Doncaster, DN5 9LN | Investment Property for Sale | VES-DN5-014

Opportunity to buy a property generating 9% gross yield close to Doncaster city centre

£60,000

Apartment

VES-DN5-014

INITIAL INVESTMENT

£28,060

GROSS RENT / YIELD

£5,400 / 9.0%

NET RENT / YIELD

£3,030 / 5.0%

Long-term tenant

Tenants that stay for long periods feel they have a stake in the property and are more likely to treat it as though it was theirs.

Benefits include:

  • Steady income
  • Minimised wear and tear
  • Fewer void periods

The property

TENANCY

Tenanted

TENURE

Leasehold

GROUND RENT

£125

SERVICE CHARGE

£715

1 bedroom

1 bathroom

1 reception room

450

Unfurnished

Leasehold Details

  • Length of lease: 999 years starting 2008

Tenancy

RENT

£5,400 p.a. / £450 pcm

TENANCY DEPOSIT

£0

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

over 3 years ago

TENANCY AGREEMENT ENDS

Periodic

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

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

£3,030

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

5.0%

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

FULLY MANAGED OPERATING COSTS

£2,370

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 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.

Amersall Road,

Doncaster,

South Yorkshire,

England,

DN5 9LN

What makes us different?

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Benefits include:

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