2 Bed Terraced House, Single Let, Barnsley, S73 8JD, £56,000

Bond Street, Barnsley, South Yorkshire, S73 8JD - 3 views - 7 months ago

Under Offer
BTL
ROI: 14%
~68 m²
+11 photos

ValuationUndervalued

Sold Prices£47K - £160K
Sold Prices/m²£675/m² - £2.5K/m²

 

 

Square Metres

~68.11 m²
Price/m²£822/m²

Value Estimate

£70,000
BMV25%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£14,000

Stamp Duty & Legal Fees

£4,000

Total Cash In

£18,000

 

 

Cash Out

 

Rent Range

£550 - £800

Rent Estimate

£500

Running Costs/mo

£295

Cashflow/mo

£205

Cashflow/yr

£2,460

ROI

14%

Gross Yield

11%

Local Sold Prices

50 sold prices from £47K to £160K, average is £86.5K. £675/m² to £2.5K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£70K02/210.04 mi29, Barnsley Road, Wombwell, Barnsley, South Yorkshire S73 8HT2
£70K01/210.04 mi81, Barnsley Road, Wombwell, Barnsley, South Yorkshire S73 8HT2
£73K02/210.05 mi6, Victoria Road, Wombwell, Barnsley, South Yorkshire S73 8JG2
£56K12/200.05 mi32, Bond Street, Wombwell, Barnsley, South Yorkshire S73 8JE2
£72K12/210.11 mi9, Myrtle Road, Wombwell, Barnsley, South Yorkshire S73 8LN2
£93K06/210.12 mi8, Myrtle Road, Wombwell, Barnsley, South Yorkshire S73 8LN2
£80.5K05/210.13 mi39, Cemetery Road, Wombwell, Barnsley, South Yorkshire S73 8HZ2
£83.5K10/210.13 mi23, Cemetery Road, Wombwell, Barnsley, South Yorkshire S73 8HZ2
£75K10/200.13 mi122, Blythe Street, Wombwell, Barnsley, South Yorkshire S73 8LL2
£64.5K02/230.16 mi19, Frederick Street, Wombwell, Barnsley, South Yorkshire S73 8JY2
£70K05/210.16 mi31, Frederick Street, Wombwell, Barnsley, South Yorkshire S73 8JY2
£80K05/210.17 mi6, William Street, Wombwell, Barnsley, South Yorkshire S73 8JZ2
£117K03/230.18 mi70, Main Street, Wombwell, Barnsley, South Yorkshire S73 8JU2
£77K03/210.19 mi17, John Street, Wombwell, Barnsley, South Yorkshire S73 8LW2
£83K06/230.23 mi54, Summer Lane, Wombwell, Barnsley, South Yorkshire S73 8HE2
£53K12/200.24 mi31, Orchard Street, Wombwell, Barnsley, South Yorkshire S73 8HQ2
£132K02/230.27 mi38, Kingsway, Wombwell, Barnsley, South Yorkshire S73 0EA2
£78K05/210.27 mi29, Hoyland Street, Wombwell, Barnsley, South Yorkshire S73 8HF2
£160K02/230.29 mi181, Summer Lane, Wombwell, Barnsley, South Yorkshire S73 8QA2
£120K03/210.36 mi9, Stubbs Road, Wombwell, Barnsley, South Yorkshire S73 8NS2
£65K07/210.37 mi18, Hough Lane, Wombwell, Barnsley, South Yorkshire S73 0DR2
£93K06/210.38 mi168, Hough Lane, Wombwell, Barnsley, South Yorkshire S73 0EF2
£47K12/210.38 mi112, Hough Lane, Wombwell, Barnsley, South Yorkshire S73 0EF2
£77K11/200.38 mi96, Hough Lane, Wombwell, Barnsley, South Yorkshire S73 0EF2
£72.5K11/200.4 mi10, Kelvin Grove, Wombwell, Barnsley, South Yorkshire S73 0DL2
£116K01/230.41 mi52, East Avenue, Wombwell, Barnsley, South Yorkshire S73 8QQ2
£136K02/230.41 mi18, East Avenue, Wombwell, Barnsley, South Yorkshire S73 8QQ2
£85K01/230.41 mi180, Hough Lane, Wombwell, Barnsley, South Yorkshire S73 0EX2
£95K03/210.44 mi169, Hough Lane, Wombwell, Barnsley, South Yorkshire S73 0EU2
£88K11/210.46 mi211, Hough Lane, Wombwell, Barnsley, South Yorkshire S73 0LL2
£90K06/230.46 mi248, Hough Lane, Wombwell, Barnsley, South Yorkshire S73 0LL2
£130K07/230.49 mi26, Wright Crescent, Wombwell, Barnsley, South Yorkshire S73 0ET2
£75K05/230.49 mi294, Hough Lane, Wombwell, Barnsley, South Yorkshire S73 0LW2
£100K01/230.49 mi270, Hough Lane, Wombwell, Barnsley, South Yorkshire S73 0LW2
£128K06/230.5 mi21, Wright Crescent, Wombwell, Barnsley, South Yorkshire S73 0ES2
£110K06/210.52 mi8, Calverley Gardens, Wombwell, Barnsley, South Yorkshire S73 0DT2
£105K06/230.59 mi78, Station Road, Wombwell, Barnsley, South Yorkshire S73 0BL2
£135K04/210.62 mi8, Moorbank Close, Wombwell, Barnsley, South Yorkshire S73 8RX2
£153K03/210.62 mi22, Moorbank Close, Wombwell, Barnsley, South Yorkshire S73 8RX2
£155K03/210.62 mi4, Moorbank Close, Wombwell, Barnsley, South Yorkshire S73 8RX2
£84.5K10/200.67 mi154, Station Road, Wombwell, Barnsley, South Yorkshire S73 0BW2
£120K08/220.68 mi8, Bramham Croft, Wombwell, Barnsley, South Yorkshire S73 8BE2
£118K03/210.69 mi53, Stonyford Road, Wombwell, Barnsley, South Yorkshire S73 8AF2
£54K01/230.69 mi6, Stonyford Road, Wombwell, Barnsley, South Yorkshire S73 8AF2
£125K11/200.72 mi58, Foundry Gate, Wombwell, Barnsley, South Yorkshire S73 0LF2
£65K07/210.78 mi26, Pitt Street, Wombwell, Barnsley, South Yorkshire S73 8AS2
£72K11/220.79 mi17, Henry Street, Wombwell, Barnsley, South Yorkshire S73 0DS2
£110K06/210.86 mi12, Everill Gate Lane, Wombwell, Barnsley, South Yorkshire S73 0SF2
£116K12/200.86 mi9, Fairfield Court, Wombwell, Barnsley, South Yorkshire S73 8EF2
£95K11/200.87 mi26, Broomhead Road, Wombwell, Barnsley, South Yorkshire S73 0SB2

