The property
TENANCY
Tenanted
TENURE
Freehold
5 bedrooms
1 bathroom
989
Fully Furnished
Leasehold information
- Length of lease: 999 years
- Year lease started: 1868
- Years left on lease: 845 years (from 2022)
- Service charge: n/a
- Service charge review period: n/a
- Ground rent: peppercorn
- Ground rent review period: n/a
Property information
- Brand new HMO under development
- Works are expected to complete in Q1 2023
- The property is currently undergoing a full refurbishment and is being converted from a 2-bed house into a 5-bed HMO
- Spread over 2 floors it will comprise of:
- 5 x bedrooms
- Shared bathroom
- Shared kitchen
- EPC rating G; once works are completed the new EPC rating is expected to be a minimum of a D
- Council tax band A
Rental information
- A housing provider is ready to sign an FRI lease and move in once the works are completed
- Full FRI lease for 25 years
- The tenant will pay for all maintenance and management costs
- The rental income will be CPI-linked, and each year is capped at 1-4%
- It is expected to generate the following net rent in the first year:
- Monthly rental income: £1,531.29
- Annual rental income: £18,375.50
- The displayed gross rent and gross yield are reflecting the net amounts; we are unable to display net figures at present
Location information
- The property is located in the Rishton area of Blackburn
- Rishton High Street is a 5-minute walk from the property
- There is a bus stop near the property with regular services
- Rishton railway station is 0.6 miles from the property and can be reached in 11-minutes on foot
Note
Please note that Vesta has not visited this property and that the vendor has provided all material.
Please note that the pictures are not of the actual property but represent a previously completed property from the same vendor. They are for illustrative purposes only and to show the level of quality this property will be finished. The floorplan does represent this property.
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 Blackburn, Lancashire
Blackburn is a town in Lancashire in north west England. It lies around 8 miles east of Preston and 21 miles north-west of Manchester.
The town is very well connected by road, with the A666 and A667 passing through the town and the M65 motorway running south of Blackburn. The M65 connects to the M61 at junction 9 and the M6 at junction 29.
Blackburn railway station is located in the centre of town and is served by Northern Trains. On the Ribble Valley Line regular trains run south to Manchester Victoria and north to Clitheroe. On the East Lancashire Line there are train services to Preston and Colne, with some through trains to Blackpool South. On the Caldervale Line trains run to Blackpool North as well as to Bradford Interchange, Leeds and York. There are also direct services to Manchester Victoria via Accrington and Burnley and a few through trains to Southport via Wigan Wallgate.
The local landmarks include Blackburn Cathedral, Ewood Park, Queen Victoria’s statue, and the Town Hall. Blackburn has several parks including Corporation Park, Queen’s Park, Roe Lee Park and Witton Country Park.
Other places to visit include Turton and Entwistle Reservoir, King Georges Hall, Blackburn Museum & Art Gallery, Planet Ice Blackburn, Bureau Centre for the Arts and Mrs Dowsons Farm, to name a few.
The Mall Shopping Centre offers a variety of high street brands as well as independent stores. On the ground floor of the shopping centre is Blackburn Market which offers a variety of stalls selling fresh and seasonal produce, textiles, electrical items, clothes, gifts and more. Further retailers can be found in the streets surrounding the shopping centre.
Education in Blackburn is provided by a large number of primary schools, nine state-funded secondary schools and one private secondary school, as well as a few special schools. There are two further education colleges in town and the East Lancashire Institute of Higher Education offer higher education courses for the over 18s.
The main employers in Blackburn include Blackburn College, Thwaites Brewery, BAE Systems, Blackburn with Darwen Borough Council and the East Lancashire Hospitals NHS Trust.
Hermitage Street,
Rishton,
Blackburn,
Lancashire,
England,
BB1 4ND
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Important Note
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