Barnsley, S70 6BT | Investment Property for Sale | VES-S70-003

Opportunity to purchase a HMO in Barnsley with the potential to generate gross yield of 12.4%

£128,000

HMO Terraced House

VES-S70-003

INITIAL INVESTMENT

£38,340

Based on

deposit: £32,000

stamp duty: £3,840

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£15,860

GROSS YIELD

12.4%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Freehold

4 bedrooms

1 bathroom

0

883

Fully Furnished

Property information

  • Communal kitchen/diner
  • The property comes with a rear patio
  • EPC rating D
  • The property is managed by a third party

Rental information

  • Room 1 - £303.33 pcm
  • Room 2 - £325 pcm
  • Room 3 - vacant; vendor is looking to relet; expected rent £325 pcm
  • Room 4 - £368.33 pcm
  • Total rent once fully let pcm: £1,321.66
  • Total rent once fully let pa: £15,859.92

Running costs

We are awaiting the following running costs of this property from the vendor:

  • Council tax: TBC
  • Utilities: TBC
  • Total cost pcm: TBC
  • Total cost pa: TBC

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.

Farrar Street,

Barnsley,

South Yorkshire,

England,

S70 6BT

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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.

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