Barnsley, S70 1UQ | Investment Property for Sale | VES-S70-004

Opportunity to purchase a HMO property in Barnsley generating £28,080 rent pa & gross yield of 14.8%

£190,000

HMO Terraced House

VES-S70-004

INITIAL INVESTMENT

£55,700

Based on

deposit: £47,500

stamp duty: £5,700

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£28,080

GROSS YIELD

14.8%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Freehold

6 bedrooms

5 bathrooms

1 reception room

1,378

Fully Furnished

Please note that this property is available for cash buyers only.

Property information

  • Spread over 3 floors
  • Communal kitchen/diner
  • 4 bedrooms have ensuite bathrooms
  • All other tenants share a bathroom
  • The basement bedroom has its own entrance, kitchen and ensuite bathroom
  • The property comes with a rear garden
  • The property was fully refurbished in 2017
  • EPC rating E
  • The property is managed by a third party

Rental information

  • Room 1 - £476.66 pcm - 21/09/2018
  • Room 2 - £411.66 pcm - let since 06/11/2020
  • Room 3 - £411.66 pcm - let since 18/01/2019
  • Room 4 - £390 pcm - let since 28/02/2020
  • Room 5 - £303.33 pcm - let since 09/12/2019
  • Room 6 - £346.66 pcm - let since 21/12/2020
  • Total rent pcm: £2,339.97
  • Total rent pa: £28,079.64

Running costs

The vendor provided us with the following running costs of this property:

  • Council tax: £125 pcm
  • Utilities: £333.33 pcm
  • Total cost pcm: £458.33
  • Total cost pa: £5,500

Note

Please note that Vesta has not visited this property and that all material has been provided by the vendor.

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Barnsley, South Yorkshire

Barnsley is a large town in South Yorkshire situated halfway between Leeds and Sheffield accessible via junctions 36, 37 and 38 of the M1 motorway. The town center lies on the west bank of the Dearne Valley, offering stunning surroundings.

Barnsley is a characterful town in the heart of Yorkshire, offering a variety of entertainment opportunities such as The Parkway Cinema complex, rich history reflected in the historic buildings and events in the Cannon Hall and leisure and sports facilities.

Some of Barnsley’s big employers are Asos, global manufacturer Esco, Warwick Ward Ltd, XPO Logistics, Barnsley Council and many more.

Doncaster Road,

Barnsley,

South Yorkshire,

England,

S70 1UQ

What makes us different?

Vesta’s sole purpose is to make buying and selling rental property easy for both landlords and tenants.

Benefits include:

  • Buy tenanted property
  • Huge choice for all budgets
  • View property performance data
Learn more >

Questions?

Our sales team is standing by to help.

Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

In no event will we be liable for any loss or damage, including without limitation any loss or damage arising directly or indirectly out of or in connection with the use of this website and the information contained therein.

Copyright © 2021 Vesta Global Limited. All rights reserved.