Doncaster, DN1 | Investment Property for Sale | VES-DN1-002

Opportunity to purchase a 23-bed HMO in Doncaster generating £88,000 rent pa & 10.4% gross yield

£850,000

HMO Terraced House

VES-DN1-002

INITIAL INVESTMENT

£258,000

Based on

deposit: £212,500

stamp duty: £43,000

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£88,000

GROSS YIELD

10.4%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Freehold

23 bedrooms

14 bathrooms

3 reception rooms

5,048

Fully Furnished

Please note that this is an off-market opportunity that is available to qualified buyers only.

Please get in touch and quote the reference number above to speak to a member of our sales team who can advise on the information that will be required from you in order for us to be able to share more detailed and confidential information related to the opportunity.

Property information

  • Fully let
  • Full HMO Licence for 5 years
  • 23 bedroom HMO to accommodate 27 people
  • 11 ensuite bedrooms with 6 kitchenettes
  • 3 communal bathrooms
  • 2 communal toilets
  • 2 large communal kitchens
  • 1 dining room
  • Parking available for 9 cars
  • Comes with a large rear garden
  • Cleaning 4 x per week

Whilst the displayed financials below are market averages, these are the running costs provided by the landlord:

Running costs

  • Council tax
  • Water
  • Gas & electricity
  • Internet
  • TV licence
  • Total cost pcm: £1,000
  • Total cost pa: £12,000

Location information

  • Approximately 3-minute walk from town centre
  • About 10 minutes from Doncaster Royal Infirmary
  • About 15 minutes from Doncaster station

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 Doncaster, South Yorkshire

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

The town 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 town 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 town; 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.

Point of reference - not exact location,

Styrrup,

Doncaster,

Nottinghamshire,

England,

DN11 8LU

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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.

In no event will we be liable for any loss or damage, including without limitation any loss or damage arising directly or indirectly out of or in connection with the use of this website and the information contained therein.

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