Opportunity to purchase a HMO property in Barnsley generating £17,208 net rent pa & net yield of 7%
£246,500
HMO Semi-Detached House
VES-S70-010
INITIAL INVESTMENT
£73,950
Based on
deposit: £61,625
stamp duty: £9,825
mortgage fees: £1,500
conveyancing fees: £1,000
GROSS RENT
£17,208
GROSS YIELD
7.0%
The property
TENANCY
Tenanted
TENURE
Freehold
8 bedrooms
4 bathrooms
2,659
Unfurnished
This property is for cash buyers only with an option to refinance upon completion.
Property information
- Spread over 4 floors
- 8 x bedrooms
- 4 x bathrooms
- 3 x separate WCs
- Shared kitchen
- Utility room
- Cellar
- EPC rating D
- Council tax band C
Rental information
The property is let to a social housing provider on a 5-year lease. All bills and maintenance is covered by the tenant, so the below rent is a net rental income. We are unable to display net rents at the moment.
- Monthly rental income: £1,434
- Annual rental income: £17,208
Location information
- The property is located in the Worsbrough Common area of Barnsley
- Barnsley town centre is 0.4 miles from the property and can be easily reached on foot
- There is a bus stop just a few yards from the property with regular services
- Barnsley railway station is around 1 mile from the property
- Easy access to the A6133 and A61
Note
Please note that Vesta has not visited this property and that the vendor has provided all material.
Floorplans
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.
Sheffield Road,
Barnsley,
South Yorkshire,
England,
S70 4DE
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Important Note
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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.
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