Believe it or not; SOURCING INVESTMENT PROPERTY in Stoke-On-Trent & Newcastle Under Lyme with its many areas is a skill. It requires in-depth knowledge of an area & dedication to finding the right properties for your requirements (Stoke-On-Trent & Newcastle Under Lyme was voted top 5 HOTSPOT area in the UK)
A Quality Skillset
So you may be asking why Stoke-on-Trent/Newcastle Under Lyme? Without going into too many details, here's a snippet. We are in the middle of the UK so HGV drivers can reach most of the UK in a journey, where as other areas would involve taking a break or 2. Only Stoke-on-Trent/ Newcastle Under Lyme offers this strategic position, that's why the likes of Amazon, Screwfix, Sainsbury's, Dunelm, M&S, pets At Home, DHL, New Look, XPO Logistics etc are all based in Stoke-on-Trent/Newcastle Under Lyme. We also boast 2 universities, Keele University and Staffs University. Collectively there are around 25,000 students. We also have one of the largest hospitals in the UK (The Royal Stoke University Hospital) this in it's self employs over 6,000 staff. So as you can see there is a lot to go at probably more than other cities.
If you were to drive around the City of Stoke-on-Trent/Newcastle under Lyme you will see development after development - the transformation is fast. The main town centre of Hanley is fast becoming a major shopping destination boasting a 20 million Hilton Hotel and 3,500 arena - it really is happening. Now let's go south of the City where the train station is that’s having a 5.6 million pound revamp that connects us to the hub of HS2. Then there is the Spode site which is having a major transformation having millions spent on it, with a popup hotel and tea rooms with workshops and more. Stoke-on-Trent also has a very proud heritage of pottery & coal mines, not to mention the Severn Trent and beautiful canal ways and not forgetting the Peak District is only half an hour away.
The City is certainly on the up & has lots to talk about, so buying a property in the right locations will certainly benefit you in the future. I always say to my investors that Stoke-on-Trent/Newcastle under Lyme is a 10-year plan, though I'm making great equity gains at the moment whilst achieving high rents.
Our last 9 sourced property deals all sourced in the last 12 months:-
Keary St 3 bed sourced at 72K gross rent 12K pa
Flax St 3 bed sourced for 62K gross rent 11.7K pa
Keary St 3 bed sourced for 67K gross rent 12.2K pa
Campbell Rd 4 bed sourced for 85K gross rent 16.6K pa
Fletcher Rd 4 bed sourced for 72K gross rent 15.3K pa
Boothen Rd 3 bed sourced for 51K gross family rent 6K pa
Munro St 4 bed sourced for 92K gross rent 16.3K
Allen St 4 bed sourced for 78K (my new hotspot area so can't reveal the location) gross rent 16K
Frank St 3 bed sourced at £72K gross rents £12,5K
Total properties purchased price £651,000 total gross rents are £118,600 pa
All the above properties are now valued at £844,000 after refurbs so not only have I increased the equity by a whopping £193,000, I've also gained an overall yield of around the 19% mark.
This is the very reason why investors are asking Quality Estate Agents to source them deals.
We source, we refurb and then we manage, for that all in one package it's Quality Estate Egents the No1 Estate Agents in Stoke-on-Trent & Newcastle Under Lyme, the figures speak for themselves.
Been amazing from get-go - from viewing to moving in. So helpful! So friendly! And very understanding of students!
Sold my house through Lizzie at Quality Estate Agents 100% recommend really friendly & helpful & half the price of the other agents!
I’ve delt with a few landlords and ladies through my life and I have to say, Quality Estate Agents are a breath of fresh air. Down to earth, lovely people who have even been there with...
Just moved into a Quality Estate Agents property and so impressed with everything, from the genuine and professional manner of my landlords to the all the homey touches that really make the place...
Amazingly friendly and helpful landlords, Lizzie especially is lovely and always willing to help. Spotless house when I moved in and very reasonable rates, couldn't recommend them enough.
HMO minefield, was about to sell up as all the new regulations are now too much for me as I work full time, so really didn't need the stress when I get home from work. After chatting to a few...
Great management company, as a landlord they have gone the extra distance to rent my property.
Quality Estate Agents are the best ever people I have worked with so far. The are really dedicated to their job, very helpful and very hardworking. I would highly recommend them to anyone who...
I have been with Quality Estate Agent a year now and can honestly not fault them, they are very professional and reliable. They take a very proactive approach to finding you tenants and managing...
I came across Quality Estate Agents in 2016 they were Quality Lets back then. Alex sold me a portfolio of 4 student houses, absolute magnificent deal and perfect services, Elizabeth has been...