GROSS RENT / YIELD
£3,900 / 8.0%
NET RENT / YIELD
£2,656 / 5.5%
1 reception room
Prices in BB9 have increased 20% over the last 5 years (+1% in the last 12 months) and are £73k based on the average of the previous 12 months. This varies by property type (£91k for a 1-bed flat to £543k for a 5-bed detached property).
On average, there have been 51 properties sold per month in the area in the last 12 months.
In comparison, prices in the wider Blackburn BB postcode area average £111k over the last 12 months and range between £88k for a 1-bed flat to £392k for a 5-bed detached property.
Rents in BB9 are £423 per month (£5,076 pcm) (+1% in the last 12 months) based on the average of the previous 12 months.
On average, there have been 30 properties listed for rent per month in the area in the last 12 months.
Given prices in the area, gross yield is currently 6.5% which is higher than the national average of 4.7% and wider Blackburn BB postcode area of 5.4%.
This property is currently achieving a gross yield of 8% which is 19% higher than the area.
Source: REalyse - 16/04/2019
£3,900 p.a. / £325 pcm
TENANCY AGREEMENT STARTED
34 months ago
TENANCY AGREEMENT ENDS
Documents available on request, please contact for viewings or further questions.
The information relating to the property is supplied by the vendor and the latest available at the date of listing.
Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.
GROSS RENT PER ANNUM
GROSS RENTAL YIELD
NET RENT PER ANNUM
NET RENTAL YIELD
FULLY MANAGED OPERATING COSTS
Click to understand assumptions.
Profit & Growth
ANNUAL (PRE-TAX) PROFIT
Click to understand assumptions.
HPI GROWTH (PREV 5 YRS)
This information is for illustration purposes only and does not constitute advice. It is correct at the time of writing. For advice specific to your personal circumstances, please speak to a financial adviser.
Nelson is a town in the Borough of Pendle in Lancashire and approximately 4 miles north of Burnley. The town is located just off Junction 13 of the M65 motorway, which runs west to Burnley, Accrington, Blackburn and Preston, and northeast to Colne. The A56 runs through the town centre southwest to the M65 by Brierfield and northeast to Colne and further. The A682 leads north into the Yorkshire Dales.
Nelson’s railway station is serviced by Northern, with trains running to Blackpool South via Blackburn and Preston and to Colne.
The Pendle Rise Shopping Centre and Nelson’s town centre offer a selection of high street favourites. There is also a large Morrisons on the edge of the town centre. The newly opened Arts, Culture and Enterprise (ACE) centre offers a cinema, theatre and variety shows, an on-site gallery and recording studio as well as conference rooms and venue hire for events.
Nelson has several parks of which Victoria Park and Marsden Park are the most notable. Victoria Park covers eight hectares of land and features a large lake, band stand, bowling green and a children’s play area. Marsden Park features an ornamental pond, a circular garden and sensory garden, as well as five tennis courts, two bowling greens and the Marsden Park Gold Course.
One of the largest business parks in Nelson is in Lomeshaye by junction 12 of the M65. It is home to over 80 businesses which employ approximately 4,000 people. A former cotton mill, now Lomeshaye Business Village contains a further 151 small and medium sized businesses nearby.
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