House For Sale £35,000
Prescott Street, Burnley

TO BE SOLD BY ONLINE AUCTION ON 12TH JUNE UNLESS SOLD PRIOR UNDER AUCTION TERMS.

8 PRESCOTT STREET , BURNLEY BB10 4DT.

Tenanted and not inspected by Edward Mellor. Let on a AST at £425 per calendar month. The tenants have expressed a desire to remain in situ. Please respect their privacy. The legal pack contains a Notice to take Remedial Action which was served on the previous owner in September 2023. Edward Mellor have not been able to verify whether the Notice has been discharged in full, in part or at all.

An excellent investment opportunity for buy-to-let investors seeking to expand their portfolio. With a current annual income of £5,100 PA and a potential increase to £8,400 PA based on similar properties in the area, this property is ideal for those aiming to achieve a reliable and steady return on their investment.

The local area presents a compelling prospect for investors exploring buy-to-let properties. Abundant with amenities and a robust transportation infrastructure with road and rail networks, it emerges as an exceptional strategic investment hub. Local conveniences, from retail outlets to educational institutions, amplify its attractiveness for both residents and prospective tenants, rendering it an investor-savvy destination.

Here are a handful of similar sold properties which highlight the potential to be unlocked:

16 Mary Street Burnley BB10 4AJ-SSTC - 14/03/2024 £90,000 Terraced 2 beds 0.10 mi

39, Lyndhurst Road, Burnley, Lancashire, BB10 4DX-SSTC - 08/03/2024 £89,995 Terraced 2 beds 0.08 mi

40, Brockenhurst Street, Burnley, Lancashire, BB10 4ET- SSTC - 27/02/2024 £94,950 Terraced 2 beds 0.14 mi

Rental values in the area are in the region of £675 – £700pcm