Britannia House is a conversion from a disused pub to a luxury HMO property.

Britannia House comprises three floors in the main building and a one storey building at the rear of the property. 

There is also an eco-friendly state of the art bio-mass heating system which provides the central heating and hot water supply to the whole of the property.

Post Front 4
Britannia House front
–Self Contained Flats Development Site

Luxury HMO Property split over three floors

The property was acquired and developed by Empire. It was a challenging development as the shape of the property meant that the internal layout had to be carefully considered and reconfigured in order to achieve the best possible living spaces for prospective tenants.

Britannia House is now an attractive building that is prominent from one of the main arterial roads into Doncaster city centre.

Property Details

  • 10 Month conversion
  • 25 Studios, communal kitchen and laundry room
  • Studios let at an average of £110.00 per week
  • 100% Let within 10 weeks
  • £1,600,000 Gross Development Value

Development Figures

  • Purchase Price – £160,000
  • 25 Studios, average cost per studio – £30,000 (£750,000 Total)
  • Total cost (including interest) – £1,100,000
  • Rental value – £162,500 per annum
  • Investment value – £1,625,000
Post Bedroom
Post Front 6
Post Front 7
Post Kitchen
Post Rear
Post Rear 2
Post Rear 3
Previous
Next

Notes
In relation to costs there will be ongoing management charges to a lettings management agent at circa 10% of the income. The utilities and council will be covered by the tenants themselves as these flats are fully self-contained and will have their own services. Also a provision will have to be made for small void periods. In total we estimate it will cost 15% of the income, inclusive of the management costs, voids and utilities, to cover all outgoings.This figure does not take into account savings from the proposed biomass boiler.

Latest Media

  1. press

    Platinum Jubilee: Eight towns to be made cities for Platinum Jubilee 

    May 20, 2022

    Eight new cities have been named for the Queen’s Platinum Jubilee, with at least one in every UK nation – and on the Falkland Islands and Isle of Man.
    Read the article
  2. press

    This is how Doncaster’s £14 million new museum looked when the lights were finally switched on for the first time 

    Jul 03, 2020

    Builders who are carrying out work to create the town centre landmark on Waterdale have now carried out their lighting tests – showing for the first time how the frontage will look.
    Read the article
  3. press

    Work begins on £38m ​“major industrial development” in Doncaster 

    Feb 27, 2020

    Work has started on the development of a £38m distribution centre in Doncaster.
    Read the article

This website is using cookies
This website uses cookies for analytics and to deliver improved service. By using this site, you agree to this use. See our Cookie Policy for more information.