2 Bed Semi-Detached House, Single Let, Barnsley, S71 5NA, £68,000

5 Michael Road, Barnsley, South Yorkshire, S71 5NA - 7 views - 9 months ago

Sold STC
Auction
BTL
ROI: 19%
76 m²
+1 photos

ValuationUndervalued

Sold Prices£50K - £225K
Sold Prices/m²£675/m² - £3K/m²

 

 

Square Metres

76 m²
Price/m²£895/m²

Value Estimate

£81,600
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£17,000

Stamp Duty & Legal Fees

£3,240

Total Cash In

£20,240

 

 

Cash Out

 

Rent Range

£550 - £845

Rent Estimate

£700

Running Costs/mo

£373

Cashflow/mo

£328

Cashflow/yr

£3,930

ROI

19%

Gross Yield

12%

Local Sold Prices

50 sold prices from £50K to £225K, average is £110K. £675/m² to £3K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£80K05/230.02 mi5, Michael Road, Barnsley, South Yorkshire S71 5NA2
£98K10/230.07 mi45, Lang Avenue, Barnsley, South Yorkshire S71 5LT2
£64.3K06/210.22 mi59, Abbots Road, Barnsley, South Yorkshire S71 5NL2
£108K04/230.22 mi367, Pontefract Road, Barnsley, South Yorkshire S71 5JJ2
£130K12/230.33 mi83, Abbots Road, Barnsley, South Yorkshire S71 5NN2
£170K12/230.42 mi21, Harrington Court, Barnsley, South Yorkshire S71 5JR2
£170K11/210.42 mi312, Pontefract Road, Barnsley, South Yorkshire S71 5JW2
£160.5K04/210.49 mi24, Parish Way, Monk Bretton, Barnsley, South Yorkshire S71 2JW2
£110K03/210.49 mi9, Cloisters Way, Monk Bretton, Barnsley, South Yorkshire S71 2JN2
£164K01/240.53 mi19, Parish Way, Monk Bretton, Barnsley, South Yorkshire S71 2JH2
£210K02/240.53 mi1, Oriel Way, Monk Bretton, Barnsley, South Yorkshire S71 2JF2
£100K09/230.57 mi4, Rectory Way, Monk Bretton, Barnsley, South Yorkshire S71 2JE2
£140K02/230.59 mi60, Long Causeway, Monk Bretton, Barnsley, South Yorkshire S71 2JA2
£107.5K04/240.61 mi40, Littleworth Lane, Barnsley, South Yorkshire S71 2JR2
£142K12/200.61 mi44, Bishops Way, Monk Bretton, Barnsley, South Yorkshire S71 2HR2
£160K04/210.65 mi28, Long Causeway, Monk Bretton, Barnsley, South Yorkshire S71 2HX2
£197K09/230.68 mi22, Arundell Drive, Barnsley, South Yorkshire S71 5LE2
£166.2K09/210.7 mi20, Bishops Way, Monk Bretton, Barnsley, South Yorkshire S71 2HW2
£225K11/210.7 mi38, Northumberland Way, Ardsley, Barnsley, South Yorkshire S71 5DH2
£121K04/230.7 mi2, Oakland Avenue, Barnsley, South Yorkshire S71 2NT2
£50K03/210.71 mi8, Grange Lane, Barnsley, South Yorkshire S71 5AE2
£62K07/230.71 mi2, Grange Lane, Barnsley, South Yorkshire S71 5AE2
£68K10/230.71 mi4a, Scarr Lane, Barnsley, South Yorkshire S71 5BB2
£73K01/210.71 mi29, Mount Street, Ardsley, Barnsley, South Yorkshire S71 5BD2
£95K07/210.71 mi26, Mount Street, Ardsley, Barnsley, South Yorkshire S71 5BD2
£165K11/230.73 mi6, Larchfield Place, Monk Bretton, Barnsley, South Yorkshire S71 2NX2
£180K05/230.73 mi31, Waycliffe, Monk Bretton, Barnsley, South Yorkshire S71 2HN2
£175K01/240.73 mi20, Waycliffe, Monk Bretton, Barnsley, South Yorkshire S71 2HN2
£122.5K06/210.73 mi60, Pine Hall Drive, Monk Bretton, Barnsley, South Yorkshire S71 2NS2
£160K01/240.74 mi9, Arundell Drive, Barnsley, South Yorkshire S71 5LF2
£185K05/210.75 mi24, Northumberland Way, Ardsley, Barnsley, South Yorkshire S71 5DH2
£135K02/240.77 mi10, Lowlands Close, Monk Bretton, Barnsley, South Yorkshire S71 2NU2
£175K06/210.77 mi14, Horse Carr View, Ardsley, Barnsley, South Yorkshire S71 5HF2
£108K04/210.78 mi2a, New Street, Stairfoot, Barnsley, South Yorkshire S71 5AJ2
£92K10/230.78 mi1, New Street, Stairfoot, Barnsley, South Yorkshire S71 5AJ2
£87K05/230.79 mi5, Grange Lane, Barnsley, South Yorkshire S71 5AA2
£85K10/230.79 mi19, Grange Lane, Barnsley, South Yorkshire S71 5AA2
£56K08/210.81 mi2, Oxford Street, Stairfoot, Barnsley, South Yorkshire S71 5AH2
£147K08/230.82 mi321b, Burton Road, Barnsley, South Yorkshire S71 2QF2
£56K08/230.82 mi7, Monk Terrace, Barnsley, South Yorkshire S71 5RR2
£60K09/210.82 mi7, Monk Terrace, Barnsley, South Yorkshire S71 5RR2
£75K04/230.82 mi5, Monk Terrace, Barnsley, South Yorkshire S71 5RR2
£110K07/210.82 mi534, Doncaster Road, Ardsley, Barnsley, South Yorkshire S71 5AQ2
£87.5K10/210.83 mi18, Gordon Street, Stairfoot, Barnsley, South Yorkshire S70 3PX2
£67K11/210.83 mi43, Gordon Street, Stairfoot, Barnsley, South Yorkshire S70 3PX2
£79K02/210.83 mi44, Shaftesbury Street, Stairfoot, Barnsley, South Yorkshire S70 3PU2
£135K11/200.84 mi8, April Close, Monk Bretton, Barnsley, South Yorkshire S71 2PF2
£129K10/230.87 mi35, Fish Dam Lane, Monk Bretton, Barnsley, South Yorkshire S71 2PX2
£90K05/230.88 mi5, Foster Street, Stairfoot, Barnsley, South Yorkshire S70 3EW2
£105K04/210.89 mi4, Bude Court, Monk Bretton, Barnsley, South Yorkshire S71 2QP2

