Opportunity to purchase a HMO property in Barnsley generating £28,596 rent pa & gross yield of 11.4%
£250,000
HMO End of Terrace House
VES-S70-009
INITIAL INVESTMENT
£75,000
Based on
deposit: £62,500
stamp duty: £10,000
mortgage fees: £1,500
conveyancing fees: £1,000
GROSS RENT
£28,596
GROSS YIELD
11.4%
The property
TENANCY
Tenanted
TENURE
Freehold
6 bedrooms
6 bathrooms
TBC
Fully Furnished
Property information
- Recently fully refurbished and renovated HMO
- Fully HMO licenced
- 6 x bedrooms
- All bedrooms come with ensuite shower room
- Shared large kitchen
- Detached garage which can be accessed via the garden
- There is a large cellar/basement that could be changed into another bedroom with the appropriate approvals
- EPC rating E
- Council tax band B
Rental information
The vendor notes that the rents are at the lower end of the market value and that there is scope for a rent review.
- Room 1 - £390 pcm
- Room 2 - £390 pcm
- Room 3 - £433 pcm
- Room 4 - £390 pcm
- Room 5 - £390 pcm
- Room 6 - £390 pcm
- Monthly rental income: £2,383
- Annual rental income: £28,596
Running costs
The vendor provided us with the following running costs of the property:
- Gas: £200 pcm
- Council tax: £133 pcm
- Electricity: £200 pcm
- Water: £57 pcm
- Broadband: £40 pcm
- Cleaning: £25 pcm
- Total cost pcm: £655
- Total cost pa: £7,860
Location information
- The property is located to the north of Barnsley town centre
- The town centre is around 06 miles from the property
- There is a bus stop with regular services a few minutes from the property
- Barnsley railway station can be reached within a 15-minute walk
- Easy access to the A61
Note
Please note that Vesta has not visited this property and that the vendor has provided all material.
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.
Western Street,
Barnsley,
South Yorkshire,
England,
S70 2BT
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