Darwen, BB3 1QL | Investment Property for Sale | VES-BB3-003

Opportunity to purchase a terraced house in Darwen generating £5,460 rent pa & gross yield of 5.7%

£95,000

Terraced House

VES-BB3-003

INITIAL INVESTMENT

£29,100

Based on

deposit: £23,750

stamp duty: £2,850

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£5,460

GROSS YIELD

5.7%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Leasehold

2 bedrooms

1 bathroom

1 reception room

764

Unfurnished

Leasehold information

  • Length of lease: tbc
  • Year lease started: tbc
  • Years left on lease: tbc
  • Ground rent: peppercorn
  • Ground rent review period: tbc
  • Service charge: n/a
  • Service charge review period: n/a

Property information

  • Spread over 2 floors
  • Large reception room
  • Sitting/dining room
  • Downstairs WC
  • A new kitchen was recently installed
  • Access to the courtyard via the kitchen
  • 2 double bedrooms on the first floor
  • Family-size bathroom on the first floor
  • EPC rating E
  • Council tax band A
  • Monthly rental income £455

Location information

  • The property is located within the Darwen West ward
  • Darwin town centre is 0.6 miles from the property
  • There are some local amenities a short walk from the property
  • Darwen railway station is 0.8 miles from the property
  • Easy access to the M65 via Junction 4

Tenancy

RENT

£5,460 p.a. / £455 pcm

TENANCY DEPOSIT

£400

TENANCY TYPE

AST

TENANCY AGREEMENT STARTED

19 months ago

TENANCY AGREEMENT ENDS

Periodic

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 Darwen, Lancashire

Darwen is a market town in the Blackburn with Darwen borough in Lancashire, in the North West of England. Blackburn lies around 4.5 miles north of Darwen, Preston around 14 miles north-west, Bolton around 9.5 miles south and Accrington around 8 miles north-east.

The A666 runs through Darwen providing a direct connection to Blackburn and Bolton. From Pendlebury it joins the A6 which runs from Luton to Carlisle.

Darwen railway station is served by Northern Trains and lies on the Ribble Valley Line from Rochdale/Manchester Victoria to Blackburn and Clitheroe. There are also regular bus services to Blackburn/Accrington as well as Bolton and Clitheroe.

The local landmarks include Darwen Jubilee Tower, Darwen Library and Darwen Town Hall. There are four parks in Darwen, three of which lead to the moors and Jubilee Tower. On a clear day one can see Blackpool Tower, the Isle of Man, North Wales and the Furness Peninsula from the top of Jubilee Tower. Darwen’s location in the West Pennine Moors also offers a great variety of walks and trails for anyone interested in outdoor pursuits. The moors are a Site of Special Scientific Interest and are also home to several reservoirs.

Darwen town centre offers all the usual shops as well as a great range of independent specialist stores. Darwen Market has offerings from local traders providing a wide selection of food, most of which is locally sourced. One can also find stalls offering essentials such as gifts, arts and crafts, or key cutting.

Education is provided by a number of primary and secondary schools. Further education and special & alternative schools are located in nearby Blackburn.

The local economy of the Blackburn with Darwen borough is largely driven by the health, manufacturing, retail and wholesale, education and business admin and support services sectors. According to the local government around 7 in 10 jobs can be found within these sectors.

Bright Street,

Darwen,

Blackburn with Darwen,

England,

BB3 1QL

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