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Offers over

£120,000

3 bed terraced house for sale
Old Mill Lane, Barnsley S71

    • 3 beds

    • 1 bath

    • 1 reception

  • EPC Rating: D

Chain free
Freehold
Reduced on 10/01/2026

About this property

  • Four Bedroom HMO

  • Current Guaranteed Rental Income of £800pcm with potential to increase

  • No onward chain

  • Secure Housing Association Lease in place until May 2028

  • Property can be offered with vacant possession

  • Projected ROI of 14%

  • EPC Rating D

  • Located close to Barnsley Town Centre and close to all local amenities

  • *Buyer's Premium Applies

This terraced house offers a unique investment opportunity with a secure housing association lease in place until May 2028. The property is currently generating a guaranteed rental income, providing stability and peace of mind for potential buyers. With no onward chain, it simplifies the purchasing process, making it an appealing option for those ready to invest. The property can also be offered with vacant possession should this be requested and would also make an attractive single let investment or family home.

Located near Barnsley Town Centre, the property benefits from proximity to local amenities and public transport links. This makes it attractive not only for investors but also for tenants looking for convenience and accessibility.

With a projected return on investment of 14%, this property offers significant potential for financial growth. The existing EPC Rating D indicates satisfactory energy performance which should minimise the cost of running the property, presenting an opportunity to enhance the property's value further. Interested parties should act quickly to secure this promising investment opportunity.

*A buyer's premium of 1% + VAT, (subject to a minimum of £2995 + VAT) of the agreed sale fee applies to this property. 25% of the total fee (a minimum of £995 + VAT) 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 on our website for more information

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Monthly repayment

£600 per month

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The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.

More information

  • Tenure

    Freehold

  • Council tax band

    TBC

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