2 bedroom apartment for sale

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2 bedroom apartment for sale

Blyth Road, Doncaster, South Yorkshire, DN11
£182,000

Our Summary

  • One of the most unique aspects of investing at Harworth house is that it is currently being leased to the non-profit housing company under a fully internally repairing insurance (FIRI) lease that also includes annual Consumer Price Index (CPI) increases, and with the national CPI rising at an unprecedented rate in recent years, the scope for growth in rental income through CPI increases is extremely high

Description

Harworth House is an assisted living development in Doncaster, offering a collection of high-quality studio, one-bed, and two-bed apartments within the newly converted area of Harworth. Strategically located near the A1(M), it provides easy access to major cities such as Doncaster, Sheffield, and Nottingham. The development is currently leased to a non-profit housing association under a Full Repairing and Insuring (FRI) lease with annual rent reviews linked to the Consumer Price Index (CPI), offering potential for rental growth. The property is fully managed and comes with a 10% yield for 25 years, making it an attractive investment opportunity with no ground rent and a one-off reservation fee of £5,000. Harworth House presents a secure and profitable investment in the assisted living sector, with the added benefit of supporting the community while providing stable income streams for investors. Doncaster's strategic location, population size, and transport connectivity make it an ideal place for assisted living developments, offering both residents and investors a favorable environment.
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