House For Sale £55,000
Ulster Street, Burnley

For Sale with Tenant in Situ - Instant Cash Flow Opportunity!

An exciting investment opportunity awaits with this property, currently boasting a tenant in place, providing an instant cash flow of £430 per calendar month. Situated in a convenient location, close to local amenities and transport.

Upon entering, you are welcomed into the open-plan living room/dining room, offering a spacious layout ideal for modern living. Access under the stairs leads to a cellar, providing additional storage space to suit your needs.

The kitchen extension at the rear of the property features matching wall and base units, along with an oven/hob and plumbing for a washing machine, ensuring convenience and functionality for daily tasks.

Moving upstairs, you'll discover a generously sized bathroom, complete with a separate bath and shower. The main double bedroom provides ample space for rest and rejuvenation, while a single bedroom at the front of the property offers versatility to accommodate guests or serve as a home office.

Additionally, an extra room presents itself, offering flexibility to be utilized as an office space or for additional storage, catering to your individual lifestyle requirements.

Externally, the property offers a low-maintenance exterior, allowing for easy upkeep, while still providing a private outdoor space for relaxation or entertaining.

Don't miss out on this chance to secure a property with a tenant already in place.

Contact us today to arrange a viewing and seize this lucrative investment opportunity.

For Sale by Modern Method of Auction; Starting Bid Price £55,000 plus Reservation Fee.

This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance. The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition
to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.