5 Bed Terraced House For Sale

An HMO with five bedrooms. Each features an en suite bathroom.

At full occupation, the annual gross income is £23,440. At the asking price of £180,000, the gross yield is therefore, approximately, 13.0%.

The total expenses per month are £1,307.05. This includes water, gas, electric, broadband, council tax, and managing agency fees but is currently innacurate due to a faulty energy meter. Please note that this does not include maintenance costs as they are irregular and inconsistent.

Given the cost of expenses per month, the annual net income is therefore £7,755.40.

Selling for the asking price of £180,000 results in a net yield of approximately 4.31%. Please note that this does not account for a mortgage or costs resulting from the purchasing process such as stamp duty land tax, valuation/survey costs, search costs, conveyancer fees, etc.

The house is currently fully-tenanted, ideal for a someone looking for a secure investment.

Located in Wombwell, this property is away from the hustle & bustle of Barnsley's centre but is close enough to be a desireable home for those who work there.

This property has been converted into an HMO in recent years. In doing so, even the kitchen, which remained functionally the same, has been modernized.

The interior is brightly coloured, painted white and a light grey throughout. This is accentuated by the dark tiling on kitchen walls and floor.

On-street parking is available.

Council Tax Band: A (Barnsley Metropolitan Borough Council)
Tenure: Freehold