Ford Street, Burnley, BB10

£42,500
  • Ref: K00155
  • Type: House
  • Availability: Sold STC
  • Bedrooms: 2
  • Bathrooms: 1
  • Reception Rooms: 1
  • Tenure: Leasehold
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Property Features

  • Excellent Buy To Let Investment
  • High Yield Single Let - 12% Gross
  • Close To All Amenities
  • Fully Refurbished Throughout

Property Summary

12% Gross Yielding Buy To Let Investment on Ford Street, Burnley - £42,500.

This is an opportunity to purchase a 2 bedroom mid-terraced house which is 90% refurbished (Price above as seen) - the vendor has refurbished the property on a "back to brick" basis with major elements of the house upgraded including;

  • Brand new roof front and rear

  • Full re-wire and electrical fittings throughout

  • New pipework internally and externally

  • Flooring

  • Full decoration

  • Modern Bathroom


And much more!

Jobs to finish the project quoted at £5,000.

  • Electrical fittings

  • Kitchen and units

  • Carpets and vinyl

  • Rear wall rendering

  • Pointing and painting of front of house


INVESTOR FIGURES

Outgoing

  • Purchase Price - £42,500

  • Completion of Refurbishment - £5,000

  • Total Outlay - £47,500


Incomes

  • £425 PCM single let rent/ £5,100 per annum

  • Gross Yield Pre Works - 12% based upon £42,500 asking price

  • Gross Yield Post Completion of Works - 1-.73% based upon £47,500 total


Kay and Sons Lettings will manage the property at £40 per month offering a hands off investment solution and have tenants ready to take occupation.

Get in touch today to book a viewing or secure the deal.

*£1000 + Vat buyer fee applies.