This property is no longer on the market
6 bedroom terraced house
Key information
Property description & features
- Tenure: Freehold
- Licensed and Certified
- Fully tenanted
- BTL Investment
- Recently refurbished
- All rooms en suite
- Chain Free
- Remote Viewing Available
- Double Glazing
The annual gross income is £34,320. At the asking price of £230,000, the gross yield is therefore, approximately, 14.9%.
The monthly expenses have been estimated to be £918. This includes water, gas, electric, broadband, council tax, and managing agency fees. 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 £23,304.
Selling for the asking price of £230,000 results in a net yield of approximately 10.1%. Please note that this does not account for a mortgage or costs due to the purchasing process such as stamp duty land tax, valuation/survey costs, search costs, conveyancer fees, etc.
The current landlord bought the property before it was an HMO and invested in a refurbishment. Now, after having successfully run it as an HMO for some years, the landlord would like to sell it for a profit.
Having been built in approximately 1900, the design is that of an old-fashioned town house. It contains six bedrooms across three floors. Each bedroom comes with an en suite bathroom containing a shower, toilet and sink. The rooms are also furnished with a double-bed, wardrobe and bedside drawers.
The tenants share one modernized kitchen that is situated on the bottom floor. This contains two ovens, both fitted with electric hobs and oven hoods, and a man-sized fridge/freezer.
While the property is terraced, only one of the neighbouring properties is occupied. The property to the left, while an eyesore, is the one unoccupied and currently undergoing development.
The property is located only a five-minute drive from the city centre. It is also situated on the main road connecting the city centre to the south-west villages of Balby, Warmsworth and Conisbrough, making it an ideal residence for people employed in any of those areas. Within walking distance are a Lidl supermarket, a post office and various food outlets.
We (CREATE) are both overseeing the sale of the property and are currently managing its tenancy. We ensure that all mandatory property checks are made and keep certificates and records as proof. We also do six-monthly inspections.
Doncaster has recently acquired city status which should bring investment over the next few years. The city also has its longstanding attractions, those being the racecourse, bars & nightclubs, a cinema, a bowling alley, the Keepmoat stadium and the Dome leisure centre.
Council Tax Band: A (Doncaster Council)
Tenure: Freehold
Places of interest
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Property reference RS0017. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Create Living - Wheatley.
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Broadband availability and predicted speed: obtained from Ofcom on January 7, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on January 7, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on October 1, 2023 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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