Local Rents

33 rents from £550/mo to £800/mo, average is £675/mo.

RentDateDistanceAddressBeds 
£67512/240.03 mi-2
£65012/240.03 mi-2
£65012/240.04 mi-2
£65012/240.04 mi-2
£67508/240.04 mi-2
£70008/240.05 mi-2
£75012/240.05 mi-2
£80011/240.05 mi-2
£75004/250.05 mi-2
£69508/240.07 miMain Street, Wombwell, Barnsley, South Yorkshire, S732
£75012/240.07 mi-2
£65012/240.1 miSchool Street, Barnsley, South Yorkshire, S732
£60010/230.1 mi-2
£75009/240.13 mi-2
£65012/240.13 mi-2
£70008/240.16 mi-2
£59512/240.19 miHigh Street, Wombwell2
£65012/240.2 miBartholomew Street, Wombwell, Barnsley, S732
£70009/240.22 mi-2
£55002/240.23 mi-2
£65001/250.23 mi-2
£55008/240.27 miHoyland Street, Wombwell2
£55008/240.27 miHoyland Street, Wombwell2
£75012/240.28 mi-2
£60012/240.32 miBarnsley Road, Wombwell2
£59512/240.38 miHough Lane, Wombwell2
£72502/240.4 mi-2
£70008/240.41 mi-2
£75012/240.41 mi-2
£75001/250.41 mi-2
£67504/250.45 mi-2
£55012/240.58 mi-2
£55012/240.58 mi-2

Local Area Statistics

Population in S73

26,971

Population in Barnsley

197,410

Town centre distance

3.20 miles away

Nearest school

0.30 miles away

Nearest train station

0.71 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+12%

Sales demand

Balanced market

Capital growth (5yrs)

+10%

Property History

Price changed to £56,000

November 8, 2024

Price changed to £58,000

October 12, 2024

Listed for £60,000

October 3, 2024

Description

  • Buy-to-Let Opportunity +
  • Long Term Tenant Currently Situated +
  • Likely to attract enquiries from Serious Investors & Developers. +
  • 2 Bedrooms +
  • Good Condition +
  • Rear Garden Space +
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack) +

This is a 2-bedroom terrace house in Barnsley. With valuable amenities in close proximity, rewarding rental returns and a tenant currently situated, this is a fantastic opportunity for investors looking to expand their portfolio!

The well-kept home features 2 bedrooms, three-piece bathroom, lounge, kitchen, and rear garden space.

Investment Details

It currently produces an annual gross income of £6,000 which could be increased by the new owner to a market rate of £7,500 with tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

Tenancy Details

The current tenants have lived in the property and consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.

Let Property Sales are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion.

Agent Details

Let Property Sales & Management, Glasgow

0141 673 7973

Next Steps?

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