Belverdere Road, Burnley, BB10
£55,000
Property Features
- Great Buy To Let / HMO Investment
- Highly Sought After Location For Rental Demand
- Close To All Amenities and Schools
- Adjacent To Burnley Cricket and Burnley FC Stadiums
- Garden Fronted
- Potential To Convert To 4 Bedrooms/ 2 Flats
Property Summary
Superb BRRR Investment - This is an opportunity to suit a buy to let investor looking for a below market value large 3 bedroom terrace home to either refurbish for high yielding single let or for a conversion to a 4 bedroom HMO.
The property is located on the lower part of Belverdere Road close to a number of major amenities in the town including two high schools, the town centre, supermarkets, shops, medical facilities and Burnley FC/ Burnley Cricket Club which sit adjacent to the home.
Internally the house briefly comprises of 2 x lounge reception rooms on the ground floor, a fitted kitchen and hallway leading to the staircase to the 1st floor. The first floor plays host to 3 bedrooms and a large family bathroom which can ideally be made into a double bedroom and the bathroom re-located to the smallest of the 3 bedrooms to maximise rental yield.
Externally there is garden front and to the rear is a private, enclosed court yard.
Investor Figures;
HMO Rental Yield - 4 x bedrooms @ £120 per week = £24,960 per annum/ £2,080.00 PCM/ 49.91 % gross (ex refurb) / 29.36% (inc refurb)
* Sourcing Fee of £1,000 + Vat applies to the buyer.
The property is located on the lower part of Belverdere Road close to a number of major amenities in the town including two high schools, the town centre, supermarkets, shops, medical facilities and Burnley FC/ Burnley Cricket Club which sit adjacent to the home.
Internally the house briefly comprises of 2 x lounge reception rooms on the ground floor, a fitted kitchen and hallway leading to the staircase to the 1st floor. The first floor plays host to 3 bedrooms and a large family bathroom which can ideally be made into a double bedroom and the bathroom re-located to the smallest of the 3 bedrooms to maximise rental yield.
Externally there is garden front and to the rear is a private, enclosed court yard.
Investor Figures;
- Market Price - £55,000
- Refurbishment to HMO - £35,000
HMO Rental Yield - 4 x bedrooms @ £120 per week = £24,960 per annum/ £2,080.00 PCM/ 49.91 % gross (ex refurb) / 29.36% (inc refurb)
* Sourcing Fee of £1,000 + Vat applies to the buyer.