HMO Sales Expert says ..

Property Oracle says ..

The property is located on Thorne Road in Doncaster, South Yorkshire. It’s a 14 bedroom, 14 bathroom property with a total area of 600 sqft and a plot size of 0.00 sqft. The list price is £900,000.

The property appears to have been recently renovated to a high standard, as seen in the provided photos. All rooms are modern and well-equipped with new furniture and fixtures. The bathrooms and kitchens are contemporary and clean. The overall condition of the property is excellent.

The property has a very small plot size, essentially no garden. This is a significant drawback, especially considering the price point.

The average house price in the area is £417,357, and the average price per sqft is £446. This property, at £900,000, is significantly above the average price. Given the small plot size and the fact that the property is essentially a converted HMO (Houses in Multiple Occupation), the price per sqft is exceptionally high. While the property is in excellent condition, the lack of land and the high price relative to other properties in the area makes the asking price seem unreasonable. The high number of bedrooms and bathrooms suggests it is aimed at the rental market, however, the high purchase price would need to be justified by high rental yields to be considered a sound investment. Further investigation into rental yields in the area would be necessary to fully assess the value proposition. The proximity to Hall Cross Academy and Town Field Primary School may be a positive factor for potential tenants. The location near Doncaster train station is also advantageous.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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