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3 Bed End Of Terrace House For Sale Cog Street, Burnley, BB11

£115,000- End Of Terrace

Yield: 5.59%
1 of 15
Yield: 5.59%
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  • Rental Guide: £425 - £540
  • 3 Bedroom(s)
  • Description
  • Street View
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Key Features

  • Semi-detached
  • Downstairs Wc
  • Walk-in Wardrobe
  • Large, Kitchen Diner
  • Upvc Double Glazing
  • En-suite
  • Double Bedrooms
  • Close To Transport Links
  • Rear Garden
  • Viewing Is A Must!
Last Updated: 28th March 2021

Description

Stunning, recently built, three-bed semi-detached in a highly sought-after area of Burnley. Close to transport links, local schools, and local amenities. Ideal for first-time buyers or a growing family who are wanting to take advantage of the recent 5% deposit mortgages and get a foothold on the property ladder.

Entering the property into the entrance hallway, you find the staircase to the first floor and access into the bright, fitted kitchen with matching wall, base, and drawer units with contrasting working surfaces and a range of appliances such as an electric oven and hob with a stainless steel extractor. To the rear, there is a living room that has access to the rear garden and patio area. Adjacent to the living room there is a downstairs WC and hand wash basin and understairs storage.

On the first floor, there are three bedrooms, which the third has been converted into a walk-in wardrobe with plenty of storage space. The two other bedrooms are doubles, and generous in size with the main bedroom benefitting from a modern, three-piece suite in white comprising low-level WC, hand wash basin, and quadrant shower with a mixer shower.

Externally there are two parking spaces to the side of the property and a rear garden and patio area with an outside shed.

The property has still got 7 years left on the NHBC warranty left and benefits from modern-day comforts such as gas central heating and uPVC double glazing.
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.
5.1

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:
£3,450
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.
5

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
3 Bedroom properties in “BB11” are mostly listed between £425 - £540. 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