No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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Exterior
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Mixed use

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Mixed use
5 bed
0 bath
EPC rating: E*
1,119 sq ft / 104 sq m

Property description & features

  • Tenure: Freehold
  • 5 Bedroom, 5 En-Suite HMO
  • Extensive Refurbishment
  • Tenants In-Situ
  • Well Located in Doncaster
  • Managed By Local Agent
  • Gross Income : £25,475.88 PA
  • Gross Yield : 13.06%
  • 2% +VAT Buyer's Fee
Attention all investors!!

This is a well run and established HMO for sale. The property comprises of a modern kitchen and 5 en-suite bedrooms. The property underwent a full back to brick refurbishment in 2017 and is still in great condition today. The HMO is managed by a local agent who has a strong reputation in Doncaster. Tenants love this property due to the standard and location of the HMO.

This is an established HMO which was previously rented to a corporate let. The current agent is filling the rooms with excellent tenants and it will have high occupancy rates. The Gross Income is £25,475.88 and the Gross Yield is 13.06%.

Located in Doncaster on Florence Avenue, the property is very well situated close by to the town centre (1.1 miles away). Local amenities are a short walk away with a One Stop shop 0.1 miles away (2-minute walk), a Premier store within 0.6 miles (12-minute walk), a pharmacy within 0.3 miles (6-minute walk) and the local Gym within 0.3 miles (7-minute walk). Transport links are easily accessible; the nearest bus stop is within 365 feet of the property with access to 3 separate routes into and around Doncaster. Doncaster train station is also accessible within 1.2 miles (25-minute walk).

Doncaster has seen vibrant economic activities around distribution and warehousing due to its location, and as a testament it’s home to a few Amazon warehouses. It’s also home to a popular racecourse and National College for High Speed Rail, training engineers for future HS2. Doncaster has also very recently been granted city status, meaning house prices will increase over time, making now a great time to invest in the area.

Please note Doncaster is now an Article 4 area. This came into play in October 2019, therefore making it increasingly difficult for any new HMOs in the area. Demand for tenants is still very high due to the high economic activity around distribution and warehousing, hence this is a great opportunity to purchase a well run, already established HMO in the area.

Income;

Room 1 - £433.33 / Room 2 - £433.33 / Room 3 - £411.50 / Room 4 - £433.33 / Room 5 - £411.50
Total; £2,122.99 PCM / £25,475.88 PA

Expenditure;

Gas & Electric - £167.49 / Water - £60.23 / Council Tax - £116.67 / Tv License - £13.37 / Broadband - £15 / Cleaner - £40 / Management - £212.30
Total; £625.06 PCM / £7,500.72 PA

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    OnTheMarket may have applied supplementary data to this property listing, including:

    Broadband availability and predicted speed: obtained from Ofcom on January 8, 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 8, 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 June 9, 2016 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.

    Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.

    *Call rate information

    Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.