This calculator provides a guide to the amount of residential stamp duty you may pay and does not guarantee this will be the actual cost. This calculation is based on the Stamp Duty Land Tax Rates for residential properties purchased from 23rd September 2022 and second homes from 31st October 2024. For more information on Stamp Duty Land Tax, click here.
1/23
£300,000
5 bedroom Flat for sale, Caroline Street, Stoke-on-Trent, Staffordshire, ST3
Features and Description
- For Sale by Modern Auction – T & C’s apply
- Subject to Reserve Price
- Buyers fees apply
- The Modern Method of Auction
- Online Bidding Available
- Fully tenanted block of four self-contained flats
- Three one-bedroom apartments and one two-bedroom apartment
- Generating approximately **£30,000 per annum** gross rental income
- Excellent investment opportunity with immediate returns
- All flats comprise a reception room, fitted kitchen and shower room
- Established tenants in situ
- Prime location in the heart of Longton Town Centre
- Walking distance to shops, supermarkets, transport links and local amenities
- Strong rental demand in the area
- Ideal addition to an established or growing buy-to-let portfolio
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £300.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.
The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.
Referral Arrangements The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.
An outstanding opportunity to acquire a fully tenanted block of four self-contained apartments situated in a highly convenient location within Longton Town Centre. This ready-made investment comprises **three one-bedroom flats** and **one two-bedroom flat**, all currently occupied by tenants, providing an immediate and reliable rental income of approximately **£30,000 per annum**.
Each apartment has been designed to offer practical and comfortable living accommodation, briefly comprising a reception room, fitted kitchen, modern shower room and well-proportioned bedroom accommodation. The two-bedroom apartment benefits from an additional double bedroom, making it attractive to a wider range of tenants.
Positioned within walking distance of Longton's wide range of shops, supermarkets, cafés, public transport links and local amenities, the property enjoys a popular rental location with excellent access to the A50, Stoke-on-Trent city centre and surrounding towns. The central location continues to attract consistent tenant demand, making this an appealing addition to any investment portfolio.
Whether you are an experienced landlord looking to expand your portfolio or an investor seeking a straightforward, income-producing asset, this property offers an excellent opportunity with immediate returns from day one. With all four apartments currently let, buyers can benefit from an established rental income without the delays and costs associated with sourcing new tenants.
Viewing is highly recommended to fully appreciate the investment potential and convenient location offered by this substantial block of apartments.
IMPORTANT NOTE TO POTENTIAL PURCHASERS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.
Caroline Street, Stoke-on-Trent, Staffordshire, ST3
Additional Information
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Property refQLG260345
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EPCC
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TenureFreehold
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Council TaxA
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Local authorityStoke on Trent City Council
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Your Move Estate Agents Longton
Your Move Longton
65 The Strand, Longton, Stoke-on-Trent, ST3 2NS
Mon - Fri09:00 - 17:30Saturday09:00 - 16:00SundayClosed
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