House For Sale £230,000
Warmsworth Road, Doncaster

The following figures have been calculated assuming full occupation.

The annual gross income is £34,320. At the asking price of £230,000, the gross yield is therefore, approximately, 14.9%.

The monthly expenses have been estimated to be £918. This includes water, gas, electric, broadband, council tax, and managing agency fees. Please note that this does not include maintenance costs as they are irregular and inconsistent.

Given the cost of expenses per month, the annual net income is therefore £23,304.

Selling for the asking price of £230,000 results in a net yield of approximately 10.1%. Please note that this does not account for a mortgage or costs due to the purchasing process such as stamp duty land tax, valuation/survey costs, search costs, conveyancer fees, etc.

The current landlord bought the property before it was an HMO and invested in a refurbishment. Now, after having successfully run it as an HMO for some years, the landlord would like to sell it for a profit.

Having been built in approximately 1900, the design is that of an old-fashioned town house. It contains six bedrooms across three floors. Each bedroom comes with an en suite bathroom containing a shower, toilet and sink. The rooms are also furnished with a double-bed, wardrobe and bedside drawers.

The tenants share one modernized kitchen that is situated on the bottom floor. This contains two ovens, both fitted with electric hobs and oven hoods, and a man-sized fridge/freezer.

While the property is terraced, only one of the neighbouring properties is occupied. The property to the left, while an eyesore, is the one unoccupied and currently undergoing development.

The property is located only a five-minute drive from the city centre. It is also situated on the main road connecting the city centre to the south-west villages of Balby, Warmsworth and Conisbrough, making it an ideal residence for people employed in any of those areas. Within walking distance are a Lidl supermarket, a post office and various food outlets.

We (CREATE) are both overseeing the sale of the property and are currently managing its tenancy. We ensure that all mandatory property checks are made and keep certificates and records as proof. We also do six-monthly inspections.

Doncaster has recently acquired city status which should bring investment over the next few years. The city also has its longstanding attractions, those being the racecourse, bars & nightclubs, a cinema, a bowling alley, the Keepmoat stadium and the Dome leisure centre.

Council Tax Band: A (Doncaster Council)
Tenure: Freehold