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£250,000
Edward Street, Great Houghton, Barnsley
- 6 beds
£250,000
- 6 beds
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Estimate monthly mortgage payment:
£1,141 per month
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
£12,500
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Property Description GUIDE PRICE 250,000 TO £275,000
Investment Opportunity – HMO Property in Grimethorpe
We are pleased to present this exceptional investment property located on Edward Street, Grimethorpe. This fully completed and well-maintained six-bedroom, six-en-suite House in Multiple Occupation (HMO) offers an outstanding opportunity for investors seeking a high-yielding asset in a prime location.
Key Features:
Six Spacious Bedrooms: Each bedroom benefits from its own private en-suite, providing comfort and privacy for tenants.
Communal Kitchen/Dining Area: A modern, fully equipped communal kitchen and dining space is available for shared use, promoting a social and practical living environment.
High Standards Throughout: The property has been completed to a high standard with modern fixtures, fittings, and furnishings. Every detail has been carefully considered to provide an attractive living space for tenants.
Gross Yield of £36,400 per Year: The property was generating a strong rental income of £36,400 annually, offering a fantastic gross yield of 13.24%. (Is not vacant for sale purposes).
Fully Licensed HMO: This property is fully licensed and complies with all HMO regulations, ensuring peace of mind for the new owner.
Location:
Situated on Edward Street in Grimethorpe, this property benefits from its close proximity to key local amenities and major employment hubs. The ASOS warehouse is just a short drive away, as well as other large commercial units, making this a desirable location for professionals seeking convenient accommodation. Public transport links are also easily accessible, ensuring tenants have great connectivity to surrounding areas.
This is a turnkey investment offering a high return on investment in a well-established location, ideal for both new and experienced investors. The combination of quality accommodation and a strong rental income makes this HMO a rare find in today's market.
For more details or to arrange a viewing, please contact us today Additional Information
Tenure: FreeholdInvestment Opportunity – HMO Property in Grimethorpe
We are pleased to present this exceptional investment property located on Edward Street, Grimethorpe. This fully completed and well-maintained six-bedroom, six-en-suite House in Multiple Occupation (HMO) offers an outstanding opportunity for investors seeking a high-yielding asset in a prime location.
Key Features:
Six Spacious Bedrooms: Each bedroom benefits from its own private en-suite, providing comfort and privacy for tenants.
Communal Kitchen/Dining Area: A modern, fully equipped communal kitchen and dining space is available for shared use, promoting a social and practical living environment.
High Standards Throughout: The property has been completed to a high standard with modern fixtures, fittings, and furnishings. Every detail has been carefully considered to provide an attractive living space for tenants.
Gross Yield of £36,400 per Year: The property was generating a strong rental income of £36,400 annually, offering a fantastic gross yield of 13.24%. (Is not vacant for sale purposes).
Fully Licensed HMO: This property is fully licensed and complies with all HMO regulations, ensuring peace of mind for the new owner.
Location:
Situated on Edward Street in Grimethorpe, this property benefits from its close proximity to key local amenities and major employment hubs. The ASOS warehouse is just a short drive away, as well as other large commercial units, making this a desirable location for professionals seeking convenient accommodation. Public transport links are also easily accessible, ensuring tenants have great connectivity to surrounding areas.
This is a turnkey investment offering a high return on investment in a well-established location, ideal for both new and experienced investors. The combination of quality accommodation and a strong rental income makes this HMO a rare find in today's market.
For more details or to arrange a viewing, please contact us today Additional Information
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£1,141 per month
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Stamp Duty tax
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Stamp Duty Land Tax (SDLT) is a tax you might have to pay if you purchase a property or land. SDLT applies to properties above a certain price threshold. The amount you'll have to pay depends on the property's value and if you already own a property, or have done so in the past. If you are a first-time buyer, or you are purchasing multiple dwellings, you may be eligible for a discount (tax relief).
£0
Mortgage and legal costs:
£999
HomeBuyer Service - Everything you need to purchase this property all in one place
- Mortgage advice and application
- Conveyancing fee
- Homebuyer protection insurance
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