2 Bed Terraced House, Single Let, Barnsley, S71 1QD, £60,000

188 Honeywell Street, Barnsley, South Yorkshire, S71 1QD - 2 views - 9 months ago

Sold STC

Auction

BTL

ROI: 18%

54 m²

+1 photos

ValuationUndervalued

Sold Prices	£50K - £320K
Sold Prices/m²	£991/m² - £4.1K/m²

Square Metres	54 m²
Price/m²	£1.1K/m²
Value Estimate	£74,400£74,400
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£15,000£15,000
Stamp Duty & Legal Fees	£3,000£3,000
Total Cash In	£18,000£18,000

Cash Out
Rent Range	£550 - £1,250£550 - £1,250
Rent Estimate	£600
Running Costs/mo	£328£328
Cashflow/mo	£273£273
Cashflow/yr	£3,270£3,270
ROI	18%18%
Gross Yield	12%12%

Local Sold Prices

50 sold prices from £50K to £320K, average is £91.5K. £991/m² to £4.1K/m², average is £1.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£135K	07/23	0.09 mi	79, Canal Street, Barnsley, South Yorkshire S71 1LR	£2,288	59	2	Semi-Detached House
£190K	09/21	0.11 mi	26, Honeywell Lane, Barnsley, South Yorkshire S75 1DB	£2,533	75	2	Detached House
£130K	06/23	0.11 mi	6, Issott Street, Barnsley, South Yorkshire S71 1QF	-	-	2	Semi-Detached House
£91K	03/21	0.15 mi	7, Stone Street, Barnsley, South Yorkshire S71 1QT	£1,655	55	2	Semi-Detached House
£95K	03/21	0.15 mi	67, Rockingham Street, Barnsley, South Yorkshire S71 1JS	£1,145	83	2	Terraced House
£110K	01/24	0.19 mi	30, Honeywell Street, Barnsley, South Yorkshire S71 1PZ	£1,833	60	2	Terraced House
£187.5K	02/21	0.21 mi	32, Carrington Avenue, Barnsley, South Yorkshire S75 1BW	£2,407	78	2	Detached House
£85K	05/23	0.22 mi	83, Bridge Street, Barnsley, South Yorkshire S71 1PW	£1,700	50	2	Terraced House
£320K	07/21	0.24 mi	42, Allendale Road, Barnsley, South Yorkshire S75 1BJ	£4,103	78	2	Detached House
£74K	02/21	0.26 mi	13, Smithies Street, Barnsley, South Yorkshire S71 1RB	£991	75	2	Semi-Detached House
£53K	04/21	0.26 mi	72, Old Mill Lane, Barnsley, South Yorkshire S71 1PN	£1,039	51	2	Terraced House
£82K	12/20	0.26 mi	114, Old Mill Lane, Barnsley, South Yorkshire S71 1PS	£1,438	57	2	Terraced House
£61K	07/21	0.26 mi	102, Old Mill Lane, Barnsley, South Yorkshire S71 1PS	-	-	2	Terraced House
£67.5K	07/23	0.26 mi	92, Old Mill Lane, Barnsley, South Yorkshire S71 1PS	£1,144	59	2	Terraced House
£75K	01/23	0.31 mi	92, Eldon Street North, Barnsley, South Yorkshire S71 1LQ	£1,249	60	2	Terraced House
£50K	03/23	0.32 mi	31, Bridge Street, Barnsley, South Yorkshire S71 1PL	£1,020	49	2	Terraced House
£72.5K	09/21	0.36 mi	9, Vernon Street North, Barnsley, South Yorkshire S71 1DB	£3,625	20	2	Terraced House
£76K	02/21	0.37 mi	8, Beckett Street, Barnsley, South Yorkshire S71 1BN	£1,206	63	2	Terraced House
£71K	08/21	0.37 mi	15, Beckett Street, Barnsley, South Yorkshire S71 1BN	-	-	2	Terraced House
£110K	01/23	0.37 mi	15, Beckett Street, Barnsley, South Yorkshire S71 1BN	-	-	2	Terraced House
£89K	04/21	0.37 mi	28, Meadow Street, Barnsley, South Yorkshire S71 1DE	£1,219	73	2	Terraced House
