A BMV freehold opportunity in South Yorkshire offered between 15% – 20% below market value based on comparative nearby sales.
The property shows to be in good condition but will need a little tidying up/light refurbishment to achieve the advised market values of £75,000 – £80,000. This is supported by sales comparables of similar 2-bedroom houses on the same street that have sold over the past couple of months for £80,000 and another between £75,000-£85,000. Situated in an area of high rental demand, being just a 20-minutes’ drive from Barnsley Town Centre & Barnsley Hospital and a 25 minutes’ drive to Doncaster.
With major employers, ASOS’s main warehouse and logistics centre is only 6-minutes away and Aldi’s Regional Distribution Centre 8-minutes away.
The property is tenanted at £450 PCM / £5,400 PA by a long term, quality family tenant. Following mortgage and management costs, we expect the prospective buyer to be walking away with a NET profit of c£302 PCM.20 PCM / £3,626.40 PA.
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Please Note: Property values can decrease as well as increase. No express or implied income claims are made herein. Historic performance should not be taken as a guarantee of future performance. Leveraged property investment with mortgage finance can increase the risk of losing money as well as increasing the possible gains.
Sherwood Estate Agency Ltd uses all reasonable efforts to ensure that the property information published on the website and in the investment packs and elsewhere are accurate, current and complete at the date of publication; no warranties or representations are made or implied as to the accuracy of such information.