Local Rents

22 rents from £550/mo to £845/mo, average is £700/mo.

RentDateDistanceAddressBeds 
£59512/240.34 miPoplar Grove, Lundwood2
£77001/250.69 mi-2
£68004/250.78 mi-2
£70011/240.79 mi-2
£65008/240.79 miHill Street, Barnsley, S71 5AL2
£55008/240.8 mi-2
£55008/240.8 mi-2
£70012/240.81 mi-2
£72510/240.82 mi-2
£72508/240.83 mi-2
£72512/240.84 mi-2
£72508/240.84 mi-2
£75004/250.84 mi-2
£65012/240.86 mi-2
£67512/240.9 miDaycroft, Monk Bretton, Barnsley, S712
£65012/240.9 miDaycroft, Monk Bretton, Barnsley, S712
£67509/240.9 mi-2
£72504/250.9 mi-2
£65012/240.92 mi-2
£80012/241.09 miMerchant Croft, Barnsley, S712
£82512/241.11 mi-2
£84504/251.11 mi-2

Local Area Statistics

Population in S71

45,194

Population in Barnsley

197,410

Town centre distance

1.53 miles away

Nearest school

0.40 miles away

Nearest train station

1.75 miles away

 

 

Rental growth (12m)

-8%

Sales demand

Seller's market

Capital growth (5yrs)

+34%

Property History

Listed for £68,000

July 22, 2024

Description

**Guide Price £68,000 * Plus 5% Buyers Premium + VAT

For sale by unconditional online auction on the 29th of August at 10:00.

Registration is now open. Bidding opens on 29th of August at 10:00 and the auction ends 29th of August at 12:05.**

For Sale by online Auction, bidding opens Thursday 29th August at 10:00am. A well-proportioned Two-bedroom semi-detached property, the property is to be sold with a sitting tenant that moved in July 2023, the agreed rent is £700pcm.

Description
For Sale by online Auction, bidding opens Thursday 29th August at 10:00am. A well-proportioned two-bedroom semi-detached property, the property is to be sold with a sitting tenant that moved in July 2023, the agreed rent is £700pcm.

A spacious two-bedroom semi-detached property located in Barnsley. The property which briefly comprises of Two double bedrooms, bathroom, Downstairs WC, Living room and Kitchen/diner and Garage

Tenure:
Freehold
Council tax rating: A
EPC Rating: C (71)

Disclaimer
PHOTO'S SHOWN WERE TAKEN IN JANUARY 2023, TOWN & COUNTRY PROPERTY AUCTIONS HAVE NOT INSPECTED THE PROPERTY.

STRICTLY NO VIEWINGS

Legal Pack
A legal pack is a collaboration of important documents of the property or land that is going to be sold at auction. To review the legal pack, click the Legal Documents button at the bottom of this advert or visit tcpa.co.uk.

Auction Information.
To view the auction information, click the Online Bidding button at the bottom of this advert or visit tcpa.co.uk.

UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 5%+VAT (subject to a minimum of £5,000+VAT) buyers premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).

Pre Auction Offers Are Considered
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.

Special Conditions
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.

Agent Details

Town & Country Property Auctions, Wrexham - Auctions

01978 803835

Next Steps?

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