House of Multiple Occupation
Five bedroom HMO let producing £21,321 per annum.
This substantial HMO property is offered fully tenanted producing an impressive yield of 17.7% based on the Guide Price.
Internally, the property offers spacious and well maintained accommodation over three floors and makes a fantastic investment opportunity for any growing landlord.
Locally, the property is positioned within a predominantly residential area to the South of Barnsley town centre. Local amenities can be found along Sheffield Road which is within walking distance of the property, plus a further, more substantial offering within Barnsley town centre. Transport links include a local bus network as well as junction 37 of M1 motorway lying approximately 1.5 mile to the west.
One bedroom
Two bedrooms and Kitchen Diner
Two bedrooms and Two separate shower rooms
Please be advised that the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.
Completion shall take place within 15 days of the date of the contract.
Freehold. Subject to tenancy.
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Fixed Fee (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms.
Auction Deposit and Fees
The following deposits and non- refundable auctioneer’s fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of £1074 inc. VAT
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
