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  • MarketPlace

    5 bed, 5 ensuite HMO for sale, Barnsley

    Hi everyone

    We are looking to sell a 5 bed, 5 ensuite licensed HMO in the Barnsley area. We purchased this in late 2016, and converted it to an HMO in April 2017. In the two years following that, the gross rent was £39,199 so an average of £19,596 pa or £1,633 per month. It is currently managed by a letting agent who do a good job of keeping it occupied and collecting the rent. They charge 10% plus VAT.

    We would be looking for £155,000 for this property, which would be a gross yield of around 13%. That price would include all the bedroom and kitchen furniture as well as the appliances. The property is currently mortgaged and we did not have any issues obtaining HMO finance at a reasonable rate (4%), as the refurbishment was done to a high standard, and the property is on a quiet residential street.

    If anyone would like any further information, please let me know.

    Christian

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    hi


    please could you send me further info.


    many thanks

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    Hi Paul

    Sorry I have only just seen this. Please send me your email address and I will send you the RICS valuation report, two years rental statements and further info about the property and managing agent.

    Thanks

    Christian

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    HI Could be interested, could you send me details.

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    Hi ShazSoph

    Sorry I have only just seen this. Please send me your email address and I will send you the RICS valuation report, two years rental statements and further info about the property and managing agent.

    Thanks

    Christian

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    Hi, please send me more info. Am interested to find out more.

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    Can you also please send me some details, just brought 3 house in that area.

    Thank you

    larry


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    Is this still for sale? If so please pm me details

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