Apartment 005 St Peters House, Princes Street, Doncaster, South Yorkshire, DN1 3BP

Description

A Ground Floor One Bedroom Flat Subject to a Periodic Tenancy Producing £7,500 Per Annum. The property comprises a ground floor one bedroom flat situated within a purpose built building arranged over ground and three upper floors.

Accommodation

Ground Floor: Reception Room with Open-Plan Kitchen; Bedroom; Bathroom.

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Hexthrope Park are within easy reach. Transport links are provided by Doncaster rail station.

Tenure / Property Information

Investment Analysis

Same-building HM Land Registry evidence ranges from £61,000 in March 2024 to £101,250 in December 2020. The most recent comparable is £61,000, so this is used as the conservative base GDV. Older higher sales support an upside scenario of £88,000, but size, condition and individual flat comparability are not supplied.

Investment Snapshot

Strategy Recommendation

Prioritise income-led BTL or BRRR investigation rather than a flip, subject to legal-pack review, confirmation of the £7,500 rent and full leasehold cost information. Do not rely on the headline yield until all running costs are verified.

Works Required

No refurbishment works or defects are evidenced. Allow for inspection and verification of condition, tenancy documentation and any building-related obligations before bidding.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

At the base GDV of £61,000, 75% refinancing equates to £45,750. Against the guide price plus the known £1,800 administration charge, indicative cash released would exceed the analysed cost by £11,950 before finance, tax and other completion costs. Actual refinancing depends on valuation, lender criteria, lease and tenancy terms. No refurbishment budget is evidenced.

Buy-to-Let Analysis

The property is stated to produce £7,500 per annum, equivalent to £625 pcm. Against the £32,000 guide this is a 23.44% gross yield, or 22.19% including the £1,800 administration charge. The £575 pcm rental listing is asking evidence only, and net yield cannot be established because service charge, ground rent, insurance, maintenance, voids, management and tax are unknown. The periodic tenancy and rent should be verified.

Flip Analysis

A guide-price purchase plus the known administration charge gives an analysed base cost of £33,800 before unknown disbursements and other costs. The base GDV is £61,000, but no supported selling allowance, finance cost, tax, legal cost or refurbishment budget is available, so a reliable flip surplus cannot be calculated. The existing periodic tenancy may also affect resale strategy.

Investor Risks & Due Diligence

• Periodic tenancy terms, tenant status and the stated £7,500 annual rent require verification.

• Service charge, ground rent, insurance and other leasehold costs are not provided.

• Auction disbursements and possible additional Special Conditions charges are unknown.

• EPC, council tax, parking and heating information is not provided.

• Comparable sales vary materially and several are older; the subject flat's size and condition are not evidenced.

• Refinance proceeds depend on the lender valuation, leasehold terms and tenancy criteria.

Recommendation

Prioritise income-led BTL or BRRR investigation rather than a flip, subject to legal-pack review, confirmation of the £7,500 rent and full leasehold cost information. Do not rely on the headline yield until all running costs are verified.

Strategy Rating

Analysis Confidence

The analysis has a recent same-building sale, multiple older same-building sales, stated passing rent and an asking-rent reference. However, the subject flat's size, condition, leasehold charges, EPC, tenancy documentation, disbursements and selling costs are not supplied.