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

25 Vernon Street, Barnsley, South Yorkshire, S71 1BW - 3 views - 7 months ago

Sold STC

Auction

BTL

ROI: 18%

54 m²

+3 photos

ValuationUndervalued

Sold Prices	£50K - £220K
Sold Prices/m²	£916/m² - £3.6K/m²

Square Metres	54 m²
Price/m²	£1.1K/m²
Value Estimate	£72,000£72,000
BMV	20%

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	£495 - £1,250£495 - £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 £220K, average is £90K. £916/m² to £3.6K/m², average is £1.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£72.5K	09/21	0.04 mi	9, Vernon Street North, Barnsley, South Yorkshire S71 1DB	£3,625	20	2	Terraced House
£89K	04/21	0.05 mi	28, Meadow Street, Barnsley, South Yorkshire S71 1DE	£1,219	73	2	Terraced House
£110K	03/24	0.05 mi	26, Meadow Street, Barnsley, South Yorkshire S71 1DE	£1,507	73	2	Terraced House
£90K	08/23	0.05 mi	17, Meadow Street, Barnsley, South Yorkshire S71 1DE	-	-	2	Semi-Detached House
£100K	05/21	0.06 mi	109b, Harborough Hill Road, Barnsley, South Yorkshire S71 1BQ	£1,786	56	2	Semi-Detached House
£110K	01/23	0.06 mi	15, Beckett Street, Barnsley, South Yorkshire S71 1BN	-	-	2	Terraced House
£76K	02/21	0.07 mi	8, Beckett Street, Barnsley, South Yorkshire S71 1BN	£1,206	63	2	Terraced House
£71K	08/21	0.07 mi	15, Beckett Street, Barnsley, South Yorkshire S71 1BN	-	-	2	Terraced House
£92K	11/23	0.07 mi	20, James Street, Barnsley, South Yorkshire S71 1BL	-	-	2	Terraced House
£73K	11/20	0.07 mi	21, James Street, Barnsley, South Yorkshire S71 1BL	£1,352	54	2	Terraced House
£80K	08/23	0.07 mi	2, James Street, Barnsley, South Yorkshire S71 1BL	-	-	2	Terraced House
£72K	05/21	0.09 mi	62, Mottram Street, Barnsley, South Yorkshire S71 1BH	-	-	2	Terraced House
£95K	08/21	0.09 mi	55, Mottram Street, Barnsley, South Yorkshire S71 1BH	£1,638	58	2	Terraced House
£72K	05/21	0.09 mi	62, Mottram Street, Barnsley, South Yorkshire S71 1BH	-	-	2	Terraced House
£103K	02/24	0.09 mi	50, Mottram Street, Barnsley, South Yorkshire S71 1BH	£1,561	66	2	Terraced House
£75K	01/23	0.1 mi	92, Eldon Street North, Barnsley, South Yorkshire S71 1LQ	£1,249	60	2	Terraced House
£82K	12/20	0.14 mi	114, Old Mill Lane, Barnsley, South Yorkshire S71 1PS	£1,438	57	2	Terraced House
£61K	07/21	0.14 mi	102, Old Mill Lane, Barnsley, South Yorkshire S71 1PS	-	-	2	Terraced House
£67.5K	07/23	0.14 mi	92, Old Mill Lane, Barnsley, South Yorkshire S71 1PS	£1,144	59	2	Terraced House
£50K	03/23	0.15 mi	31, Bridge Street, Barnsley, South Yorkshire S71 1PL	£1,020	49	2	Terraced House
£220K	12/23	0.16 mi	39, Harborough Hill Road, Barnsley, South Yorkshire S71 1BB	-	-	2	Detached House
£53K	04/21	0.17 mi	72, Old Mill Lane, Barnsley, South Yorkshire S71 1PN	£1,039	51	2	Terraced House