£110K	03/24	0.37 mi	26, Meadow Street, Barnsley, South Yorkshire S71 1DE	£1,507	73	2	Terraced House
£90K	08/23	0.37 mi	17, Meadow Street, Barnsley, South Yorkshire S71 1DE	-	-	2	Semi-Detached House
£128.5K	11/23	0.41 mi	19, Twibell Street, Barnsley, South Yorkshire S71 1DG	£1,548	83	2	Terraced House
£92K	11/23	0.41 mi	20, James Street, Barnsley, South Yorkshire S71 1BL	-	-	2	Terraced House
£73K	11/20	0.41 mi	21, James Street, Barnsley, South Yorkshire S71 1BL	£1,352	54	2	Terraced House
£80K	08/23	0.41 mi	2, James Street, Barnsley, South Yorkshire S71 1BL	-	-	2	Terraced House
£72K	05/21	0.44 mi	62, Mottram Street, Barnsley, South Yorkshire S71 1BH	-	-	2	Terraced House
£95K	08/21	0.44 mi	55, Mottram Street, Barnsley, South Yorkshire S71 1BH	£1,638	58	2	Terraced House
£72K	05/21	0.44 mi	62, Mottram Street, Barnsley, South Yorkshire S71 1BH	-	-	2	Terraced House
£103K	02/24	0.44 mi	50, Mottram Street, Barnsley, South Yorkshire S71 1BH	£1,561	66	2	Terraced House
£122.5K	06/23	0.44 mi	85, Wakefield Road, Barnsley, South Yorkshire S71 1ND	£1,655	74	2	Semi-Detached House
£219K	09/23	0.44 mi	35, Hall Bank, Barnsley, South Yorkshire S75 1EX	-	-	2	Detached House
£100K	05/21	0.45 mi	109b, Harborough Hill Road, Barnsley, South Yorkshire S71 1BQ	£1,786	56	2	Semi-Detached House
£166.6K	02/24	0.48 mi	23, Burton Bank Road, Barnsley, South Yorkshire S71 2AB	£1,935	86	2	Semi-Detached House
£120K	12/20	0.52 mi	12, Greenwood Terrace, Barnsley, South Yorkshire S70 2DA	£1,379	87	2	Terraced House
£220K	12/23	0.54 mi	39, Harborough Hill Road, Barnsley, South Yorkshire S71 1BB	-	-	2	Detached House
£220K	12/22	0.54 mi	24, Westbourne Grove, Barnsley, South Yorkshire S75 1AE	-	-	2	Detached House
£89K	04/21	0.55 mi	18, Burton Road, Monk Bretton, Barnsley, South Yorkshire S71 2AA	£1,060	84	2	Terraced House
£78K	12/20	0.55 mi	70, Burton Road, Barnsley, South Yorkshire S71 2AA	£1,279	61	2	Terraced House
£75K	11/20	0.55 mi	92, Burton Road, Monk Bretton, Barnsley, South Yorkshire S71 2AA	£1,230	61	2	Terraced House
£72K	11/20	0.55 mi	9, Summer Street, Barnsley, South Yorkshire S70 2NU	£1,108	65	2	Terraced House
£93K	01/23	0.57 mi	5, Cutty Lane, Barnsley, South Yorkshire S75 2TE	-	-	2	Terraced House
£166K	01/23	0.6 mi	16, Bowfell View, Barnsley, South Yorkshire S71 2AE	£2,213	75	2	Detached House
£90K	11/21	0.63 mi	27, Queens Avenue, Barnsley, South Yorkshire S75 2AZ	£1,646	55	2	Terraced House
£88K	02/21	0.64 mi	18, Queens Avenue, Barnsley, South Yorkshire S75 2AZ	£1,355	65	2	Terraced House
£86K	04/21	0.64 mi	26, Queens Avenue, Barnsley, South Yorkshire S75 2AZ	£1,250	69	2	Terraced House
£92K	04/23	0.64 mi	61, Queens Avenue, Barnsley, South Yorkshire S75 2AZ	-	-	2	Terraced House
£185K	08/21	0.64 mi	84, Newhill Road, Barnsley, South Yorkshire S71 1XH	-	-	2	Detached House
£100K	03/21	0.65 mi	2, Carlton Road, Barnsley, South Yorkshire S71 1UA	£1,299	77	2	Semi-Detached House

Local Rents

29 rents from £550/mo to £1.3K/mo, average is £725/mo.

