Summary - 11 ELDON STREET NORTH BARNSLEY S71 1LF
2 bed 1 bath Terraced
Immediate income with auction purchase — cash or specialist finance recommended.
Guaranteed housing association rent £661 pcm
Option: tenants in situ or vacant possession available
Freehold; no onward chain; auction sale
Secure lease in place until April 2027 (2 years remaining)
Short lease likely prevents mainstream mortgages
Projected ROI approximately 9.4% at current rent
EPC rating D; period property needs modernization
Very high local crime; area classified as deprived
This mid-terrace Victorian property on Eldon Street North is presented primarily as an investment opportunity. It currently produces a guaranteed housing association rent of £661 pcm and can be sold with tenants in situ for immediate income, or offered with vacant possession to owner-occupiers or new lettings. The secure lease runs until April 2027, providing short-term rental stability.
The price and a projected ROI of 9.4% will attract yield-focused buyers, but there are important constraints to note. The lease term remaining is only two years, which is likely to prevent most high-street mortgage lenders from offering finance. The sale will be conducted at auction and a buyer’s premium applies — budget for these additional costs when calculating returns.
Accommodation is traditional: two bedrooms, two reception rooms, one bathroom and a small rear garden. The property has an EPC rating of D, mains gas central heating and double glazing; some updating and modernisation would improve long-term rental values. The area offers excellent transport links and fast broadband, but local crime levels are very high and the neighbourhood is classified as deprived, factors to consider for tenant demand and management.
Overall, this is a straightforward, low-entry freehold for an experienced investor prepared for short-lease and area-related risks, or for a buyer able to purchase with cash or alternative finance. Full due diligence on lease implications, auction terms and local letability is advised before bid or exchange.
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