9 Regent Street, Barnsley, South Yorkshire

Description

A freehold Grade II Listed block of 6 apartments, fully-let and generating £56,340 per annum. We understand the property was converted in 2021 and now comprises 1, 2, and 3 bed apartments offering modern and stylish accommodation.

Accommodation

Block of 6 apartments. The apartments comprise 1, 2 and 3 bedroom units. Flats 1 and 6 are understood to be two-bedroom apartments, and Flat 3 is understood to be one-bedroom. Further details will be added when access is gained.

Location

The property is located fronting Regent Street in Barnsley town centre, within walking distance of a wide range of shopping, leisure and everyday amenities, including the Alhambra Shopping Centre and Barnsley Market, together with a variety of cafés, restaurants and public houses. Barnsley railway station and the town’s bus interchange provide public transport links to the wider region, while the M1 motorway is accessible via the surrounding road network, offering connections to Sheffield, Leeds and the wider motorway network.

Tenure / Property Information

Investment Analysis

Freehold Grade II Listed block of six fully-let apartments producing supplied gross rent of £56,340 per annum. At the £500,000 guide, the gross rent yield is approximately 11.27% before buyer premium, finance, tax, maintenance, management, insurance and other operating costs. No completed sales, external rental comparables, capitalisation rate or formal valuation evidence is supplied, so GDV and market value cannot be reliably estimated. The 1.8% buyer premium is £9,000 at the guide price; admin and special-condition fees are unknown.

Investment Snapshot

Strategy Recommendation

Consider only as an income-led hold at a price justified by verified rent, tenancy documentation and all acquisition/operating costs. Do not rely on a flip or BRRRR strategy without independent valuation, compliance review and a full cost schedule.

Works Required

No refurbishment works are evidenced. Allow for inspection, maintenance review and confirmation of the condition and compliance of the 2021 conversion, subject to access and the Grade II Listed status. No works allowance can be supported from the supplied evidence.

Rental & Market Context

Potential BRRR Position

A BRRR assessment cannot be completed reliably because no GDV, comparable evidence, refurbishment budget or refinance valuation basis is supplied. The guide-price rent profile may support an income-led refinance, but achievable loan proceeds and cash left in cannot be calculated without a supported GDV and full project cost.

Buy-to-Let Analysis

The supplied passing/contracted rents total £56,340 per annum, equivalent to £4,695 pcm, and imply an 11.27% gross yield on the £500,000 guide price before the £9,000 buyer premium and other costs. A net yield cannot be established because operating costs, insurance, management, maintenance, finance, tax and void assumptions are not supplied. Review all tenancy agreements, rent payment history, deposits, compliance documents and the holding-over arrangements before bidding.

Flip Analysis

A flip appraisal is unsupported because no completed sales, GDV, refurbishment budget, selling costs or resale evidence is provided. The property is fully let, so vacant possession and tenancy implications would also require confirmation before considering resale.

Investor Risks & Due Diligence

• No completed sales or formal valuation evidence is supplied, so market value and GDV are unverified.

• No external rental comparables or net operating cost information are supplied; the calculated yield is gross only.

• Buyer premium is 1.8% including VAT, with admin and possible special-condition fees unknown.

• Flat 2 and Flats 3, 4 and 6 are stated to be holding over; tenancy terms, possession position and rent payment history require verification.

• The supplied Flat 4 holding-over date of 04/12/2026 requires clarification against the stated current date.

• The property is Grade II Listed and was reportedly converted in 2021; planning, listed-building, building-regulation and ongoing compliance documentation should be checked.

• Access has not yet been gained and further accommodation details are outstanding.

• Fully-let status may limit vacant possession and resale flexibility.

Recommendation

Consider only as an income-led hold at a price justified by verified rent, tenancy documentation and all acquisition/operating costs. Do not rely on a flip or BRRRR strategy without independent valuation, compliance review and a full cost schedule.

Strategy Rating

Analysis Confidence

Income and tenure information is relatively detailed, but there are no sales comparables, external rental comparables, GDV evidence, refurbishment costs, operating costs, EPC details or special-condition fees. The supplied holding-over date for Flat 4 also requires clarification because it is dated 04/12/2026.