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2 Bed Terraced House For Sale Tay Street, Burnley, BB11

£70,000- Terraced

Yield: 7.07%
1 of 11
Yield: 7.07%
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  • Rental Guide: £370 - £415
  • 2 Bedroom(s)
  • Description
  • Street View
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Key Features

  • Stone-built Mid Terrace
  • Elevated Position
  • Two Double Bedrooms
  • Four-piece Bathroom Suite
  • Two Reception Rooms
  • High Standard Throughout
  • Close To Local Amenities
  • No Chain
  • Useful Storage
  • Viewing Is A Must!
Last Updated: 18th March 2021

Description

NO CHAIN!

Beautiful, elevated mid-terrace in a sought-after area of Burnley. Across from the local nursery, walking distance to local amenities, bus stops, and train stations makes this the ideal property for investors or first-time buyers.

The property is in an elevated position with a garden forecourt. Entering the property, you're welcomed into the entrance vestibule leading to the front living room and the rear dining room which is a grand size and looking into the enclosed rear yard.

The rear galley kitchen is in a horseshoe arrangement with matching wall, base, and drawer units with contrasting working surfaces.

On the first floor, there are two double bedrooms, one of which has fitted wardrobes providing more space. The family bathroom is in a central position and in an elevated position which provides useful storage underneath which can be accessed from the second bedroom. The bathroom comprises Low-Level WC, pedestal hand wash basin, paneled bath, and a quadrant mixer shower.

Externally there is an elevated garden forecourt to the front and a private, enclosed rear yard.

The property has been finished to a high standard and benefits from central heating throughout so viewing is imperative.

Front Reception Room - 3.7 x 3.1 (12'1" x 10'2") - Carpet, white woodwork, radiator and uPVC double glazed window.

Rear Reception Room - 4.1 x 4.1 (13'5" x 13'5") - Laminate flooring, white woodwork, radiator and uPVC double glazed window.

Kitchen - 3 x 2.2 (9'10" x 7'2") - Modern fully fitted kitchen, solid wood worktop, tiled splash, integrated stainless steel sink with Monobloc tap. Fitted shelving. uPVC double glazed window and rear door.

Bedroom One - 4.1 x 3.7 (13'5" x 12'1") - Carpet, white woodwork, original fireplace, radiator and uPVC double glazed window.

Bathroom - 2.4 x 2.4 (7'10" x 7'10") - Laminate flooring. Four piece white family bathroom suite including low-level WC, pedestal wash basin, panel bath and separate direct-feed shower unit.

Bedroom Two - 3.5 x 4.1 (11'5" x 13'5") - Carpet, white woodwork, radiator, uPVC double glazed window and storage cupboard.
Agent Details
Petty Estate Agents Ltd
32, Manchester Road, Burnley, BB11 1HH
Show Contact Number
01282 415 111
**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.
6.6

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

Very good rental demand in this area.
Compared to other property investments this gives a poor return.
4

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:
£2,100
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 higher regular return, when compared to other conservative investments.
7

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
2 bedroom properties in close proximity are mostly listed £370 - £413 – 9 recently listed properties were found in that band. However, the highest were £475, £475, £450.

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