Potential 4-Bed HMO, Barnsley, S70 6BD, £79,950

1 Hindle Street, Barnsley, South Yorkshire, S70 6BD - 144 views - 9 months ago

HMO
Cash
ROI: 20%
52 m²
+4 photos

ValuationOvervalued

Sold Prices£75K - £230K
Sold Prices/m²£809/m² - £2.3K/m²

 

 

Square Metres

52 m²
Price/m²£1.5K/m²

Value Estimate

£74,286

 

 

End Value (After Refurb)

£78,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£19,988

Stamp Duty & Legal Fees

£3,599

Refurb Costs

£20,598

Bridging Loan Interest

£2,099

Total Cash In

£48,032

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£78,000

Mortgage (After Refinance)

£58,500

Mortgage LTV

75%

Cash Left In

£48,032

Equity

£19,500

Room Rate

£459

Gross Rent

£1,836

Running Costs/mo

£1,032

Cashflow/mo

£804

Cashflow/yr

£9,647

ROI

20%

Gross Yield

28%

Local Sold Prices

50 sold prices from £75K to £230K, average is £126.5K. £809/m² to £2.3K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£126K07/210.01 mi38, Racecommon Road, Barnsley, South Yorkshire S70 6AF3
£122K03/230.06 mi39, Grafton Street, Barnsley, South Yorkshire S70 6AG3
£109K12/210.11 mi9, Blenheim Avenue, Barnsley, South Yorkshire S70 6AZ3
£92.5K11/210.12 mi42, Lancaster Street, Barnsley, South Yorkshire S70 6DX3
£87.5K01/210.12 mi12, Lancaster Street, Barnsley, South Yorkshire S70 6DX3
£122.5K06/230.14 mi12, Willow Street, Barnsley, South Yorkshire S70 6AW3
£125K03/230.14 mi9, Shaw Street, Barnsley, South Yorkshire S70 6JL3
£207.5K04/230.16 mi69, Blenheim Road, Barnsley, South Yorkshire S70 6AR3
£128K02/210.16 mi70, Blenheim Road, Barnsley, South Yorkshire S70 6AR3
£108K11/200.16 mi74, Blenheim Road, Barnsley, South Yorkshire S70 6AR3
£90K08/210.16 mi94, Castlereagh Street, Barnsley, South Yorkshire S70 1BA3
£122K10/210.17 mi84, Lancaster Street, Barnsley, South Yorkshire S70 6EW3
£120K06/230.17 mi101, Lancaster Street, Barnsley, South Yorkshire S70 6EW3
£84K02/210.17 mi101, Lancaster Street, Barnsley, South Yorkshire S70 6EW3
£122K03/210.2 mi42, Derby Street, Barnsley, South Yorkshire S70 6ES3
£170K01/230.2 mi70, Park Grove, Barnsley, South Yorkshire S70 1QB3
£125K08/210.21 mi14, Marlborough Terrace, Barnsley, South Yorkshire S70 1HD3
£87.5K04/230.21 mi3, Marlborough Terrace, Barnsley, South Yorkshire S70 1HD3
£122K12/200.21 mi14, Marlborough Terrace, Barnsley, South Yorkshire S70 1HD3
£76K05/230.21 mi23, Princess Street, Barnsley, South Yorkshire S70 1PG3
£142K11/200.23 mi3, Longcar Lane, Barnsley, South Yorkshire S70 6BB3
£230K04/210.25 mi19, Longcar Lane, Barnsley, South Yorkshire S70 1HE3
£100K08/210.25 mi39, Farrar Street, Barnsley, South Yorkshire S70 6BT3
£150K02/210.25 mi46, Farrar Street, Barnsley, South Yorkshire S70 6BT3
£115K02/230.26 mi71, Spring Street, Barnsley, South Yorkshire S70 1PB3
£135K09/210.27 mi143, Dodworth Road, Barnsley, South Yorkshire S70 6HL3
£225K05/230.27 mi109, Shaw Lane, Barnsley, South Yorkshire S70 6JA3
£201K05/230.28 mi24, Perseverance Street, Barnsley, South Yorkshire S70 6HD3
£127K04/230.28 mi4, King Edwards Gardens, Barnsley, South Yorkshire S70 6AT3
£98K08/210.31 mi12, Agnes Road, Barnsley, South Yorkshire S70 1NH3
£135K01/230.31 mi4, Charles Street, Barnsley, South Yorkshire S70 1RB3
£152.5K11/200.31 mi1, Wheatcrofts, Barnsley, South Yorkshire S70 6BZ3
£135K10/210.32 mi4, Della Avenue, Barnsley, South Yorkshire S70 6LG3
£130K12/200.32 mi20, Della Avenue, Barnsley, South Yorkshire S70 6LG3
£157K06/230.32 mi16, Della Avenue, Barnsley, South Yorkshire S70 6LG3
£157.5K03/210.33 mi10, Wheatcrofts, Barnsley, South Yorkshire S70 6BZ3
£180K10/220.33 mi136a, Blenheim Road, Barnsley, South Yorkshire S70 6AU3
£192K10/200.33 mi12, Locke Avenue, Barnsley, South Yorkshire S70 1QH3
£180K07/210.33 mi22, Locke Avenue, Barnsley, South Yorkshire S70 1QH3
£175K07/210.33 mi122, Blenheim Road, Barnsley, South Yorkshire S70 6AU3
£175K02/230.33 mi125, Blenheim Road, Barnsley, South Yorkshire S70 6AX3
£163K12/200.33 mi97, Blenheim Road, Barnsley, South Yorkshire S70 6AX3
£111.3K04/210.34 mi18, Park Street, Barnsley, South Yorkshire S70 1QZ3
£130.5K11/200.35 mi53, St Johns Road, Barnsley, South Yorkshire S70 1QU3
£137K12/200.35 mi11, Greenwood Terrace, Barnsley, South Yorkshire S70 2DA3
£115K06/230.35 mi3, Summer Street, Barnsley, South Yorkshire S70 2NU3
£75K08/230.36 mi34, Castle Street, Barnsley, South Yorkshire S70 1NT3
£145K10/200.38 mi11, Loxdale Gardens, Barnsley, South Yorkshire S70 2PH3
£120K12/200.39 mi10, Spencer Street, Barnsley, South Yorkshire S70 1QX3
£100K04/210.4 mi10, Westbourne Terrace, Barnsley, South Yorkshire S70 6HP3

Local Area Statistics

Population in S70

38,518

Population in Barnsley

197,410

Town centre distance

0.75 miles away

Nearest school

0.20 miles away

Nearest train station

0.52 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Seller's market

Capital growth (5yrs)

+30%

Property History

Listed for £79,950

July 19, 2024

Sold for £58,500

2021

Sold for £35,800

2019

Sold for £15,000

2002

Description

*Cash Buyers Only*

This unique 2/3 bedroom semidetached bungalow is positioned in this little known position, just off Racecommon Road on the outskirts of Barnsley town centre.

Having undergone full refurbishment in recent years, and now providing flexible accommodation with a stylish and contemporary interior. The property is currently a single dwelling, although could lend itself to be a HMO or similar, subject to any required consents.

The ground floor opens into the living kitchen space with a separate living room which could also be a third bedroom, in addition to the two bedrooms and modern shower room.

Externally, there is an enclosed patio forecourt garden to the front.

Agent Details

Armitage Residential, Barnsley

01226 447698

Next Steps?

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