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Investment opportunity for sale in Burnley

Nicholas Street, Burnley, Lancashire, BB11 2AQ
For sale
£600,000

COMMON USE CLASS: C3 Dwelling Houses

vesta-property
This property is marketed by:
Vesta Property

Please note that this property is for cash buyers only.

Property information

  • Recently refurbished property
  • Spread over 3 floors
  • Shared kitchen
  • Shared living room
  • The vendor pays all the bills
  • EPC rating E
  • Council tax band: Ground floor is A and first & second floor is B

Rental information

  • The property is fully let on a 6 months tenancy from April 2021
  • The tenant is on a rolling contract and not looking to extend for another fixed period
  • Monthly rental income £5,200
  • Annual rental income £62,400
  • The expected rental value for new tenants is £68,120 pa

Running costs

The vendor provided us with the following estimated running costs for this property:

  • Council tax: £267.25 pcm
  • Electricity: £250 pcm
  • Water: £ 83.33 pcm
  • Internet: £62.50 pcm
  • Total cost pcm: £663.08
  • Total cost pa: £7,957

Location information

  • The property is located just on the edge from the town centre
  • Shops and supermarkets are all within a short walking distance
  • Burnley Manchester Road railway station can be reached in less than 10-minute's walk
  • Burnley Central railway station is just over a 10-minute walk from the property

Note

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


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