hmo in S70

Dodworth Road, Barnsley, South Yorkshire, S70 6DY

Current Bid
£237,000
Starting Bid £230,000
8 Bids

Online auction

Alternatively call 0191 580 1587 or email commercial@pattinson.co.uk

  • Investment Opportunity
  • 10 Bed HMO
  • Annual Income Approx £42,892
  • Dodworth Road Leads to the M1
  • Two Large Shared Kitchens
  • 4 Shared Bathrooms
  • Freehold Title

hmo in S70

FOR SALE BY AUCTION: Terms and conditions apply.

We are please to offer to auction this established shared house located 5-minute walking distance to Barnsley centre. Close to The Gym Group, Morrisons, Lidl, KFC and all local shops. Dodworth Road also leads to the M1.

This property has been recently refurbished to a very high standard. The property comprises 10 double bedrooms with a sink in the room. Two modern large kitchens fully equipped with a cooker, hob, microwave, fridge and freezers and a washing machine. Council tax, water, gas, electricity and high speed Wi-Fi are all included with the rent.

There are 4 shared bathrooms with a shower, toilet and a sink (2 on the first floor and 2 on the second floor). All bedrooms are fully furnished with a double bed, a chest of 3 drawers, one-bed side table and a wardrobe and a sink. New carpets are fitted throughout the house. This property is currently generating an income of approx. £42,892 per annum making it an ideal investment opportunity.

Please note that we have not inspected this property.

Summary

  • Property Type: HMO
  • Tenure: Freehold
  • Parking: On Street

Location

The subject property is well located along Dodworth Road, Barnsley. This property is located within easy reach of local amenities, transport links and schools. The subject property is located approximately 0.7 miles from Barnsley town centre and approximately 43.3 miles from York city centre.

Accommodation

Rooms 1-5 are located on the first floor and rooms 6-10 are located on the second floor.

All bedrooms have been decorated to extremely high standard with designer furniture. In the rooms, there is a wardrobe, set of drawers and a luxury double bed and a sink. The colour scheme is white with a brand new grey carpet.

Tenancy information

Room 1 - Tenanted at £4,160 per annum
Room 2 - Tenanted at £4,416 per annum
Room 3 - Tenanted at £4,420 Per Annum
Room 4 - Tenanted at £4,416 per annum
Room 5 - Tenanted at £3,900 per annum
Room 6 - Tenanted at £4,420 per annum
Room 7 - Tenanted at £3,900 per annum
Room 8 - Tenanted at £4,420 per annum
Room 9 - Tenanted at £4,420 per annum
Room 10 - Tenanted at £4,420 per annum

Total Income £42,892 per annum

Tenure

Freehold. TITLE NUMBER: SYK505452

Council Tax

Council tax band A.

EPC

Available upon request (rating D).

Additional Information

For further information please contact our office direct on 0191 737 1154, or alternatively via e-mail on commercial@pattinson.co.uk. With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

This property is being sold subject to unconditional reservation fee auction terms and conditions.

 

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

 

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

 

Deposit

In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.

The deposit is non-refundable. 

 

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £5,000 + VAT (£6,000 inc VAT) This does not form part of the purchase price.

A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.

 

More Information

For more information call our auction experts on 0191 206 9335 or email auction@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:  

My bid may be accepted by the seller at any time before the close of the auction.  It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack. If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.  

At the point of registration, you will be required to insert credit or debit card details as a way of payment towards the deposit and or reservation fee. We will only hold a nominal amount (which will be stated at the point of bidding) to enable you to bid. This amount will only be debited from your account should you be the successful bidder, in the event you are unsuccessful the agreed amount will be released back to your card within three business days.  If you are the successful bidder we will debit the agreed amount from your account immediately at the close of the auction, we will then contact you to confirm the outstanding balance (if applicable) at which point you can opt to use the same card.  Any amount payable at the close of the auction must be paid within 1 hour.   

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second. 

Each auction will automatically stay open until there has not been a bid for 10 minutes. After 10 minutes without a bid, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last minute (or second) bidding and makes for a fairer auction as in a live room auction situation. 

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity. It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice. 

Minimum online bidding increments: 
Up to £50,000 - £250 minimum bid 
£50,001 to £150,000 - £500 minimum bid 
£150,001 to £250,000 - £1,000 minimum bid 
£250,001 to £1 million - £2,000 minimum bid 
£1 million+ -  £2,500 minimum bid 

Please note this bidding process applies specifically to online auctions. 

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