8 bedroom terraced house for sale

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8 bedroom terraced house for sale

Burnley Road, Accrington, Lancashire, BB5
£400,000

Our Summary

  • 27% * Modern Finish with Rear Extension & Large Communal Kitchen/Diner For Both Properties * Turnkey Opportunity - Ready for Letting * Both Properties Will Be Sold Furnished Properties Overview Two beautifully refurbished 4-bedroom HMOs ideally located in the popular town of Clayton-le-Moors, along the Burnley investment corridor

Description

This investment opportunity presents two fully compliant 4-bedroom HMOs, located in the popular town of Clayton-le-Moors, with a strong rental demand area. Each property features two ensuite bedrooms, a family bathroom, and a modern kitchen-diner with a rear extension. The properties are ready for letting, fully furnished, and come with a projected gross yield of 12.27%. The rent for each property is calculated as follows: Ground Floor (Ensuite) - £525pcm, First Floor (Ensuite) - £550pcm, First Floor (Shared Bath) - £475pcm, and Second Floor (Shared Bath) - £495pcm. The total annual rent for both properties is £49,080, with a purchase price of £400,000. The expected outgoing costs are £6,135 per annum, resulting in a net income of £36,810 and a net yield of 9.2%. This is a turnkey opportunity for investors looking to generate a strong return on investment.