5 Bed HMO, Barnsley, S70 6BT, £180,000

Farrar Street,Barnsley,South Yorkshire,S70 6BT - 5 views - a month ago

HMO
ROI: 14%
~178 m²

ValuationUndervalued

Sold Prices£170K - £680K
Sold Prices/m²£1.2K/m² - £2.7K/m²

 

 

Square Metres

~178.28 m²
Price/m²£1K/m²

Value Estimate

£223,200
BMV24%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£45,000

Stamp Duty & Legal Fees

£10,200

Total Cash In

£55,200

 

 

Cash Out

 

Room Rate

£442

Gross Rent

£2,210

Running Costs/mo

£1,550

Cashflow/mo

£660

Cashflow/yr

£7,921

ROI

14%

Gross Yield

15%

Local Sold Prices

21 sold prices from £170K to £680K, average is £320K. £1.2K/m² to £2.7K/m², average is £1.8K/m².

PriceDateDistanceAddressBeds 
£320K01/210.23 mi179, Dodworth Road, Barnsley, South Yorkshire S70 6HW5
£310K12/200.42 mi30, Kensington Road, Barnsley, South Yorkshire S75 2TU5
£475K06/230.45 mi24, Westville Road, Barnsley, South Yorkshire S75 2TR5
£407.5K03/210.53 miAlmora, Bond Road, Barnsley, South Yorkshire S75 2TN5
£323K12/220.55 mi128, Park Grove, Barnsley, South Yorkshire S70 1QE5
£425K01/230.55 mi10, Granville Street, Barnsley, South Yorkshire S75 2TJ5
£330K04/230.62 mi169, Park Grove, Barnsley, South Yorkshire S70 1QY5
£255K02/230.63 mi275, Park Road, Barnsley, South Yorkshire S70 1QL5
£238K07/210.66 mi209, Park Road, Barnsley, South Yorkshire S70 1QW5
£270K01/210.76 mi5, Hall Bank, Barnsley, South Yorkshire S75 1EX5
£227K12/230.84 mi10, Thirlmere Road, Barnsley, South Yorkshire S71 1ER5
£435K08/230.9 mi57, Ripley Grove, Barnsley, South Yorkshire S75 2RX5
£675K06/211 miBroad Acres, Keresforth Hall Drive, Barnsley, South Yorkshire S70 6NH5
£680K05/231.06 mi112, Church Street, Gawber, Barnsley, South Yorkshire S75 2RL5
£370K06/231.22 mi4, Bark Meadows, Dodworth, Barnsley, South Yorkshire S75 3JB5
£270K10/201.26 mi9, Heather Knowle, Dodworth, Barnsley, South Yorkshire S75 3QP5
£305K12/201.27 mi5, Orchard Croft, Dodworth, Barnsley, South Yorkshire S75 3QY5
£200K06/231.61 mi11, Alderson Drive, Barnsley, South Yorkshire S71 1UU5
£600K05/211.63 miHill House, Kingwell Road, Worsbrough, Barnsley, South Yorkshire S70 4AG5
£248K04/231.71 mi3, Highfield Avenue, Barnsley, South Yorkshire S71 3RY5
£170K06/211.75 mi378, Doncaster Road, Barnsley, South Yorkshire S70 3RH5

Local Area Statistics

Population in S70

38,518

Population in Barnsley

197,410

Town centre distance

0.91 miles away

Nearest school

0.30 miles away

Nearest train station

0.57 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+1%

Sales demand

Seller's market

Capital growth (5yrs)

+30%

Property History

Listed for £180,000

March 11, 2025

Description

  • Great HMO investment opportunity +
  • Fully licensed HMO investment opportunity +
  • On outskirts of Barnsley Centre +
  • Guaranteed rental income via Charity. +
  • Utility bills and most repairs covered by Charity +
  • 5 En Suite bedrooms +
  • Fully fitted Kitchen +
  • Internet access +

ref no GC 0175:  INVESTOR  OPPORTUNITY  ON THE OUTSKIRTS OF BARNSLEY CENTRE. Exceptional fully licensed 5 bedroom HMO is available fully tenanted on a long term lease with a local charity. The property is licenced through Barnsley Council and has all regulatory paperwork in place. All bills and repairs covered by the charity regardless of occupancy levels. Full details will be made available to interested parties. Exceptional opportunity for an investor client looking for guaranteed income and little hassle going forward.  The property is located on the outskirts of Barnsley Centre and all amenities are easily accessible via foot. This fully licensed 5 Bed terraced HMO was completely refurbished around 6 years ago and is currently fully rented to a charity. The bills and most internal repairs are covered by their agreement ( full details available) The property consists of 5 bedrooms over 2 floors all of which have ensuite comprising Wc, Sink and Shower. It has gas central heating and double glazing throughout.There is a communal room and also a fully fitted kitchen with cooker / hob/ extractor fan.  Fitted storage units to wall and floor plus a washer dryer and two fridge freezers. There is also internet access available. For further details give me a call.

Agent Details

eXp UK, Yorkshire and The Humber

03304 609968

Next Steps?

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