House For Sale £173,875
Tenanted investment property - not suitable for owner-occupiers
This wonderful five bedroom mid terrace HMO property briefly comprises; entrance hallway leading to the first of the five bedrooms: A fully fitted kitchen with all appliances included. To the upstairs; a family sized bathroom and three further bedrooms and finally to the second floor another good sized bedroom and unconverted attic/loft room. The property is currently undergoing a significant scheme of refurbishment (full details available upon request) to ensure the property meets all guidelines of a functioning HMO property and will be let to a blue chip company on a 7 year contract to ensure a fully hands off investment model. The property also benefits from a great sized yard to the rear.
The property is ideally situated local to all amenities and benefits from being a short 10 minute drive to the town centre. Burnley is in the midst of a multi-million-pound regeneration of its town centre which Steve Rumbelow, Burnley Council Chief Executive, believes will provide a “huge boost” for the town and add another dimension to its night-time economy.
This is a great time to invest in the Burnley property market, so make sure that you don’t miss this opportunity!
**Please note the pictures used in this listing are for marketing purposes only and are not all from the actual property, further details can be provided upon request**
Financial Breakdown
Assured rent: £13,910
Ground rent: Included*
Service charge: Included*
Lettings fees: Included
Assured income: £13,910
Assured until: Nov 2028
Assured yield: 8%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-17047
This wonderful five bedroom mid terrace HMO property briefly comprises; entrance hallway leading to the first of the five bedrooms: A fully fitted kitchen with all appliances included. To the upstairs; a family sized bathroom and three further bedrooms and finally to the second floor another good sized bedroom and unconverted attic/loft room. The property is currently undergoing a significant scheme of refurbishment (full details available upon request) to ensure the property meets all guidelines of a functioning HMO property and will be let to a blue chip company on a 7 year contract to ensure a fully hands off investment model. The property also benefits from a great sized yard to the rear.
The property is ideally situated local to all amenities and benefits from being a short 10 minute drive to the town centre. Burnley is in the midst of a multi-million-pound regeneration of its town centre which Steve Rumbelow, Burnley Council Chief Executive, believes will provide a “huge boost” for the town and add another dimension to its night-time economy.
This is a great time to invest in the Burnley property market, so make sure that you don’t miss this opportunity!
**Please note the pictures used in this listing are for marketing purposes only and are not all from the actual property, further details can be provided upon request**
Financial Breakdown
Assured rent: £13,910
Ground rent: Included*
Service charge: Included*
Lettings fees: Included
Assured income: £13,910
Assured until: Nov 2028
Assured yield: 8%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-17047
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