Nairne Street, Burnley, BB11

  • Ref: K00129
  • Type: House
  • Availability: Sold STC
  • Bedrooms: 2
  • Bathrooms: 1
  • Reception Rooms: 2
  • Parking: On Road Parking
  • Tenure: Leasehold
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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;

  • 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)