5 bed terraced house for sale

Rockingham Road, Doncaster DN2

Description

The following figures have been calculated assuming full occupation.

The annual gross income is £27,560. At the asking price of £210,000, the gross yield is therefore, approximately, 13.1%.

As of the 27th February 2023, the total expenses per month are £832 to the nearest pound. This includes water, gas, electric, broadband, council tax, and managing agency fees. Please note that this does not include maintenance costs as they are irregular and inconsistent.

Given the cost of expenses per month, the annual net income is therefore £17,576.

Selling for the asking price of £210,000 results in a net yield of approximately 8.37%. Please note that this does not account for a mortgage or costs due to the purchasing process such as stamp duty land tax, valuation/survey costs, search costs, conveyancer fees, etc.

The current landlord is selling to invest in a business unrelated to property.

Each bedroom comes with an en suite bathroom containing a shower and toilet. The tenants share one modernized kitchen. At the front of the house there is on-street parking space.

The house is only a ten minute walk away from the city centre. It is situated across the road from Elmfield Park which contains football fields, a children's play area, tennis courts and places to sit with scenic surroundings. The Keepmoat stadium, home to Doncaster's football club, is a fifteen minute walk from the house. The stadium is a facility for many recreational sporting activities.

We (create) are both overseeing the sale of the property and are currently managing its tenancy. We ensure that all mandatory property checks are made and keep certificates and records as proof. We also do six-monthly inspections.

Doncaster has recently acquired city status which should bring investment over the next few years. The city also has its longstanding attractions, those being the racecourse, bars & nightclubs, a cinema, a bowling alley, and the Dome leisure centre.

Council Tax Band: A (Doncaster Council)
Tenure: Freehold
Fully Licenced HMO

Bedroom 1

Ensuite Bedroom

Bedroom 2

Ensuite bedroom

Bedroom 3

Ensuite bedroom

Bedroom 4

Ensuite Bedroom

Bedroom 5

Ensuite Bedroom

Kitchen/Diner

Large Kitchen Diner for shared use by all occupancts

Hall

Entrance Hall connecting the front Door, Bedroom 1 and the kicthen

Landing

1st floor connecting bedroom 3,4, and 5

Cloakroom

Understairs Cloakroom off of the bottom of the stairs