Shared accommodation for sale in Balby Road, Balby, Doncaster DN4
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Property features
- 7 Bedroom HMO Opportunity
- Renovation project
- Excellent investment project
- Prime location close to city centre
- Three Storey Victorian Building
- Drawings in place for conversion
- Full Planning Permission for 3 x self contained flats
- *Buyers Premium Applies
Property description
Potential 7 bedroom HMO conversion opportunity| full planning approval for 3 X self contained flats| full refurbishment required| opportunity to significantly add value to the property| fantastic location close to all local amenities| call today to secure this fantastic investment opportunity
We are delighted to bring to the market a fantastic investment opportunity to purchase this three storey building which has had plans drawn up for conversion into a 7 bedroom HMO. Please see the detailed architect drawings for additional details on the proposed layout of the development. Alternatively the property also has full planning permission granted to be converted into 3 x 1 bedroom apartments.
The property requires full renovation throughout and is situated in a fantastic location in central Balby, within walking distance to the town centre and all local amenities such as schools, parks, shops, supermarkets, bars, restaurants and cinemas.
Upon completion of this conversion, the property would benefit from a significant increase in capital value and would make a fantastic long term investment with the potential for an ongoing annual projected rental income of approximately £43,680 per annum with a projected ROI of over 15% after refinancing.
*A buyer's premium of 1% + VAT, (subject to a minimum of £2995 + VAT) of the agreed sale fee applies to this property, £995 + VAT of which must be paid to secure the property and the remainder is payable upon exchange of contracts. Terms and conditions apply, please see the 'Buyer's Premium' page of our website for more information.
Property info
For more information about this property, please contact
BRH, DN12 on +44 1302 457536 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by BRH, and do not constitute property particulars. Please contact BRH for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.