- Licensed 6-bedroom HMO with guaranteed £2,250pcm income
- Housing Association FRI lease in place; 4 years remaining
- No voids; housing provider pays utilities and most management
- Exceptional advertised ROI of 16.3% (based on current income)
- Sold at auction; buyer’s premium of 1% + VAT applies
- Short lease remaining may block mortgage lending for buyers
- Located DN4 close to transport, shops and multiple good schools
- Area has very high crime and very high deprivation levels
A licensed six-bedroom HMO on Balby Road offered with a Housing Association FRI lease and guaranteed rental income of £2,250 pcm. The current five-year lease structure and housing-provider agreement remove void risk and utilities responsibility for the next four years, delivering an immediate, predictable cashflow for a buyer seeking yield rather than owner-occupation.
The property is a Victorian mid-terrace with period bay windows, high ceilings and solid brick construction. Accommodation spans multiple storeys with two bathrooms and a small rear yard/garden. Its DN4 location provides close access to local amenities, public transport and several well-rated primary and secondary schools, supporting continued tenant demand.
Material drawbacks are significant and stated plainly: only four years remain on the Housing Association lease, which will make mortgage finance difficult or impossible for many lenders. The property is sold at auction and a buyer’s premium applies (1% + VAT, minimum fee applies). The area shows high crime levels and very high deprivation metrics, and the terrace requires ongoing management and potential refurbishment over time. This is a clear specialist investment for cash buyers or investors prepared to accept area risk and lease-end uncertainty.
