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2 Bed Terraced House For Sale Ribble Avenue, Burnley, BB10

£109,950- Terraced

Yield: 4.62%
1 of 10
Yield: 4.62%
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  • Rental Guide: £335 - £425
  • 2 Bedroom(s)
  • Description
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Last Updated: 15th January 2021

Description

A great opportunity to acquire this two bedroomed dwelling which is situated in a popular area of town. With local amenities close by and the M65 motorway just a short drive away giving easy access to Colne, Preston, Manchester and beyond. Briefly comprising of: an entrance hallway with a staircase leading to the first floor / landing, comfortable sized living room, fitted breakfast kitchen with an open plan utility room and access to the ground floor w.c. On the first floor you will find two double bedrooms and a three piece bathroom suite. Externally to the front is a tarmac driveway with parking for two cars. To the rear is an enclosed garden which is perfect for use during the summer months. With the modern day comforts of uPVC double glazing and gas fired central heating throughout. A perfect property for first time buyers. Council Tax Band 'B'. Leasehold. Early viewings are advised.

Main Description - A great opportunity to acquire this two bedroomed dwelling which is situated in a popular area of town. With local amenities close by and the M65 motorway just a short drive away giving easy access to Colne, Preston, Manchester and beyond. Briefly comprising of: an entrance hallway with a staircase leading to the first floor / landing, comfortable sized living room, fitted breakfast kitchen with an open plan utility room and access to the ground floor w.c. On the first floor you will find two double bedrooms and a three piece bathroom suite. Externally to the front is a tarmac driveway with parking for two cars. To the rear is an enclosed garden which is perfect for use during the summer months. With the modern day comforts of uPVC double glazing and gas fired central heating throughout. A perfect property for first time buyers. Council Tax Band 'B'. Leasehold. Early viewings are advised.

Ground Floor - With a composite front door leading into:

Entrance Hallway - With cloaks and a staircase leading to the first floor / landing.

Living Room - 4.380m x 3.498m (14'4" x 11'5") - A comfortable sized room with a large uPVC double glazed window to the front elevation, smoke detector, television point, 1x radiator and access through to the breakfast kitchen.

Breakfast Kitchen - 3.198m x 2.555m (10'5" x 8'4" ) - Offering a range of fitted wall and base units, contrasting work surfaces over, 1x composite door leading out to the rear garden, a uPVC double glazed window to the rear elevation, plumbing for a dishwasher, space for a free standing fridge / freezer, inset sink with a chrome mixer tap, tiled splash backs, electric oven, 4-ring gas hob, air extraction hood over, 1x radiator and space for a table and chairs. Open plan access through to the utility room.

Utility Room - 1.530m x 1.300 (5'0" x 4'3") - With plumbing for a washing machine, wall and base units, contrasting top, 1x radiator and tiled splash backs.

Ground Floor W.C - A 2-piece suite comprising of: a push button w.c, pedestal sink with a chrome mixer tap and 1x radiator.

First Floor / Landing - With a smoke detector.

Bedroom One - 4.598m x 2.980m (15'1" x 9'9") - A room of double proportions with 2x uPVC double glazed windows to the front elevation, 1x radiator, television point, ample space for a wardrobe and drawers and an inbuilt airing cupboard.

Bedroom Two - 3.980m x 2.356m (13'0" x 7'8") - Another room of double proportions with 1x radiator, space for a wardrobe and drawers, access to the loft hatch and a uPVC double glazed window to the rear elevation.

Bathroom - A 3-piece bathroom suite comprising of: a push button w.c, pedestal sink with a chrome mixer tap, panelled bath with a chrome mixer tap, over head shower attachment, partially tiled walls, 1x radiator and a uPVC double glazed frosted glass window to the rear elevation.

Externally - Externally to the front is a tarmac driveway with parking for two cars. To the rear is an enclosed garden with a decked seating area leading down to a lawned area, ample space for a storage shed, outside water supply and outside lighting.Perfect for use during the summer months.

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Externally to the front is a tarmac driveway with parking for two cars. To the rear is an enclosed garden with a decked seating area leading down to a lawned area, ample space for a storage shed, outside water supply and outside lighting.Perfect for use during the summer months.
Agent Details
Hilton & Horsfall Estate Agents
75 Gisburn Road, Barrowford, BB9 6DX
**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.
4.2

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:
£0
Buy To Let or Second Home:
£3,299
The governments recent policies including, not to add additional tax to this property price band, will be positive for future price growth.
10

Comparison with other investment alternatives

Investing in this property will give you a slightly better regular return, when compared to other conservative investments.
4

Investment Analysis

Annual Rent:
Annual Mortgage Interest:
Annual Costs:

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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.

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Rental Data
2 Bedroom properties in “BB10” are mostly listed between £335 - £425. There is limited data on listings in proximity to this property.

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