Opportunity to purchase a HMO in Barnsley generating £28,240 rent pa & gross yield of 14.1%
£200,000
HMO Terraced House
VES-S70-008
INITIAL INVESTMENT
£60,000
Based on
deposit: £50,000
stamp duty: £7,500
mortgage fees: £1,500
conveyancing fees: £1,000
GROSS RENT
£28,240
GROSS YIELD
14.1%
The property
TENANCY
Tenanted
TENURE
Freehold
6 bedrooms
5 bathrooms
1 reception room
1,378
Fully Furnished
Property information
- HMO licenced for 6 people
- 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
- There is a garage/outbuilding in the rear garden which can be let as a storage space or garage
- The property was fully refurbished in 2017
- EPC rating E
- The property is managed by a third party
Rental information
- Room 1 - £520 pcm
- Room 2 - £433.33 pcm
- Room 3 - £411.67 pcm
- Room 4 - £390 pcm
- Room 5 - £303.33 pcm
- Room 6 - £295 pcm
- Total rent pcm: £2,353.33
- Total rent pa: £28,239.96
Running costs
The vendor provided the following running costs for the property:
- Council tax: £127 pcm
- Utilities: £381.18 pcm (unlimited usage agreement with Huddle covering gas, electricity, water & internet)
- Total cost pcm: £508.18
- Total cost pa: £6,098.16
Location information
- The property is located in the Kendray area of Barnsley
- Barnsley town centre is less than 1 miles from the property
- There is a bus stop near the property with regular services into town
- Easy access to the local road network and the M1 motorway on junction 37
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
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