6 Bed HMO, Barnsley, S70 1QE, £200,000

123 Park Grove, Barnsley, S70 1QE - 8 views - 2 years ago

HMO
ROI: 17%
130 m²
+11 photos

ValuationUndervalued

Sold Prices£329K - £700K
Sold Prices/m²£2K/m² - £3K/m²

 

 

Square Metres

130 m²
Price/m²£1.5K/m²

Value Estimate

£250,000
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£11,200

Total Cash In

£61,200

 

 

Cash Out

 

Room Rate

£442

Gross Rent

£2,652

Running Costs/mo

£1,801

Cashflow/mo

£851

Cashflow/yr

£10,213

ROI

17%

Gross Yield

16%

Local Sold Prices

7 sold prices from £329K to £700K, average is £420K. £2K/m² to £3K/m², average is £2.5K/m².

PriceDateDistanceAddressBeds 
£518K09/210.66 mi2, Victoria Street, Barnsley, South Yorkshire S70 2BQ6
£329K05/230.66 mi6, Victoria Street, Barnsley, South Yorkshire S70 2BQ6
£435K03/211.2 mi18, Roundacre, Barnsley, South Yorkshire S75 1EZ6
£375K03/211.2 mi10, Roundacre, Barnsley, South Yorkshire S75 1EZ6
£420K03/231.2 mi8, Roundacre, Barnsley, South Yorkshire S75 1EZ6
£700K11/201.77 mi41, Station Road, Worsbrough, Barnsley, South Yorkshire S70 4SY6
£380K01/211.96 mi437, Rotherham Road, Barnsley, South Yorkshire S71 1UX6

Local Area Statistics

Population in S70

38,518

Population in Barnsley

197,410

Town centre distance

0.68 miles away

Nearest school

0.30 miles away

Nearest train station

0.61 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Seller's market

Capital growth (5yrs)

+30%

Property History

Price changed to £200,000

March 8, 2025

Price changed to £210,000

February 20, 2025

Price changed to £215,000

November 15, 2024

Listed for £225,000

October 19, 2023

Description

  • Six bedroom HMO +
  • Town centre location +
  • Access to motorway +
  • Three story +

Introducing to the market this six bedroom HMO situated on the sought after location of Park Grove, Barnsley. Accommodating a shared communal kitchen, two bathrooms and additional separate toilet. Each room generating between £90 - £100 per week. With PVCU double glazing and gas central heating throughout. The property itself includes six separate rooms and an enclosed paved yard. With a close proximity to amenities, transport links, Barnsley Hospital and the town centre. Call Hunters Estate Agents today to arrange your viewing.

Entrance Hall -

Bedroom One -

Bedroom Two -

Kitchen/ Diner -

Shower Room -

W/C -

Landing -

Bedroom Three -

Bedroom Four -

Bedroom Five -

Family Bathroom -

Bedroom Six -

Agent Details

Hunters, Barnsley

01226 447915

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