Flat for sale in Manchester Road, Burnley BB11

Guide price £225,000
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Flat for sale - 5 bedrooms

5 3 3 EPC Rating: D EPC Rating: D

Tenure:
Not available
Council tax band:
Not yet known - A band has not yet been confirmed.

Utilities and more details

Property description

An exceptional opportunity generating £16,900 pa (7.55% Gross Yield) is ideal for any existing landlord or someone trying to get into buy-to-let property business and should not be overlooked. This substantial traditional stone-built semi-detached property has been divided into three separate flats. Flat 1, a two-bedroom unit, currently generates a rental income of £475.00 per calendar month. Flat 2, also a two-bedroom unit, achieves the same rental amount, while Flat 3, a one-bedroom unit, brings in £465.00 per month. The total annual income from the property stands at £16,900, with an impressive occupancy rate of 96%. All working professional tenants. Each flat boasts remarkable open views of Burnley Town Centre and is conveniently located near excellent transport links, including the Manchester Road Train Station, which offers direct services to Manchester Victoria and Preston, as well as the X43 Bus route to Manchester. Additionally, there is potential to convert the basement into another flat, further enhancing the property's value.

Property info

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Bridgfords - Burnley Sales, BB11 on +44 1282 344727 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Bridgfords - Burnley Sales, and do not constitute property particulars. Please contact Bridgfords - Burnley Sales for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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