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Property ID: 218162760
Offers Over
£59,500
Location
Accrington Road, Burnley, BB11 4AB
Size
420
Tenure
Leasehold
Bedrooms
1
Type of property
Flat
Current Yield
11.6%
Monthly Income
£575
Property Information

Our latest listing is a 1-bedroom flat located in Burnley. It is conveniently close to essential amenities, offers strong potential for rental returns, and has a tenant in residence.


For investors looking to expand their portfolio, this is a fantastic opportunity!


This property offers one bedroom, a lounge, a kitchen, and a three-piece bathroom. Residents also benefit from the convenience of shared private parking.


Investment details


It currently produces an annual gross income of £6,900, with the existing tenants in place. Considering the purchase price, this will make for a worthwhile addition to an investor's property portfolio.


Please see the Let Property Pack linked below for greater details on this property's investment potential.


If you are interested, please call us.


Tenancy Details


The current tenants have been residing in the property for less than a year and have consistently paid their rent on time. They do not plan to move out and wish to continue their tenancy.


Let Property Sales is committed to facilitating a smooth transaction process. To ensure maximum commitment from both parties to the sale, a fully refundable buyer's premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non-completion.

Cash Purchase
Mortgage
Purchase Price
Assumed purchase price based on home report value
Stamp Duty Tax
Est. Legal Fees
Monthly Running Costs
Letting Agency Fees
Ownership CostsWhat are these?
Calculated Returns
Paisley benefits from an average of 4.5% capital growth. Learn more
Purchase Costs
Based on monthly income of
£575
Cashflow p/m
575
Current Yield
null%
Based on potential rent of
£575
Cashflow p/m
575
Potential Yield
null%
Monthly Income
£575 pcm
Potential Rent
£575 pcm
Length of Tenancy
4 months
Tenant Means of Funding
SELF_FUNDED
Area Capital Appreciation Rate
-
Ground Rent
Leasehold
Est. Insurance Costs
unknown
Factor Fees
118
Factor Name
unknown
Total Estimated Costs
118
Not available for this property
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Running Costs
Ground Rent
Leasehold
Est. Insurance Costs
unknown
Factor Fees
118
Factor Name
unknown
Total Estimated Costs
118