Doncaster Road
Selby, YO8 9BS
£290,000
Exceptional multi-unit investment comprising four-bedroom HMO plus two self-contained flats generating an impressive £28,864 annual income with 10% gross yield. This substantial Victorian building offers immediate high returns with great income enhancement potential through strategic rental optimisation, making it ideal for experienced investors seeking superior cash flow.
The fully tenanted property includes a four-bedroom HMO requiring no licence, plus two additional self-contained flats, all currently tenanted. With annual expenses of just £3,400 for council tax and utilities, the net yield remains exceptionally attractive while offering scope for further income growth through targeted improvements.
Positioned in a prime residential area amongst original Victorian properties, ensuring consistent tenant demand and long-term capital appreciation potential. The building maintains excellent external condition while internal modernisation presents strategic value-add opportunities. Its prime location within walking distance of all essential amenities makes it highly desirable to tenants across all accommodation types.
This turn-key investment combines immediate high-yield returns with enhancement potential, perfect for investors seeking substantial cash flow in a proven rental location.
Property Investor Details
Utilities
£1,800
Council Tax
£1,600
Management fees Housemates
£2,217
Annual income
£31,671
Mortgage repayment*
£10,875
Gross yield
10.92%
Net yield
8.98%
Net yield remortgaged
20.94%
5 year ROI remortgaged
265.70%
*Calculated at 25% LTV with a 5% interest only mortgage. This value can vary subject to respective mortgage lenders.
Calculation Brochure and Property Management Solutions
Download the brochure for this property to see how we calculate the figures displayed above and get additional insight on how to maximise returns. Check out our buy-to-let management solutions as well for comprehensive and investor-friendly letting agent services.