Auction Date Commencing on Monday 27th October at 1pm and ending 24 hours later on Tuesday 28th October at 1pm with Auction House South Yorkshire
Please register to bid via our website - auctionhouse.co.uk/southyorkshireThree Bed HMO and One Bed Apartment.
Fully Let and Achieving £22,359.56 Per Annum.The property consists of an end-terrace house that has been converted and is currently utilised as a 3-bed House of Multiple Occupation (HMO) alongside a separate standalone 1-bed flat, known as 8A.
The property is currently tenanted by four tenants on separate tenancy agreements, three within the HMO and one within the standalone flat.
Within the HMO the first tenant occupies at a passing rent of £100 pw, equivalent to £433.33 pcm. The tenancy agreement is fixed until 20 September 2025.
The second tenant occupies at a passing rent of £90 per week, equivalent to £390 pcm. The tenancy agreement has lapsed into a periodic agreement.
The third tenant occupies at a passing rent of £440 pcm. The tenancy agreement has lapsed into a periodic agreement.
As for the standalone flat the tenant occupies at a passing rent of £600 pcm. The tenancy agreement is fixed until 23 February 2026.
The property benefits from on-street parking and is close to local amenities such as supermarkets and restaurants.
The property is located in the town of Stocksbridge, approx. 9 miles from Barnsley and 10 miles from Sheffield.
Tenure: FreeholdEPC Rating: Number 8 - D and Number 8A - DAdministration Fee: £3600 inc VAT payable on exchange of contracts.Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Based on a 30 year mortgage, with a 10% deposit and a 4.50% interest rate. These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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