Burnley, BB11 4SE | Investment Property for Sale | VES-BB11-001

Opportunity to purchase a terraced house in Burnley generating £4,536 rent pa & gross yield of 8%

£57,000

Terraced House

VES-BB11-001

INITIAL INVESTMENT

£18,460

Based on

deposit: £14,250

stamp duty: £1,710

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£4,536

GROSS YIELD

8.0%

ADD TO FAVOURITES

Long-term tenant

Tenants that stay for long periods feel they have a stake in the property and are more likely to treat it as though it was theirs.

Benefits include:

  • Steady income
  • Minimised wear and tear
  • Fewer void periods

The property

TENANCY

Tenanted

TENURE

Freehold

2 bedrooms

1 bathroom

1 reception room

657

Unfurnished

Property information

  • Spread over 2 floors
  • Recently refurbished throughout
  • Parking area to the rear of the property
  • Access to a garden at the rear of the property
  • Tenants signed a 3-year tenancy agreement
  • EPC rating D

Location information

  • 0.3 miles to Burnley Barracks train station
  • 1 mile to Burnley Central train station
  • Easy access to the M65 motorway

Note

Please note that Vesta has not visited this property and that all material has been provided by the vendor.

Tenancy

RENT

£4,536 p.a. / £378 pcm

TENANCY DEPOSIT

£375

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

15 months ago

TENANCY AGREEMENT ENDS

3/17/2022

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Burnley, Lancashire

Burnley is a town in Lancashire, north-west England. It lies around 21 miles north of Manchester and 20 miles east of Preston.

Burnley is very well connected via road and rail. Junctions 9, 10 and 11 of the M65 motorway serve the town, running west to Accrington, Blackburn and Preston where it connects to the M6, and north-east to Nelson and Colne. There are several A roads going through town and the A56 dual carriageway links to the M66 motorway going to Manchester and the M62.

There are four railway stations in town, Burnley Manchester Road, Burnley Central, Burnley Barracks and Rose Grove. Trains are operated by Northern, with an hourly semi-fast service from Manchester Road to Preston and Blackpool North, Leeds and York. Whilst Central and Barracks stations run services to Blackpool South and Preston as well as Nelson and Colne.

Burnley is surrounded by the Pennine countryside and is ideally located for anyone who enjoys outdoor activities. For example, the Prairie Sports Village, which offers excellent facilities for golf enthusiasts. There is a golf course, driving range, mini golf, lessons and golf activities for juniors such as footgolf. At Thompson Park there are rowing boats or kayaks for hire, and at Clowbridge Reservoir activities include windsurfing and sailing. The town’s waterways are also ideal places for a walk or an escape into nature. On Crown Point Moor stands the iconic Singing Ringing Tree, a three-meter-tall steel sculpture.

Other attractions include the two historic houses Towneley Hall and Gawthorpe Hall. Towneley Hall is surrounded by historic parkland with woodland walks, formal gardens, sculpture and nature trails. There are annual cultural events such as the Burnley Literary Festival and the Canal Festival. The Mechanics Theatre and Burnley Youth Theatre offer a varied programme throughout the year for the whole family.

The manufacturing sector remains very strong in Burnley and key manufacturing employers are in highly specialised fields such as: Safran Aircelle (aerospace), GE (aerospace), AMS Neve (professional audio), TRW Automotive and Futaba-Tenneco UK (automotive components). Burnley still has strong economic links with Manchester and Leeds as well as neighbouring towns along the M65.

Burnham Gate,

Burnley,

Lancashire,

England,

BB11 4SE

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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