Cudworth, S72 8FL | Investment Property for Sale | VES-S72-324

Opportunity to buy 2-bed tenanted investment property generating £5,400 pa and yielding at 9% near Barnsley

£60,000

Apartment

VES-S72-324

INITIAL INVESTMENT

£28,060

GROSS RENT / YIELD

£5,400 / 9.0%

NET RENT / YIELD

£2,731 / 4.6%

The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£250

SERVICE CHARGE

£889

2 bedrooms

1 bathroom

1 reception room

500

Unfurnished

  • Length Lease: 125 years starting 2006

Vesta has not visited the property and the marketing material has been provided by the vendor.

Tenancy

RENT

£5,400 p.a. / £450 pcm

TENANCY DEPOSIT

£400

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

10 months ago

TENANCY AGREEMENT ENDS

6/30/2019

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

£5,400

Equivalent of £450 per calendar month (PCM).

GROSS RENTAL YIELD

9.0%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£2,731

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

4.6%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£2,669

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

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.

About Cudworth, 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.

For families seeking a variety of education, there are many options such as St Johns Primary School, Carlton Academy Secondary School and Barnsley Sixth Form College to name but a few.

Samuel Court,

Cudworth,

Barnsley,

South Yorkshire,

England,

S72 8FL

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