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Investment Opportunity, Block of 4... 7 bed terraced house for sale
Blackburn Road, Darwen BB3
£245,000
Blackburn Road, Darwen BB3
£245,000
Our Summary
- 'high yielding' investment opportunity*** block of flats (with 3 bedsits) created from 2 mid terraced properties*** all currently tenanted*** currently producing A gross rental income of £24,600 pa (10%)*** (with some slight modification we can get this to 12%) ***property in good condition*** serious buyers only
- Ainsworth Lord Estates are delighted to be the Sole Selling agents on this 'High Yielding' Investment Opportunity in Darwen Lancashire
- This flat is currently rented out for £450 pcm however their is scope to increase this to the current market value
- There is scope to significantly increase the income on these units after some minor modification
- Great Investment Opportunity
- Potential to Increase Rental Income Significantly
Description
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Here is a summary of the property description in a single paragraph:
Ainsworth Lord Estates is offering a high-yielding investment opportunity in Darwen, Lancashire, comprising a block of four spacious flats created from three traditional, stone-built, terraced properties. The flats are currently tenanted, producing a gross rental income of £24,600 per annum, equivalent to a 10% yield. With some minor modifications, the income can be increased to £28,860 per annum, yielding 12%. The flats are in good condition, and the property has a strong track record of renting well due to its location, condition, correct pricing, and effective marketing. Serious buyers are invited to express interest, and the agent is open to discussing further details, including the possibility of modifying the property to increase its income.