Maltby, S66 7HL | Investment Property for Sale | VES-S66-001

Opportunity to purchase a terraced house in Maltby generating £6,000 rent pa and a gross yield of 8%

£75,000

Terraced House

VES-S66-001

INITIAL INVESTMENT

£35,650

GROSS RENT / YIELD

£6,000 / 8.0%

NET RENT / YIELD

£4,608 / 6.1%

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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

Vacant

TENURE

Freehold

3 bedrooms

1 bathroom

1 reception room

893

Unfurnished

This property is currently vacant and the landlord is in the process of releting.

Market Trends

Sales Trends

  • Prices in S66 have increased 22% over the last 5 years (-1% over the last 12 months) and are £134k which varies by property type (£112k for a 1-bed flat to £484k for a 5-bed detached property).

  • On average, there have been 49 properties sold per month in the area in the last 12 months.

  • In comparison, prices in the wider Sheffield S postcode area are £143k (+2% over the last 12 months) and range between £101k for a 1-bed flat to £414k for a 5-bed detached property.

Rental Trends

  • Rents in S66 are now at £496 per month (+6% over the last 12 month). On average, there have been 23 properties listed for rent per month in the area in the last 12 months.

  • Given prices in the area, gross yield is currently 5.2% which is higher than the national average of 4.7% and lower than the wider Sheffield S area of 5.5%.

  • This property is currently achieving a gross yield of 8% which is 35% higher than the area.

  • Median rent for a terraced property is £496 pcm (£5,952 pa) (+6% over the last 12 months). This property is expected to generate £500 pcm (£6,000 pa).

Source: REalyse - 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

£6,000

Equivalent of £500 per calendar month (PCM).

GROSS RENTAL YIELD

8.0%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£4,608

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

6.1%

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

FULLY MANAGED OPERATING COSTS

£1,392

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 South & West Yorkshire

South Yorkshire

South Yorkshire is a metropolitan county in the north of England that consists of four metropolitan boroughs Barnsley, Doncaster, Rotherham and Sheffield. This county lies on the east side of the Pennines, it borders Derbyshire to the west and south-west, West Yorkshire to the north-west, North Yorkshire to the north, the East Riding of Yorkshire to the north-east, Lincolnshire to the east and Nottinghamshire to the south-east.

The area is serviced by Doncaster Sheffield Airport, one of the two airports in Yorkshire. It is located 3 miles south-east from Doncaster town centre and 19 miles east of Sheffield. This airport operates to many domestic and European locations and is the 15th busiest airport in the UK.

West Yorkshire

West Yorkshire is a metropolitan county in the north of England. It is made up of five metropolitan boroughs which are the City of Bradford, Calderdale, Kirklees, City of Leeds, and City of Wakefield. This county is bordered by Derbyshire to the south, Greater Manchester to the south-west, Lancashire to the north-west, north Yorkshire to the north and east and south Yorkshire to the south and south-east.

West Yorkshire is home to Leeds Bradford Airport, situated 6.9 miles northwest of Leeds city centre and 9.2 miles from Bradford City Centre. It is the largest airport in Yorkshire and serves the cities of Leeds and Bradford as well as the surrounding areas.

This region is historically associated with several traditional industries. Leeds, Bradford and Halifax mostly associated with the development of woollen mills and other coal mining areas. In more contemporary times Leeds has attracted investment from several financial institutions in an attempt to transform the city in to the financial centre it is recognised as today. Many banks, building societies and insurance companies have offices across the city centre of Leeds. Wakefield has established itself as a centre for service-based industries, in particular call centres can be found in this city employing huge numbers of locals. In addition, two of the major four supermarkets are from West Yorkshire, these being Morrisons that is based in Bradford and Asda which is based in Leeds.

Scarbrough Crescent,

Maltby,

Rotherham,

South Yorkshire,

England,

S66 7HL

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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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