Manchester Road, Burnley, Lancashire, BB11
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
5
- BATHROOMS
5
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- 3 Seperate Apartments Within The Same Building
- Tenants Pay Their Own Utility Bills
- Annual Rental Income Of £16,800.00
- Net Yield Of 7.5%
- 30 Second Walk From Train Station
- Good Long Term Tenants
Description
One of the main benefits of this property is that it overlooks the Burnley Manchester Road rail line and is a 30 second walk which directly takes you to Manchester Victoria within 45-minutes and Blackburn within 17-minutes. Burnley town centre is within a 5-minute walk and a 1-minute drive.
If you would like to arrange a viewing, please reply to this email with your proof of funds, i.e. bank statement showing cash or a copy of mortgage in principle. On receipt I can arrange a viewing for you.
INVSTMENT INFORMATION
Full Address: Flats 1-3 143b Manchester Road, Burnley BB11 4HT
Asking Price: £225,000.00
Current Rental Income:
- Flat 1: £475.00pcm
- Flat 2 : £475.00pcm
- Flat 3: £450.00pcm
Overall Rental Income: £1,400.00pcm (£16,800.00 per annum)
Service Charge: N/A
Ground Rent: N/A
Gross Yield: 7.5%
Net Yield: 7.5%
Tenure: Freehold
Current Tenant Situation:
- Flat 1: Has been the same tenant since 2019
- Flat 2: Currently on a rolling contract
- Flat 3: Contract till 5th March 2025
Self-managed rental
Bathrooms: 1 per apartment
Bedrooms: (Flat 1 & 2, 2 beds) (Flat 3, 1 bed)
Ground floor flat has a large rear backyard with imitation grass.
Recent Works Done On The Property
- Flat 1: New Kitchen 2024
- Flat 2: New carpets, flooring, refurbished 2020
- Flat 3: New carpets & redecoration 2023, new bathroom 2020.
- Ground floor bay window roof, completely replaced with new timbers, felt and flashing 2024. Front of building fascia's, soffits top floor window surrounds replaced all timber and tiles 2024
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Manchester Road, Burnley, Lancashire, BB11
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Burnley Manchester Road Station0.1 miles
- Burnley Barracks Station0.5 miles
- Burnley Central Station0.7 miles
Notes
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Visit our security centre to find out moreDisclaimer - Property reference Flat1-3-143b-Manchester-Road-Burnley-BB11. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pure, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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