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£179,950
Hopwood Street, Barnsley, S70
- 4 beds
£179,950
- 4 beds
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Estimate monthly mortgage payment:
£822 per month
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
£8,998
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An excellent opportunity has arisen for an investor to purchase this traditional, bay windowed Victorian terraced villa, which has been converted into two spacious flats, including a duplex, three bedroom property to the first floor.
We believe a return in the region of ?14,400 per annum should be acheivable, which offers an 8% return on investment.
Hopwood Street is located in a sought after area of the town centre, between Huddersfield Road and Victoria Road. We are advised each flat is independent in terms of council tax, utilities, gas central heating system, etc.
The ground floor flat has the additional benefit of leading straight out into the garden, whilst the first floor property is particularly spacious, offering three bedrooms over two floors and potential to create a fourth bedroom if required.
Further potential may be offered to convert the property into a House of Multiple Occupancy (HMO), thus creating additional income.
We believe a return in the region of ?14,400 per annum should be acheivable, which offers an 8% return on investment.
Hopwood Street is located in a sought after area of the town centre, between Huddersfield Road and Victoria Road. We are advised each flat is independent in terms of council tax, utilities, gas central heating system, etc.
The ground floor flat has the additional benefit of leading straight out into the garden, whilst the first floor property is particularly spacious, offering three bedrooms over two floors and potential to create a fourth bedroom if required.
Further potential may be offered to convert the property into a House of Multiple Occupancy (HMO), thus creating additional income.
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£822 per month
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Stamp Duty tax
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Stamp Duty Land Tax (SDLT) is a tax you might have to pay if you purchase a property or land. SDLT applies to properties above a certain price threshold. The amount you'll have to pay depends on the property's value and if you already own a property, or have done so in the past. If you are a first-time buyer, or you are purchasing multiple dwellings, you may be eligible for a discount (tax relief).
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Mortgage and legal costs:
£999
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