£128.5K	11/23	0.18 mi	19, Twibell Street, Barnsley, South Yorkshire S71 1DG	£1,548	83	2	Terraced House
£85K	05/23	0.21 mi	83, Bridge Street, Barnsley, South Yorkshire S71 1PW	£1,700	50	2	Terraced House
£110K	01/24	0.22 mi	30, Honeywell Street, Barnsley, South Yorkshire S71 1PZ	£1,833	60	2	Terraced House
£135K	07/23	0.32 mi	79, Canal Street, Barnsley, South Yorkshire S71 1LR	£2,288	59	2	Semi-Detached House
£111K	11/21	0.34 mi	34, Windermere Road, Barnsley, South Yorkshire S71 1EF	£1,609	69	2	Terraced House
£58K	09/21	0.34 mi	2, Windermere Road, Barnsley, South Yorkshire S71 1EF	£1,055	55	2	Terraced House
£79K	09/23	0.35 mi	33, Windermere Road, Barnsley, South Yorkshire S71 1EE	£916	86	2	Terraced House
£145K	02/23	0.35 mi	20, Coniston Road, Barnsley, South Yorkshire S71 1EL	£2,237	65	2	Semi-Detached House
£95K	02/21	0.35 mi	37, Coniston Road, Barnsley, South Yorkshire S71 1EL	£1,453	65	2	Terraced House
£90K	08/21	0.38 mi	12, Cliffe Terrace, Barnsley, South Yorkshire S71 1EN	£1,139	79	2	Terraced House
£130K	06/23	0.38 mi	6, Issott Street, Barnsley, South Yorkshire S71 1QF	-	-	2	Semi-Detached House
£120K	11/23	0.38 mi	7, Grasmere Road, Barnsley, South Yorkshire S71 1ES	-	-	2	Terraced House
£78K	12/23	0.41 mi	14, Clyde Street, Barnsley, South Yorkshire S71 1EB	£1,219	64	2	Terraced House
£85K	04/23	0.41 mi	10, Clyde Street, Barnsley, South Yorkshire S71 1EB	£1,604	53	2	Terraced House
£85K	03/21	0.41 mi	3, Rydal Terrace, Barnsley, South Yorkshire S71 1EP	£1,491	57	2	Terraced House
£89K	04/21	0.45 mi	18, Burton Road, Monk Bretton, Barnsley, South Yorkshire S71 2AA	£1,060	84	2	Terraced House
£78K	12/20	0.45 mi	70, Burton Road, Barnsley, South Yorkshire S71 2AA	£1,279	61	2	Terraced House
£75K	11/20	0.45 mi	92, Burton Road, Monk Bretton, Barnsley, South Yorkshire S71 2AA	£1,230	61	2	Terraced House
£190K	09/21	0.46 mi	26, Honeywell Lane, Barnsley, South Yorkshire S75 1DB	£2,533	75	2	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	0.53 mi	12, Greenwood Terrace, Barnsley, South Yorkshire S70 2DA	£1,379	87	2	Terraced House
£145K	12/23	0.53 mi	9, Tredis Close, Monk Bretton, Barnsley, South Yorkshire S71 2AL	-	-	2	Terraced House
£91K	03/21	0.53 mi	7, Stone Street, Barnsley, South Yorkshire S71 1QT	£1,655	55	2	Semi-Detached House
£95K	03/21	0.55 mi	67, Rockingham Street, Barnsley, South Yorkshire S71 1JS	£1,145	83	2	Terraced House
£165K	02/23	0.56 mi	10, Windsor Crescent, Barnsley, South Yorkshire S71 2LU	-	-	2	Semi-Detached House
£161K	12/22	0.56 mi	6, Falmouth Close, Monk Bretton, Barnsley, South Yorkshire S71 2QQ	-	-	2	Detached House
£120K	08/23	0.56 mi	16, Falmouth Close, Monk Bretton, Barnsley, South Yorkshire S71 2QQ	£2,660	45	2	Terraced House
£77K	01/21	0.57 mi	5, Oakwell Terrace, Barnsley, South Yorkshire S71 1HD	£1,328	58	2	Terraced House

Local Rents

41 rents from £495/mo to £1.3K/mo, average is £700/mo.

