# Land for sale (S72 7LR) ## Property Details | Key | Value | |-----|-------| | Address | 10 - 12, HIGH STREET, BARNSLEY, GRIMETHORPE, SOUTH YORKSHIRE S72 7LR | | Price | £50,000 | | Last sold | £110,000 Jun 2023 | ## Description **Guide Price: £50,000 For sale by unconditional online auction starting on 14th October at 10:00 and ending on 14th October at 10:30** For Sale by online Auction, bidding opens Tuesday 14th October at 10:00am. Land adjacent to the High Street in Grimethorpe, Barnsley, with significant development potential (subject to planning permission) DEVELOPMENT OPPORTUNITY Grimethorpe, Barnsley A fantastic opportunity to acquire a section of land adjacent to the High Street in Grimethorpe, Barnsley, with significant development potential (subject to planning permission). The land benefits from previous lapsed planning permission (circa 2006) for: 12 x 2-bedroom apartments 2 ground-floor retail units This mixed-use planning (Application 2006/0864 with BMBC Planning) presents an excellent opportunity for residential and commercial development. Please note: VAT is applicable on this purchase. This is an ideal opportunity for developers and investors looking to capitalize on a prime location in Grimethorpe. Tenure: Freehold EPC Rating: N/A Council Tax: Barnsley Metropolitan Borough Council Band: N/A Plans/Areas & Boundaries The areas and plans attached to these particulars have been produced in good faith. They are for illustrative purposes only and their accuracy is not guaranteed. The successful purchaser will be deemed to have full knowledge of all boundaries and neither the Vendor nor the auctioneer will be responsible for defining the boundaries for the ownership thereof. UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 10% deposit and a 5%+VAT (subject to a minimum of £5,500+VAT) buyer's premium and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated). PRE AUCTION OFFERS ARE CONSIDERED The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us. SPECIAL CONDITIONS Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations. ## Property Photos - ![Photo](/listings/photos/87280308/1171527) - ![Photo](/listings/photos/87280308/1171528) - ![Photo](/listings/photos/87280308/1171529) - ![Photo](/listings/photos/87280308/1171530) - ![Photo](/listings/photos/87280308/1171531) - ![Photo](/listings/photos/87280308/1171532) - ![Photo](/listings/photos/87280308/1171533) - ![Photo](/listings/photos/87280308/1171534) - ![Photo](/listings/photos/87280308/1171535) - ![Photo](/listings/photos/87280308/1171536) - ![Photo](/listings/photos/87280308/1171537) - ![Photo](/listings/photos/87280308/1171538) - ![Photo](/listings/photos/87280308/1171539) ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | 10 - 12 HIGH STREET, GRIMETHORPE, BARNSLEY, SOUTH YORKSHIRE, S72 7LR | £110,000 | 01/06/2023 | Terraced | | 10 - 12 HIGH STREET, GRIMETHORPE, BARNSLEY, SOUTH YORKSHIRE, S72 7LR | £115,000 | 01/10/2007 | Terraced | | 10 - 12 HIGH STREET, GRIMETHORPE, BARNSLEY, SOUTH YORKSHIRE, S72 7LR | £13,500 | 20/02/1998 | Terraced | ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | 1 ACORN WAY, GRIMETHORPE, BARNSLEY, SOUTH YORKSHIRE, S72 7PE | £300,000 | 22/12/2025 | Other | | 10A HIGH STREET, GRIMETHORPE, BARNSLEY, SOUTH YORKSHIRE, S72 7LS | £54,000 | 20/07/2023 | Other | | 95A HIGH STREET, GRIMETHORPE, BARNSLEY, SOUTH YORKSHIRE, S72 7BD | £60,000 | 09/08/2022 | Other | | COUNTRYWIDE HOUSE SPRINGVALE ROAD, GRIMETHORPE, BARNSLEY, SOUTH YORKSHIRE, S72 7BA | £3,100,000 | 05/11/2021 | Other | **Area average:** £878,500 (4 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £177,667 (3 Other, S72, 2024–2026) - **Deviation:** -71.9% ## Rental Range *ONS Price Index of Private Rents (Yorkshire and The Humber). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £770/mo - **Realistic:** £856/mo - **Optimistic:** £942/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for Barnsley (Apr 2025 – Mar 2026).* ## Rental Comparables *Residential lets from OpenRent and Rightmove for the area. Bedroom counts vary — use the Beds column to compare like-for-like lets. Student lets are excluded.* | Title | Rent | Beds | Distance | As seen on | |------|------|------|------|------| | 2 Bed Bungalow, Michaels Estate, S72 | £575/mo | 2 | 0.23 miles | OpenRent | | 1 Bed Flat, Oldroyd Avenue, S72 | £600/mo | 1 | 0.24 miles | OpenRent | | 2 Bed Terraced House, High Street, S72 | £750/mo | 2 | 0.27 miles | OpenRent | **Average rent: £642/mo (3 listings)** ## 1% Rule - **Rent ratio:** 1.2% (strong) - **Max investor price (0.8%):** £75,000 - **Target investor price (1%):** £60,000 *Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.* ## Rent-driven metrics *Based on OpenRent comparables (median £600/mo).* - **Gross yield:** 14.4% - **Cost-to-rent:** 6.9× - **Monthly cashflow:** £318/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 26.3% *Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).* ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **10y growth:** -26.9% ## House Price Index (HM Land Registry) *Official index for Yorkshire and The Humber; All dwelling types series; as of April 2026.* - **1y growth (index):** 7.1% - **5y growth (index):** 22.7% - **10y growth (index):** 49% ## Flood risk - **Zone:** 1 - **Risk:** Low - **Source:** Job (default Low) [Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)