Opportunity to buy 1-bed investment property in Barnsley generating £4,740 pa and a yield of 7.9%
£60,000
Apartment
VES-S72-649
INITIAL INVESTMENT
£28,060
GROSS RENT / YIELD
£4,740 / 7.9%
NET RENT / YIELD
£2,166 / 3.6%
The property
TENANCY
Tenanted
TENURE
Leasehold
GROUND RENT
£150
SERVICE CHARGE
£1,020
1 bedroom
1 bathroom
1 reception room
445
Unfurnished
Additional Information
- Length of lease: 125 years, start date 2007
- Rent: £395 pcm; £4,740 pa
Vesta has not visited the property and the marketing material has been provided by the vendor.
Tenancy
RENT
£4,740 p.a. / £395 pcm
TENANCY DEPOSIT
£550
TENANCY TYPE
AST
TENANCY AGREEMENT STARTED
4 months ago
TENANCY AGREEMENT ENDS
7/2/2019
Floorplans
Documents available on request, please contact for viewings or further questions.
The information relating to the property is supplied by the vendor and the latest available at the date of listing.
Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.
Financials
Rental Income
GROSS RENT PER ANNUM
£4,740
GROSS RENTAL YIELD
7.9%
NET RENT PER ANNUM
£2,166
NET RENTAL YIELD
3.6%
FULLY MANAGED OPERATING COSTS
£2,574
Click to understand assumptions.
Profit & Growth
HPI GROWTH (PREV 5 YRS)
25%
Disclaimer
This information is for illustration purposes only and does not constitute advice. It is correct at the time of writing. For advice specific to your personal circumstances, please speak to a financial adviser.
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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.
Barnsley Road,
Cudworth,
Barnsley,
South Yorkshire,
England,
S72 8FE
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