Go back

2 Bed Terraced House For Sale Basnett Street, Burnley, BB10

£75,000- Terraced

Yield: 7.2%
1 of 9
Yield: 7.2%
Save
  • Rental Guide: £415 - £450
  • 2 Bedroom(s)
  • Description
  • Street View
  • Maps

Key Features

  • 50% Off First Months Rent
  • Recently Undergone Some Cosmetic Refurbishments
  • Lounge With Gas Fire
  • Brand New Fitted Kitchen
  • Electric Oven And Hob
  • Two Good Sized Double Bedrooms
  • Master Bedroom Includes Fitted Wardobes
  • Three Piece Family Bathroom Suite In White With Shower Over
  • Gas Central Heating And Double Glazing
  • Unfortunately, No Housing Benefit Claimants Can Be Considered For This Property Due To A Restriction In The Landlord's Mortgage Term/insurance.
Last Updated: 8th April 2021

Description

*ATTENTION INVESTORS! TENANT IN SITU!*

PettyReal is pleased to offer this mid-two bedroom terrace property which has recently undergone some cosmetic refurbishments including a new kitchen.

The accommodation comprises a vestibule, lounge with gas fire, living room with gas fire and fire surround, brand new fitted kitchen with high gloss cream units, light oak work surfaces, and electric oven and hob.

To the first floor are two good-sized double bedrooms, the master having fitted wardrobes and a three-piece family bathroom suite in white with shower over.

The property is further complemented by the modern-day comforts of gas central heating and double glazing and is conveniently located for the local amenities of Burnley town centre and the local general hospital, schools, and all bus routes.
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.
6.7

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 an average regular return.
5

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:
£2,250
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

These figures are for illustration purposes, please adjust for greater accuracy.
Yield
£
£
£

%
%
Purchase Price
£
Mortgage
Interest Only / Repayment
%
£
%

£

Mortgage Finder

Show me the cheapest mortgage for this property matched to my personal circumstances and risk appetite.
No minimum income required

Similar Properties

A few properties that are similar to this 2 bedroom property. See more properties like this.

Property Image
8.8
£60,000
Terraced
Yield: 8.3%
ROCI: 26%
Property Image
8.4
£79,950
Terraced
Yield: 8.26%
ROCI: 26%
Property Image
8.4
£65,000
Terraced
Yield: 8.31%
ROCI: 26%
See More Properties
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 proximity are mostly listed £415 - £450 – 3 recently listed properties were found in that band. However, the highest were £475, £450, £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