House For Sale £38,000
Florence Street, Burnley

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

28 Florence street, Burnley BB11 5EQ

Tenanted not inspected by Edward Mellor but reported to comprise; lounge, kitchen, two bedrooms and bathroom. Reported to be currently let by the room at a combined income of £382.50. The tenants have expressed a desire to remain in situ. AST has been requested. Internal photos coming soon.

A great investment opportunity in a popular residential area. The property currently has long-standing tenants reportedly providing a combined income of £382.50 per month. Similar properties in the area are currently commanding rental rates in the region of £575 - £600 pcm, presenting an opportunity for a potential rent increase.

Conveniently located close to bus routes, local schools, and amenities, as well as transport links to Accrington, Pendle, Rossendale, and major motorway links, this property is in a sought-after location among renters.

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

Lubbock Street, Lancashire, BB12 SSTC - 10/05/2024 £75,000 Terraced 2 beds

14, Prestwich Street, BB11 4NZ - SSTC - 07/05/2024 £75,000 Terraced 2 beds0.45 mi

11, Prestwich Street, BB11 4NZ- SSTC - 12/04/2024 £80,000 House 2 beds0.47 mi

Rental values in the area are in the region of £575-600pcm