Rent	Date	Distance	Address	Beds	Type
£875	12/24	0.04 mi	-	2	Bungalow
£875	04/25	0.04 mi	-	2	Bungalow
£725	12/24	0.07 mi	-	2	Semi-Detached House
£700	12/24	0.18 mi	-	2	Semi-Detached House
£650	09/24	0.29 mi	Orchard Court, Cockerham Lane, Barnsley	2	Flat
£675	12/24	0.29 mi	-	2	Terraced House
£725	12/24	0.3 mi	Honeywell Street, Barnsley, South Yorkshire, S71	2	Terraced House
£595	11/23	0.3 mi	Eldon Street North, Barnsley, S71	2	Terraced House
£650	02/24	0.3 mi	-	2	Flat
£650	01/25	0.3 mi	-	2	Flat
£550	11/24	0.32 mi	-	2	Flat
£550	04/25	0.32 mi	-	2	Flat
£675	04/25	0.39 mi	-	2	Terraced House
£625	12/24	0.4 mi	-	2	Terraced House
£650	08/24	0.45 mi	James Street, Barnsley, S71 1BL	2	Terraced House
£650	04/25	0.45 mi	-	2	Semi-Detached House
£735	09/24	0.46 mi	High Balk, BARNSLEY	2	Flat
£750	12/24	0.49 mi	Regent Street, Barnsley	2	Flat
£850	02/24	0.51 mi	-	2	Flat
£1,250	12/24	0.51 mi	-	2	Flat
£1,250	03/25	0.51 mi	-	2	Flat
£1,250	04/25	0.51 mi	-	2	Flat
£795	12/24	0.53 mi	36 Regent CourtRoyal StreetBarnsley	2	Flat
£550	08/24	0.55 mi	Sackville Heights, Barnsley, S70	2	Flat
£675	04/25	0.55 mi	-	2	Flat
£805	08/24	0.61 mi	Fitzwilliam Street, Barnsley	2	Flat
£795	08/24	0.61 mi	Sackville Street, Barnsley	2	Flat
£795	12/24	0.61 mi	Sackville Street, Barnsley	2	Flat
£795	12/24	0.61 mi	Sackville Street, Barnsley	2	Flat

Local Area Statistics

Population in S71	45,19445,194
Population in Barnsley	197,410197,410
Town centre distance	0.92 miles away0.92 miles away
Nearest school	0.50 miles away0.50 miles away
Nearest train station	0.53 miles away0.53 miles away

Rental growth (12m)	-8%-8%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+34%+34%

Property History

Listed for £60,000

July 26, 2024

Description

**Guide Price £60,000 * 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 12:10.**

For Sale by online Auction, bidding opens Thursday 29th August at 10:00am. A well-proportioned two-bedroom mid-terrace property, the property is to be sold with a sitting tenants, from 14th August 2024 the tenants are to sign a brand new AST, the rent agreed is £600pcm.

Description
Honeywell Street in Barnsley is a Popular residential street. It is close to all the amenities you need, with local shops and schools just a stone's throw away. Plus, the town centre is within easy reach along with the bus station /Train station.

The property is currently managed by local letting agency And Lets, The director of the agency has confirmed to ourselves, they are happy to continue their management once the property is sold.

INVESTMENT OPPORTUNITY WITH SITTING TENANT PAYING £600PCM, TENANT IS WISHING TO STOP LONG TERM

Photos & Video tour taken on 09/08/2024

Tenure:
Freehold
Council tax rating: A
EPC Rating: D (68)

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).

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?

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

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ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

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Local Area Statistics

Property History

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents