Opportunity to purchase a HMO property in Doncaster generating £31,464 rent pa & gross yield of 11.5%
£274,000
HMO Terraced House
VES-DN4-007
INITIAL INVESTMENT
£82,920
Based on
deposit: £68,500
stamp duty: £11,920
mortgage fees: £1,500
conveyancing fees: £1,000
GROSS RENT
£31,464
GROSS YIELD
11.5%
The property
TENANCY
Tenanted
TENURE
Freehold
6 bedrooms
5 bathrooms
TBC
Fully Furnished
Property information
- Fully HMO licenced
- Spread over 3 floors
- 6 x bedrooms
- 4 bedrooms have ensuite shower rooms
- The other 2 tenants share the use of 1 bathroom
- Shared kitchen/dining room
- EPC rating D
- Council tax band A
Rental information
- Room 1 - £477 pcm
- Room 2 - £412 pcm
- Room 3 - £455 pcm
- Room 4 - £368 pcm
- Room 5 - £433 pcm
- Room 6 - £477
- Monthly rental income: £2,622
- Annual rental income: £31,464
Running costs
The vendor provided us with the following running costs of the property:
- Total cost pcm: £830,83
- Total cost pa: £9,970
Location information
- The property is located in the Hexthorpe area of Doncaster
- Doncaster city centre is around 1.2 miles from the property
- There is a bus stop a short walk away with regular services
- Doncaster railway station is also 1.2 miles from the property
- Local amenities are just a short walk away
- Easy access to the A630
Note
Please note that Vesta has not visited this property and that the vendor has provided all material.
Floorplans
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.
Rose Avenue,
Doncaster,
South Yorkshire,
England,
DN4 8BH
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