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Agent's details

5-Bed HMO Requiring Work in Doncaster Generating £22,611 PA

For sale: £135,000.00|Other, Other Property Types & Opportunities

Property details

FOR SALE£135,000.00
ADDRESS58 Balby Road, Doncaster, South Yorkshire, DN4 0JL
TYPEOther, Other Property Types & Opportunities
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON17th December 2021

Description

Attention all investors! An exciting opportunity has arisen to purchase an extremely high-yielding established HMO! Here we have a 5 bedroom, 2 bathroom property in Doncaster. The property is a fully functioning licensed and compliant HMO. There are works required and some real room to add significant value to the property.

This property is currently tenanted with a Gross Income of £22,611.84 per annum and the Gross Yield is 16.75%.

The property is centrally located in Doncaster within 0.7 miles from the town centre. Doncaster is an Article 4 area and this came into place in October 2019. The property is ideally located for tenants and is 500 feet away from local amenities and transport links are equally as accessible; within 154 feet is the local bus stop with three routes. In addition, Doncaster train station is within 0.7 miles (13 minute walk).

Income;

Room 1 - £346.66 (current) / Room 2 - £368 (Expected) / Room 3 - £368 (Expected) / Room 4 - £368.33 (Current) / Room 5 - £433.33 (Current)
Total; £1884.32 PCM / £22,611.84 PA

Gross Yield: 16.75%
2% +VAT Buyer's Fee

Reference: TSC-89016884

Location

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Location: 58 Balby Road, Doncaster, South Yorkshire, DN4 0JL

Doncaster (0.6 miles)

Bentley (South Yorks) (2.2 miles)

Conisbrough (3.9 miles)

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