Secure income with room to increase rent and projected 14% ROI.
Guaranteed rental income £800 pcm with current HMO configuration
A compact four-bedroom terraced house on Princess Street, currently run as a HMO with a guaranteed rental income of £800 pcm. The property benefits from a Housing Association lease in place until May 2028, and can be sold with vacant possession if required. Its central location near Barnsley Town Centre offers easy access to shops, transport and local services.
This is a clear value play for a buy-to-let investor or a hands-on buyer prepared to refurbish. There is scope to increase rental income and lift the EPC, which would improve returns. The layout (four bedrooms, one bathroom) and small overall footprint suit multi-occupancy or conversion to a single-family home with targeted works.
Buyers should note important constraints: the secure lease has only around three years remaining, which may deter mortgage lenders and could restrict mortgage finance options. The area has high crime levels and the property is compact with basic EPC D performance and assumed solid-brick walls with no installed cavity insulation. A buyer’s premium (1% + VAT, minimum fee applies) is payable on completion.
Overall this is an entry-level, hands-on investment with immediate income and upside for rental growth and energy improvements, best suited to cash buyers or investors comfortable with short lease complexities and remedial works.
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