Worst House on the Street Logo
Locky's Bar, 7 Park Street, Wombwell, Barnsley, S73 0AS - Image 1
Locky's Bar, 7 Park Street, Wombwell, Barnsley, S73 0AS - Image 2
Locky's Bar, 7 Park Street, Wombwell, Barnsley, S73 0AS - Image 3
Locky's Bar, 7 Park Street, Wombwell, Barnsley, S73 0AS - Image 4
Locky's Bar, 7 Park Street, Wombwell, Barnsley, S73 0AS - Image 5
Locky's Bar, 7 Park Street, Wombwell, Barnsley, S73 0AS - Image 6
Locky's Bar, 7 Park Street, Wombwell, Barnsley, S73 0AS - Image 7
Locky's Bar, 7 Park Street, Wombwell, Barnsley, S73 0AS - Image 8
Locky's Bar, 7 Park Street, Wombwell, Barnsley, S73 0AS - Image 9
Locky's Bar, 7 Park Street, Wombwell, Barnsley, S73 0AS - Image 10
Locky's Bar, 7 Park Street, Wombwell, Barnsley, S73 0AS - Image 11

Locky's Bar, 7 Park Street, Wombwell, Barnsley, S73 0AS

Yorkshire

£300,000
Listed on 06/06/2025

Property Details

Bedrooms
N/A
Type
Detached house
Area
5997 sqft

Description

Locky's Bar is a freehold pub located in the heart of Wombwell, near Barnsley, offering a unique opportunity for renovation and investment. This well-established venue features a main bar area along with an attached function room, accommodating up to 350 patrons. The property includes a rear access point and additional side access via a private road owned by the pub, enhancing its operational versatility. Strategically positioned in the center of Wombwell, the bar is less than a mile from Wombwell railway station, making it easily accessible to both locals and visitors. The surrounding area encompasses Wombwell, Darfield, and Stairfoot, which collectively boast a population exceeding 15,000. This demographic ensures a steady customer base for potential operators. The ground floor is designed for social gatherings, featuring performance stages, ample seating arrangements with tables and chairs, as well as customer facilities. The function room includes its own bar area, presenting opportunities for hosting various events. Additionally, the first floor comprises several offices and a gym, which could be reimagined into residential apartments or living spaces subject to obtaining the necessary planning permissions. Currently operating until midnight on weekends with an extended license allowing for trading until 2 AM, Locky's Bar has demonstrated consistent business performance over recent years. The venue hosted 12 functions within the last year alone and benefits from proximity to two free public car parks—factors that enhance its potential as an event space. With approximately 4,700 followers on Facebook but lacking an independent website, there is significant scope for improving online presence and marketing strategies to attract more customers. The current team consists of five staff members who assist in daily operations. Trading figures indicate a robust turnover trend across recent years: £315,480 (2024), £338,941 (2023), and £356,206 (2022), showcasing solid financial performance with adjusted net profits also reflecting encouraging stability. In summary, Locky’s Bar not only offers a vibrant community hub but also presents considerable renovation potential that can be leveraged to expand its functionality and profitability in this growing local market.

Investment Analysis

(S73 area)

Below Market Value

This property is priced -72.8% below area average per sq ft

-72.8%
Potential saving
This Property
£50/sq ft
Area Average
£184/sq ft
Avg Rent (weekly)
£166
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
Target Value
£1,211,814
10% above area average per sq ft
Potential ROI
+203.0%
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
33%
Properties sold annually

Local Market Trend (S73)

Area prices are rising by +9.0% over the last 12 months
3 year growth: 15.8%
5 year growth: 32.5%
Investment Disclaimer: Analysis based on S73 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

Locky's Bar, 7 Park Street, Wombwell, Barnsley, S73 0AS
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,099
Based on a loan of £225,000 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.

Next Steps

Explore services to help you with this property purchase.

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

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