Lot
042
Auction Ends: 17/08/2022 13:14

216 Balby Road, Doncaster, South Yorkshire DN4 0NE

Property Details
Location
Auction Details
Description
A residential investment opportunity comprising a substantial mid terrace property extending to 195 SQ M (2098 SQ FT) (source EPC) configured as an 8 bedroom HMO producing a current annual equivalent income of approximately £29,200. We understand that 6 out of the 8 rooms are currently occupied with the potential to further increase the rental income once the remaining 2 rooms have been let.
Location
The property fronts directly onto Balby Road (A630) close to a variety of local amenities and 1.5 miles south of Doncaster Town Centre.
Accommodation
Pugh & Co have not inspected the property internally and the following accommodation details have been supplied by the vendor. Buyers are advised to rely solely on their own enquiries.

Ground Floor:Entrance Hall, Bedsit x 3, Shower Room
First Floor:Bedsit x 3, Kitchen, Shower Room, W.C.
Second Floor:Bedsit x 2 

Tenure
Unknown
Tenancy
The below tenancy information has been provided by the vendor and reflects rent increases since many of the initial tenancy agreements were signed. Pugh & Co have not been provided with updated tenancy agreements although the previous agreements form part of the legal pack and buyers are advised to rely upon their own enquiries.

Room 1 - £433.33 paid monthly (arrears approx £500)
Room 2 - £200 paid every 2 weeks (no arrears)
Room 3 - £433.33 paid monthly (no arrears)
Room 4 - VACANT
Room 5 - £479.00 paid monthly (no arrears)
Room 6 - £400.00 paid monthly (no arrears)
Room 7 - VACANT
Room 8 - £288.00 paid monthly (no arrears)
Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 16TH AUGUST AND CLOSES ON WEDNESDAY 17TH AUGUST.

3. We understand that the recent HMO licence was allocated in March 2022 and runs until 2027.

4. Energy Performance Certificate = E.
Addendum
The current rental income totals £29,200

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