Property for Sale in Doncaster
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Property for sale in Doncaster
HMO property for sale in the village of Moorends in the Metropolitan Borough of Doncaster. The property is situated close to a large industrial estate so there is predicted to be high demand from workers in the area. It is also close to local amenities and transport links for those travelling further afield.
Key Figures
£231,230Starting Price
9.29%Net Yield
Q4 2021Completion Date
Investment Details
The property will undergo refurbishment that is expected to last between 8-10 weeks. After that it will present as a fully fledged five bedroom HMO property.
Upon successful refurbishment, the property will be let by the experienced management company in place. The property will be expected to be fully tenanted within 3-4 weeks after completion.
A net yield of 9.29% is expected, rising to 13.46% upon remortgaging the property.
The Numbers
Ground Rent:
Number of Units:1
Service Charge:
Prices:£231,230
Leasehold:Freehold
- Fully refurbished property
- Five bedroom HMO
- £5000 reservation fee
- After completion of contract, 50% of build cost is required
- Second 50% payment due halfway through build
- Once work completed, £5000 commitment fee is refunded
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