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5 Bed House For Sale Reedley Drive, Burnley, BB10

£650,000

Yield: 2.71%
1 of 3
Yield: 2.71%
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  • Rental Guide: £1,170 - £1,470
  • 5 Bedroom(s)
  • Description
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Last Updated: 7th January 2021

Description

FANTASTIC DEVELOPMENT OPPORTUNITY FOR FOUR DWELLINGS!

Here we have a one off opportunity to purchase a fantastic piece of land on Reedley Drive with full planning permission granted to build four five bedroom detached properties. The plans include the demolition of the currently property on site and then the build of four detached homes all coming with a detached garage. The properties to be built are set over three stories with five double bedrooms two of which come with en-suites and a study to the second floor. Downstairs there is the perfect open plan family room, with kitchen diner lounge all in one and a separate lounge. Each individual plot is sat on a very spacious piece of land ranging from 428 -668 meters squared. Reedley drive is one of the most prestigious locations in the Burnley and Pendle district and an opportunity like this is really not one to be missed.

The land is located close to Burnley general hospital, a wide selection of local schools, all local amenities and have good commuter and network links.

Estimated end value prices can be provided upon request.

All drawings and plans available upon request.

Planning application number - 16/0696/FUL

For further information or to arrange a viewing please contact our Burnley office at your earliest convenience.
Agent Details
Keenans Estate Agents
21, Manchester Road, Burnley, BB11 1HG
Show Contact Number
01282 469 023
**This report is currently a Beta Test Version. Do not rely on the information provided below.

Forecast Score

Based on data and factors which historcally influence property prices this property has an overall score as:

Data Classified:
This property has been partially classified.
2.3

Forecast Report

Our predictive algorithms and data analysts; scan, compare and rank properties by future gains and current returns; helping you pick the perfect investment at a glance.

The following influencers contribute to our score:
  • Historical Data
  • Interest Rates
  • Mortgage Availability
  • Fiscal Policy
  • Recent Sold Prices
  • Housing Demand
  • Benchmarking Performance Against Other Asset Classes

Comparison with local sold prices

There is not enough data available
0

Profitability

Good rental demand in this area.
Compared to other property investments this gives a very poor return.
0

Interest Rates

Bank of England Base Rate:
0.1%
Current all-time record low interest rates are making monthly mortgage payments more affordable so more people will buy houses, which will lead to house prices increasing.
10

Mortgage Availability

Current moderate appetite for banks to lend mortgages, will lead to steady house price growth.
5

Fiscal Policy

First Home Stamp Duty:
£7,500
Buy To Let or Second Home:
£27,000
The governments recent policies, including moderate tax rates on this property price band will have a moderate impact on future price growth for this property band
6.2

Comparison with other investment alternatives

Investing in this property will give you a slightly better regular return, when compared to other conservative investments.
3

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

Calculators

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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

One&Only Pro are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Rental Data
Sorry, there are few recent rental listings in proximity to this property.

5 Bedroom properties in “BB10” are mostly listed between £1,170 - £1,470 based on the 1 recent listing found.

These figures should only be used as a guide, always get a rental assessment from a professional.
This is the potential achievable yield.
Potential Return-on-Cash Invested