Four-unit property with refurbishment upside near town centre and rail links.
Freehold mixed-use block with one 1-bed and one 3-bed flat
This freehold mixed-use block offers a straightforward investment opportunity close to Barnsley town centre and the train station. The property comprises a one-bedroom flat, a three-bedroom flat and two ground-floor commercial units, one of which is currently let at £500pcm. Total gross potential rental income is estimated at £2,700 per calendar month when fully let.
Both residential flats require refurbishment, presenting clear scope to add value through upgrades and improved energy performance (current EPC rating D). The building is solid-brick Edwardian stock with gas central heating and double glazing, but assumed wall insulation is lacking. The block extends to approximately 2,207 sq ft, providing room for remodelled layouts or enhanced rental yields after works.
Buyers should note material drawbacks: the property sits in a very deprived area with high recorded crime rates, which may affect tenant demand and achievable rents. The residential accommodation needs remedial works and modernisation; the EPC and assumed lack of wall insulation mean energy upgrades could be necessary. A buyer’s premium (1% + VAT, minimum fees apply) is payable on purchase.
For investors seeking a hands-on project, this block offers location-driven rental potential and two commercial storefronts to diversify income. Factor in refurbishment costs, local market conditions and the buyer’s premium when assessing total return and refurbishment timelines.
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