5 bedroom flat for sale

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5 bedroom flat for sale

Manchester Road, Burnley, BB11
£150,000

Our Summary

  • MODERN AUCTION SALE
  • Additionally, there is potential to convert the basement into another flat, further enhancing the property's value
  • This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (from the "Reservation Period")

Description

This exceptional property is a modern auction sale opportunity generating a substantial annual income of £16,900 (approximately 11% gross yield). The traditional stone-built semi-detached property has been divided into three separate flats, each with its own unique features and rental income. Flat 1 and 2 are two-bedroom units, each generating £475 per month, while Flat 3 is a one-bedroom unit earning £465 per month. With an impressive occupancy rate of 96% and all working professional tenants, this property is an ideal investment opportunity for any existing landlord or someone looking to enter the buy-to-let market. The property's location is convenient, with excellent transport links and stunning views of Burnley Town Centre. Additionally, there is potential to convert the basement into another flat, further increasing the property's value. The sale is being conducted through the Modern Method of Auction, with a completion deadline of 56 days from the reservation period.
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