Belverdere Road, Burnley, BB10

£55,000
  • Ref: K00154
  • Type: House
  • Availability: For Sale
  • Bedrooms: 3
  • Bathrooms: 1
  • Reception Rooms: 2
  • Parking: On Road Parking
  • Outside Space: South Facing Garden
  • Tenure: Leasehold
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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;

  • 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.