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£247,000

264 Moor Road

  • 6 beds
Other

£247,000

  • 6 beds
Other
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Estimate monthly mortgage payment:

£1,128 per month

Minimum deposit amount:

£12,350
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Pure Investor are pleased to present this amazing opportunity. A fully converted 6-bedroom end terrace property in Chorley, which offers investors an instant income for either a 5-year or 10-year period with a local respected housing association. The property includes 6 bedrooms spanning over two floors, 1 full bathroom, 1 w/c with toilet and basin and a shower cubicle in one of the bedrooms , downstairs is an open plan living/dining/kitchen space with a newly installed kitchen. Access to the property is available to the front and side of the property.

INVESTMENT INFORMATION

  • Address: 264 Moor Road, Chorley, PR7 2NG
  • Asking price: £247,000
  • HMO property investment opportunity. Rental agreements with local housing associations who are ready to take full tenancy for either 5-year or 10-year contracts.
  • Tenancies will generate £28,860 net rental income per year (11.7% net yield return)
  • Number of bedrooms: 6
  • Number of bathrooms: 1 full bathroom, 1 w/c with toilet and basin and a shower cubicle in one of the bedrooms.
  • The property has been developed and designed to be compliant with local HMO regulations. Key to the appeal will be the opportunity for a pre-agreed tenancy with an established local housing association, which would deliver a net annual rental income of £28,860.00 to the new owner.
  • Tenure: Freehold

Your estimated purchase costs

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Stamp Duty tax
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£0
Mortgage and legal costs:
£999
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