Doncaster, DN4 0QE | Investment Property for Sale | VES-DN4-001

Opportunity to purchase a terraced HMO in Doncaster generating £19,764 in rent p.a. & a 12.7% gross yield

£155,000

HMO Terraced House

VES-DN4-001

INITIAL INVESTMENT

£70,650

GROSS RENT / YIELD

£19,764 / 12.8%

NET RENT / YIELD

£15,180 / 9.8%

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Above average yield

Through our expertise and research, we have found that this property is above the average of this location based on data from REalyse, PropertyData and Zoopla

The higher the yield the stronger the return on investment.

The property

TENANCY

Tenanted

TENURE

Freehold

5 bedrooms

5 bathrooms

1 reception room

1,255

Fully Furnished

Property details

  • Fully let 5-bedroom HMO, all with en-suite bathrooms over 3 floors
  • Recently refurbished and furnished to a high standard
  • Fully managed and turn-key investment opportunity
  • Full licenced HMO

We are currently awaiting the AST for 1 room and can currently provide room payment breakdown upon request.

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

Running costs:

  • Lettings at 15%: £247 pcm
  • Glide Bills: £283 pcm
  • Council Tax: £85 pcm
  • Landlords insurance: £12pcm
  • Total pcm: £627
  • Total pa: £7,524

Please contact us for a bespoke financial analysis.

Market Trends

Sales Trends

  • Prices in DN4 have increased 20.97% over the last 5 years (-2% over the last 12 months) and are £130k which varies by property type (£68k for a 1-bed flat to £347k for a 5-bed detached property).

  • On average, there have been 74 properties sold per month in the area in the last 12 months.

Rental Trends

  • Rents in DN4 are now at £526 per month (+5% over the last 12 month).

  • Given prices in the area, gross yield is currently 6.5% which is higher than the national average of 4.7% and the wider DT postcode of 5.3%.

  • This property is currently achieving a gross yield of 12.8% which is 49% higher than the area.

Sources: REalyse - accessed 16/04/2019

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

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Rental Income

GROSS RENT PER ANNUM

£19,764

Equivalent of £1,647 per calendar month (PCM).

GROSS RENTAL YIELD

12.8%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£15,180

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

9.8%

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

FULLY MANAGED OPERATING COSTS

£4,584

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

Click to understand assumptions.

Disclaimer

All financial information is provided as a guideline only, is based on estimates and assumptions and is subject to change. Buyers are advised to seek independent financial advice. Capital at risk.

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.

Earlesmere Avenue,

Doncaster,

South Yorkshire,

England,

DN4 0QE

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Questions?

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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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