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Bridge Street, Barnsley, S71 1PL

Yorkshire

£75,000
Listed on 18/03/2023

Property Details

Bedrooms
2
Type
Terraced house
Area
538 sqft

Description

This two-bedroom end of terrace property presents an excellent opportunity for renovation, making it a compelling option for both investors and first-time buyers. With no vendor chain, the potential to personalize and enhance this home is readily available. Upon entering through the Upvc door, you are greeted by a spacious lounge that serves as the heart of the home, featuring a large double-glazed window that brings in natural light and a central heating radiator for comfort. This room offers a blank canvas to create an inviting living space suitable for modern tastes. The kitchen, though functional, is in need of some modernization. It is equipped with a combination of wall and base units alongside complimentary work surfaces. Here, you will find plumbing for an automatic washing machine and ample space for essential appliances. An Upvc entrance door leads out to a rear yard, while access to the cellar provides additional storage options or potential for further development. Ascending the stairs from the kitchen leads you to the first-floor landing which connects to two well-sized bedrooms and a house bathroom. The main bedroom at the front features fitted wardrobes and a double-glazed window that enhances its appeal. The second bedroom boasts dual aspect windows and built-in storage above the stairs, offering versatile space that can be easily customized. The bathroom includes a three-piece suite comprising a panelled bath with shower attachment, pedestal wash hand basin, and low flush WC; it retains great potential for an upgrade to align with contemporary standards. Externally, the property features a front facing directly onto the street while at the rear lies an enclosed paved yard requiring minimal upkeep but also retaining room for improvements or landscaping ideas. Situated in an area with clear investment potential due to increasing demand, this property allows for substantial renovations that could significantly enhance both its aesthetic appeal and market value over time.

Investment Analysis

(S71 area)

Below Market Value

This property is priced -29.1% below area average per sq ft

-29.1%
Potential saving
This Property
£139/sq ft
Area Average
£197/sq ft
Avg Rent (weekly)
£175
Avg Yield
4.6%

Renovation Potential

Light Refurb
Est. Renovation Cost
£5,000 - £15,000
Target Value
£116,407
10% above area average per sq ft
Potential ROI
+29.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (S71)

Area prices are stable by +0.3% over the last 12 months
3 year growth: 0.0%
5 year growth: 19.7%
Investment Disclaimer: Analysis based on S71 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Bridge Street, Barnsley, S71 1PL
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£275
Based on a loan of £56,250 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE