Darwen, BB3 2UX | Investment Property for Sale | VES-BB3-007

Opportunity to purchase an apartment in Darwen generating £5,580 rent pa & gross yield of 4.3%

£130,000

Apartment

VES-BB3-007

INITIAL INVESTMENT

£39,000

Based on

deposit: £32,500

stamp duty: £4,000

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£5,580

GROSS YIELD

4.3%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Leasehold

SERVICE CHARGE

£1,167

2 bedrooms

1 bathroom

1 reception room

538

Unfurnished

Leasehold information

  • Length of lease: 999 years
  • Year lease started: 2006
  • Years left on lease: 983 years (from 2022)
  • Service charge stated is for period of 01/07/2022 - 30/06/2023
  • Service charge review period: annually
  • Ground rent: tbc
  • Ground rent review period: tbc

Property information

  • The apartment comprises:
    • 2 x bedrooms
    • 1 x bathroom
    • 1 x living room
    • 1 x kitchen
  • Off-street parking available
  • EPC rating: C
  • Council tax band A
  • Monthly rental income £465

Location information

  • The property is located just outside Darwen town centre
  • Darwen town centre can be reached in less than a 5-minute walk
  • Darwen railway station is 0.7 miles from the property and can be reached in under 10-minutes on foot
  • Easy access to the A666

Note

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

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.

Belgrave Court, Belgrave Road,

Darwen,

Blackburn with Darwen,

England,

BB3 2UX

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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.

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