Doncaster, DN1 2LW | Investment Property for Sale | VES-DN1-010

Opportunity to purchase a HMO property in Doncaster generating £19,500 rent pa & gross yield of 10.5%

£185,000

HMO End of Terrace House

VES-DN1-010

INITIAL INVESTMENT

£55,500

Based on

deposit: £46,250

stamp duty: £6,750

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£19,500

GROSS YIELD

10.5%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Freehold

5 bedrooms

3 bathrooms

0

1,313

Fully Furnished

Property information

  • Spread over 3 floors
  • Fully HMO licenced for 5 persons
  • Ground floor comprises:
    • 2 x bedrooms, one with ensuite shower
    • Shared kitchen
    • Downstairs WC
    • Store room
    • Access to the rear garden via the kitchen
  • First floor comprises:
    • 2 x bedrooms
    • Second shared kitchen
    • 1 x shared bathrooms
  • Second floor comprises:
    • 1 x bedroom with ensuite bathroom
  • EPC rating E
  • Council tax band A

Rental information

  • Room 1 - £325 pcm
  • Room 2 - £325 pcm
  • Room 3 - £325 pcm
  • Room 4 - £325 pcm
  • Room 5 - £325 pcm
  • Total monthly rental income: £1,625
  • Total annual rental income: £19,500

Running costs

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

  • Gas & electric: £150 pcm
  • Council tax: £60 pcm
  • Virgin media (TV, broadband): £30 pcm
  • Water: £30 pcm
  • TV licence: £10 pcm
  • Cleaner: £20 pcm
  • Total cost pcm: £300
  • Total cost pa: £3,600

Location information

  • The property is located just outside of the town centre
  • Doncaster town centre is a short walk from the property with all local amenities
  • Doncaster railway station is less than 1 miles from the property and can be reached in 16 minutes on foot
  • Easy access to the A630 and A19

Note

Please note that Vesta has not visited this property and that the vendor has provided all material.

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 Doncaster, South Yorkshire

Doncaster is located on the A1 and M18 motorways and is within 20 minutes of the key M1 and M62 motorways.

Doncaster has received city status in May 2022 as part of the Queen's Platinum Jubilee and is one of seven new cities in the UK.

The city is about 17 miles north-east of Sheffield, and is served by an international airport, Doncaster Sheffield Airport in Finningley. Doncaster train station links the town to the major cities of London, York, Leeds, Sheffield, Manchester, Newcastle and further North. The East Coast Main Line is linking England’s and Scotland’s capital and passing directly through Doncaster.

Doncaster is a historic market city and renowned for its horse racing, rich railway heritage and its wealth of Georgian and Regency architecture. Some of the iconic landmarks are Conisbrough Castle, an English Heritage site; Brodsworth Hall; Doncaster Market with some 400 shops, stalls and stands; the Corn Exchange, a Victorian listed house offering a wide range of quality retailers; Doncaster Minster, a Grade 1 listed building standing in the heart of the Doncaster; and Cast, Doncaster’s flagship theatre which is home to world-class entertainment.

Furthermore, there are a few large employers based in Doncaster such as Polypipe International, Trackwork and DFS (formerly Northern Upholstery) who still have their head office here and many more.

Broxholme Lane,

Doncaster,

South Yorkshire,

England,

DN1 2LW

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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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