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4 bedroom terraced house for sale
Burnley Road, Accrington, Lancashire, BB5
£199,950
Burnley Road, Accrington, Lancashire, BB5
£199,950
Our Summary
- 27% * Modern Finish with Rear Extension & Large Communal Kitchen/Diner * Turnkey Opportunity - Ready for Letting * Property Will Be Sold Furnished ________________________________________ Property Overview This beautifully refurbished 4-bedroom HMO is ideally located in the popular town of Clayton-le-Moors, along the Burnley investment corridor
Description
This beautifully refurbished 4-bedroom HMO is a turnkey opportunity in the popular town of Clayton-le-Moors, with a strong rental demand area. The property features two ensuite bedrooms, a family bathroom, and a spacious communal kitchen/diner. The property is fully compliant with modern finishes, updated electrics, gas safety, and fire safety compliance. The projected gross yield is 12.27%, with a total annual rent of £24,540 and a purchase price of £199,950. The property will be sold furnished and ready for letting, with a strong rental income potential. The breakdown of the rental income shows a total monthly rent of £2,045, with a total annual rent of £24,540, and a net income of £18,405, resulting in a net yield of 9.2%.