Should you be investing in HMO properties in 2025?
21 Alexandra Road, Doncaster, DN4 0ND SSTC
5 1
£180,000 Asking Price House of multiple occupation for sale
Description
Here we have a fantastic opportunity to purchase this well located up and running five-bed one en-suite HMO. Beyond its five well-appointed bedrooms lies the promise of transformation and growth, making this a strategic investment. Being the largest property on the street, subject to planning, there is potential to expand into the loft, as well as adding ensuites throughout and finally a cellar conversion, allowing 8 bedrooms in total.
The property is fitted with a superior central heating system that operates the radiators, the pressurised water cylinder runs the water. This was installed with a view to adding sufficient hot water pressure to en-suite bathrooms in all bedrooms, without having to use electric showers.
This property not only offers comfortable, thoughtfully finished living spaces but also taps into the high-demand HMO market in Doncaster. Only 1 mile from the town centre, a well connected train station and a bus stop 100 meters from the property. The area offers a range of amenities, including shops, supermarkets, restaurants, and pubs. The local area offers an excellent choice of employment opportunities. Doncaster is home to a number of industrial estates, business parks, and logistics centres, including Amazon which is a 10 minute drive from the property. The area has attracted companies involved in warehousing, storage, and distribution, all of which have expanded greatly in more recent years, attracting a high volume of tenants looking for work and to settle in the local area.
Income;
Room 1 - £379.17 / Room 2 - £476.67 / Room 3 - £379.17 / Room 4 - £379.17 / Room 5 - £411.67
Total; £2,025.83 PCM / £24,310 PA
Expenditure;
Gas/Electric - £267.55 / Water - £66.60 / Council Tax - £126 /
TV License - £13.25 / BT Broadband Ultra 900 - £40.99 / HMO Insurance - £21.15 / Cleaner - £35 / Management (10%) - £202.58
Total; £773.12 PCM / £9,277.48 PA
Gross Yield: 13.50%
Additional Details
- Bedrooms: 5 Bedrooms
- Bathrooms: 1 Bathroom
- Buyer Fee: 2.00% + VAT
- Tenure: Freehold
- Council Tax: £1,228 / year
- Council Tax Band: A
- Rights and Easements: Ask Agent
- Risks: Ask Agent
Brochures
Features
- 5 Bed 1 En-suite HMO In Article 4 Area
- Great Tenant History
- Further Development Potential To Build Into An 8 Bed HMO
- Excellent Managing Agent In Situ
- Ideally Located
- Gross Income : £24,310 PA
- Gross Yield : 13.51%
- 2% + Vat Buyer's Fee
Enquiry
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