Nairne Street, Burnley, BB11
£45,000
Property Features
- Great Buy To Let / HMO Investment
- Ideal For First Time Buyers
- Below Market Value Price
- Highly Sought After Location For Rental Demand
- Close To All Amenities and Schools
Property Summary
A perfect Buy to Let Investment/ HMO Conversion or first time buyer opportunity - A 2 bedroom mid terraced house located at the top of Nairne Street in the Coal Clough area of Burnley.
Internally the property briefly comprises of 2 spacious lounge/ reception rooms, a fitted kitchen, 2 double bedrooms, large 3 piece family bathroom and externally there is a enclosed yard to the rear of the house.
Investor Figures
Single Let - For investors looking to purchase as a single let opportuniyt you can expect to generate a monthly rental of £425 per calendar month in this location offering an annual yield of £5,100 / 11.33% based upon the asking price of £45,000.
HMO - Demand for room rental is huge in the area. We would recommend converting to 3 rooms which will deliver the following;
There are a number of nurseries, schools, shops, medical facilities and excellent transport links within a couple of minutes walk of the property.
The property has been in the same family for many years and is a reluctant sale purely for health reasons. There is a need for modernisation which is reflected in the below market value price.
A must view at a price of just £45,000.
A buyers fee of £1,000 + Vat is applicable.
Internally the property briefly comprises of 2 spacious lounge/ reception rooms, a fitted kitchen, 2 double bedrooms, large 3 piece family bathroom and externally there is a enclosed yard to the rear of the house.
Investor Figures
Single Let - For investors looking to purchase as a single let opportuniyt you can expect to generate a monthly rental of £425 per calendar month in this location offering an annual yield of £5,100 / 11.33% based upon the asking price of £45,000.
HMO - Demand for room rental is huge in the area. We would recommend converting to 3 rooms which will deliver the following;
- 3 x £95 per week = £285 / £1,235 PCM gross yield
- £14,820 per annum
There are a number of nurseries, schools, shops, medical facilities and excellent transport links within a couple of minutes walk of the property.
The property has been in the same family for many years and is a reluctant sale purely for health reasons. There is a need for modernisation which is reflected in the below market value price.
A must view at a price of just £45,000.
A buyers fee of £1,000 + Vat is applicable.
Full Details
Lounge/ Reception Room - Front (3.20 x 3.15)
Rear Lounge (4.85 x 4.32)
Kitchen (2.89 x 2.91)
Bedroom One (4.32 x 3.18)
Bedroom Two (4.85 x 2.10)
Bathroom (3.18 x 1.75)