£225,000
143b Manchester Road
- 1 bed
£225,000
- 1 bed
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Please see details on the property listed below for you to review - please not the property is split into 3 separate apartments, with 2 x 2 bedroom and 1 x 1 bedroom. Please note this property is 3 separate flats and not an HMO. Each tenant(s) of each flat pays all their own utility bills, council tax etc. All flats are B and A council tax.
One of the main benefits of this property is that it overlooks the Burnley Manchester Road rail line and is a 30 second walk which directly takes you to Manchester Victoria within 45-minutes and Blackburn within 17-minutes. Burnley town centre is within a 5-minute walk and a 1-minute drive.
If you would like to arrange a viewing, please reply to this email with your proof of funds, i.e. bank statement showing cash or a copy of mortgage in principle. On receipt I can arrange a viewing for you.
INVSTMENT INFORMATION
Full Address: Flats 1-3 143b Manchester Road, Burnley BB11 4HT
Asking Price: £225,000.00
Current Rental Income:
- Flat 1: £475.00pcm
- Flat 2 : £475.00pcm
- Flat 3: £450.00pcm
Overall Rental Income: £1,400.00pcm (£16,800.00 per annum)
Service Charge: N/A
Ground Rent: N/A
Gross Yield: 7.5%
Net Yield: 7.5%
Tenure: Freehold
Current Tenant Situation:
- Flat 1: Has been the same tenant since 2019
- Flat 2: Currently on a rolling contract
- Flat 3: Contract till 5th March 2025
Self-managed rental
Bathrooms: 1 per apartment
Bedrooms: (Flat 1 & 2, 2 beds) (Flat 3, 1 bed)
Ground floor flat has a large rear backyard with imitation grass.
Recent Works Done On The Property
- Flat 1: New Kitchen 2024
- Flat 2: New carpets, flooring, refurbished 2020
- Flat 3: New carpets & redecoration 2023, new bathroom 2020.
- Ground floor bay window roof, completely replaced with new timbers, felt and flashing 2024. Front of building fascia's, soffits top floor window surrounds replaced all timber and tiles 2024
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