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3 Bed Terraced House For Sale Newman Street, Burnley, BB10

£79,950- Terraced

Yield: 8.26%
1 of 9
Yield: 8.26%
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  • Rental Guide: £440 - £550
  • 3 Bedroom(s)
  • Description
  • Street View
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Key Features

  • End Terrace
  • Stone Built
  • Three Bedrooms
  • Two Reception Rooms
  • Fitted Kitchen
  • Close To Local Supermarkets
  • Tenant In Situ
  • Four-piece Bathroom Suite
  • Parks Nearby
  • Viewing Is A Must
Last Updated: 28th March 2021

Description

Fantastic opportunity to acquire this large, three-bed end-terrace within close proximity to local schools, bus stops, and parks, this is the ideal property for any first-time buyer, growing family, or investor.

Downstairs the property briefly comprises an entrance hall, a living room with a gas fire, uPVC double glazing and gas central heating, rear dining room leading to the kitchen which is fitted with matching wall, base, and drawer units with contrasting working surfaces.

On the first floor, there are three bedrooms, two singles and a double. The family bathroom is accessed through the rear bedroom and is a four-piece suite in white comprising a low-level WC, pedestal hand wash basin, paneled bath, and quadrant shower.

Externally there is an enclosed rear yard. There is a tenant in situ paying £400 PCM.

The property benefits from modern-day comforts such as uPVC double glazing and gas central heating.
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.
8.4

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 good regular return.
8

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:
£2,399
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.
8

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 “BB10” are mostly listed between £440 - £550. 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