3375
- Gross Yield: 9.64%
- Cash Purchase
What this property offers
Verification
Our verification tick shows that industry professionals have generated the estimates being shown. To generate the estimated yield and returns for the property we look at like-for-like units in similar areas as well as past data. Utilising these 2 areas, and a couple of others, we are happy we’re giving you the most accurate prediction for these properties. Should you have any questions about our estimates, please don’t hesitate to contact us.