Rent	Date	Distance	Address	Beds	Type
£625	12/24	0.01 mi	-	2	Terraced House
£650	04/25	0.05 mi	-	2	Semi-Detached House
£675	04/25	0.06 mi	-	2	Terraced House
£595	11/23	0.1 mi	Eldon Street North, Barnsley, S71	2	Terraced House
£650	08/24	0.11 mi	James Street, Barnsley, S71 1BL	2	Terraced House
£725	12/24	0.12 mi	Honeywell Street, Barnsley, South Yorkshire, S71	2	Terraced House
£675	12/24	0.15 mi	-	2	Terraced House
£700	12/24	0.25 mi	-	2	Semi-Detached House
£750	12/24	0.28 mi	Regent Street, Barnsley	2	Flat
£850	02/24	0.32 mi	-	2	Flat
£1,250	12/24	0.32 mi	-	2	Flat
£1,250	03/25	0.32 mi	-	2	Flat
£1,250	04/25	0.32 mi	-	2	Flat
£725	02/25	0.35 mi	-	2	Terraced House
£795	12/24	0.35 mi	36 Regent CourtRoyal StreetBarnsley	2	Flat
£750	02/25	0.36 mi	-	2	Terraced House
£750	03/25	0.36 mi	-	2	Terraced House
£700	12/24	0.37 mi	-	2	Terraced House
£650	04/25	0.4 mi	-	2	Terraced House
£875	12/24	0.4 mi	-	2	Bungalow
£875	04/25	0.4 mi	-	2	Bungalow
£695	12/24	0.41 mi	Coniston Road, Barnsley, S71	2	Terraced House
£675	02/24	0.45 mi	-	2	Flat
£695	01/25	0.45 mi	-	2	Flat
£725	12/24	0.47 mi	-	2	Semi-Detached House
£630	08/24	0.52 mi	Oakwell Vale, Barnsley	2	Flat
£625	02/25	0.52 mi	-	2	Flat
£750	12/24	0.54 mi	Oakwell Vale, Barnsley	2	Flat
£795	08/24	0.55 mi	Sackville Street, Barnsley	2	Flat
£795	12/24	0.55 mi	Sackville Street, Barnsley	2	Flat
£795	12/24	0.55 mi	Sackville Street, Barnsley	2	Flat
£550	08/24	0.55 mi	Sackville Heights, Barnsley, S70	2	Flat
£805	08/24	0.56 mi	Fitzwilliam Street, Barnsley	2	Flat
£680	12/24	0.56 mi	-	2	Flat
£675	04/25	0.56 mi	-	2	Flat
£745	03/25	0.59 mi	-	2	Flat
£755	03/25	0.6 mi	-	2	Flat
£550	11/24	0.6 mi	-	2	Flat
£550	04/25	0.6 mi	-	2	Flat
£650	12/24	0.6 mi	Doncaster Road, Barnsley, South Yorkshire, S70	2	Flat
£495	12/24	0.62 mi	Brinckman Street, Barnsley	2	Terraced House

Local Area Statistics

Population in S71	45,19445,194
Population in Barnsley	197,410197,410
Town centre distance	0.53 miles away0.53 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.24 miles away0.24 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

October 4, 2024

Sold for £51,000

2005

Sold for £42,000

2003

Sold for £17,500

2002

Description

**Guide Price £60,000 * Plus 5% Buyers Premium + VAT

For sale by unconditional online auction on the 31st of October at 10:00.

Registration is now open. Bidding opens on 31st of October at 10:00 and the auction ends 31st of October at 12:40.**

For Sale by online Auction, bidding opens Thursday 31st October at 10:00am. A well-proportioned two-bedroom mid-terrace property, the property is to be sold with a sitting tenants of four years, the agreed rental amount is £600pcm

Description
Vernon 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 TAKEN ON 04/10/24

Tenure:
Freehold
Council tax rating: A
EPC Rating: D (64)

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.

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

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Local Area Statistics

Property History

Description

Agent Details

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Local Sold Prices

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