Barnsley, S71 1EW | Investment Property for Sale | VES-S71-003

Opportunity to purchase a HMO in Barnsley generating £16,640 rent pa & gross yield of 11.9%

£140,000

HMO Terraced House

VES-S71-003

INITIAL INVESTMENT

£42,000

Based on

deposit: £35,000

stamp duty: £4,500

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£16,640

GROSS YIELD

11.9%

ADD TO FAVOURITES

Sold STC

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The property

TENANCY

Tenanted

TENURE

Freehold

4 bedrooms

1 bathroom

1 reception room

883

Fully Furnished

Property details

  • Fully licenced HMO
  • 4 x double bedrooms
  • Shared kitchen
  • 1 x shared bathroom
  • Rear garden accessible via the kitchen
  • EPC rating D

Rental information

  • Room 1 - £75 per week
  • Room 2 - £85 per week
  • Room 3 - £75 per week
  • Room 4 - £85 per week, vacant at the time of listing
  • Total rent pcm: £1,386.67
  • Total rent pa: £16,640

Running costs

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

  • Council tax: £188 pcm
  • Water bill: £40 pcm
  • Gas & electricity: £131 pcm
  • Internet: £20 pcm
  • Insurance: £22 pcm
  • Total cost pcm: £401
  • Total cost pa: £4,812

Location information

  • The property is located just outside the city centre Barnsley
  • The centre can be reached in under 20 minutes on foot or in less time by bus
  • Barnsley railway station can be reached in under 10 minutes on foot
  • The closest bus stop is a 10-minute walk from the property
  • Easy access to the A628 and A61

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.

Wansfell Terrace,

Barnsley,

South Yorkshire,

England,

S71 1EW

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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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