5 bedroom House of Multiple Occupation in Barnsley

24 Cope Street, Barnsley, South Yorkshire S70 4HX
  • Lot No: 121
  • Property Type: House of Multiple Occupation
  • Contract Type: Unconditional with Fixed Fee

Guide Price* £95,000+ plus fees

Result Sold Prior to Auction

Property Description

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.

Lower Ground Floor:

One bedroom


Ground Floor:

Two bedrooms and Kitchen Diner


First Floor:

Two bedrooms and Two separate shower rooms


Note

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.


PLEASE NOTE

Completion shall take place within 15 days of the date of the contract.


Tenure

Freehold

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. Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. 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 £1,500 inc. VAT The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. 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 (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve 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.

Auction Details

Date 29th June 2023

Venue National Property Auction
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

24 Cope Street, Barnsley, South Yorkshire S70 4HX