Oliver Street

Oliver Street, Mexborough S64 9NW

Asking Price: £90,000 | Freehold | Three-Bedroom Mid-Terrace | Currently Let at £700 pcm

Property Summary

A well-presented, freehold three-bedroom mid-terrace arranged over three floors in the heart of Mexborough. The current landlord has modernised the accommodation to a high standard; the property is currently let at £700 per calendar month, offering an immediate income stream for a new owner-investor.

Key Features

• Freehold tenure – no service charges or ground rent to worry about.
• Asking price: £90,000.
• Rental income: £700 per calendar month (gross annual £8,400).
• Modernised throughout by current landlord – immediate let-ready asset.
• Strong potential for refurbishment value uplift, given the converted attic.
• Convenient location in Mexborough: good transport links, local amenities, rental demand.
• Attractive for both investor purchase and potential future owner-occupation.

Investment Returns & Yield Analysis

With a purchase price of £90,000 and a current rent of £700 pcm (£8,400 per annum), the approximate gross rental yield of: 9.3%

This is a very competitive entry yield for a three-bed in this region, and compares favourably with many investments in the North where yields of 7-10% are increasingly sought.

Why Oliver Street & Mexborough Work for Investors

Demand & affordability – Mexborough offers a relatively affordable entry point for property investment, meaning the potential for both rental demand and capital appreciation is favourable. The average terraced house price for Mexborough is lower than many southern markets, offering better yields. For example: average sold price for terraced houses in Mexborough recently is around £108,214 according to recent data.

Regeneration and infrastructure – The town is the subject of a committed regeneration strategy by the City of Doncaster Council, including funding of circa £24 million for improvements in Mexborough town centre. That commitment to improving the local environment is a strong positive for future tenant demand and capital appreciation.

Strong rental yields regionally – Uplift in house values and maintained rental demand in South Yorkshire means that an investor can purchase at a modest capital outlay and still achieve a good income stream, mitigating risk compared to very high-cost lower-yield markets.

Flexibility of the property – The three-bedrooms means the property appeals to a broader tenant base (for example families, sharers, professionals) and offers potential flexibility for future upgrades or value-adding (e.g., if further works allow higher rent or alternative use).

Capital Appreciation & Market Trends

5-Year Growth: In the S64 area (Mexborough and surrounds), house prices have increased by approximately +18.9% over the last five years.
10-Year Growth: In Mexborough more broadly, typical properties have increased by around +54.1% over the past ten years (from an average base).

For example:

• Average house price in Mexborough: circa £131,000 (October 2025) representing a rise of about +6.4% over 12 months.
• Over the past 10 years typical values in Mexborough have risen by over 50 %.

This suggests that while capital growth may moderate in the short term, the long-term trajectory remains positive. For a property purchased now at £90,000, if comparable growth were realised, there could be meaningful upside on sale after a 5-10 year hold.

Summary & Investment Pitch

To summarise:

• This is a freehold, modernised three-bed terrace, achieving £700 pcm rent, at an asking price of £90,000.
• Represents an estimated gross yield of 9.3%, which is strong for a single let residential property in this region.
• The location in Mexborough offers affordability, demand, and regeneration upside – good mix of yield + growth.
• Historical house-price growth (5-10 years) in the area has been solid, supporting the potential for future appreciation.
• The property is ready to go (tenanted), meaning immediate income from acquisition.
• Suitable for a buy-to-let investor seeking cashflow and potential capital appreciation, or a portfolio buyer looking to scale.

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