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

£100,000- Terraced

Yield: 6.6%
1 of 13
Yield: 6.6%
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  • Rental Guide: £440 - £550
  • 3 Bedroom(s)
  • Description
  • Street View
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Key Features

  • Two Terraces
  • Large, Family Home
  • Three Double Bedrooms
  • Kitchen/diner
  • Double Garage
  • Hmo Potential
  • Close To Local Schools
  • Modernization Needed
  • Virtual Tour Available
  • Viewing Is A Must!
Last Updated: 9th April 2021

Description

Fantastic, stone-built end of terrace which originally was an old bottle shop/two terraces, now converted into one fabulous sized family home. Close to local schools, bus stops, and a short walk to the Burnley Town Centre. Some modernization is required to bring this home to its full potential.

As you approach the property, there are still two separate entrances which both lead into the living room and lounge one of which is fitted with a gas fire. To the rear, there is a large, kitchen/diner with matching walls, base, and drawer units with contrasting working surfaces also fitted with a gas fire. Adjacent to the kitchen is a utility room with access to the double garage to the rear which could possibly be converted into another living space.

On the first floor, there are three, substantial-sized bedrooms all of which are doubles, and the family bathroom is a three-piece suite in white comprising a low-level WC, pedestal hand wash basin, and a quadrant shower with a mixer tap. The bathroom is a generous size and could be split to create a fourth bedroom.

The property also benefits from double glazing throughout and a new boiler which is still under warranty.

Externally there is a privately enclosed rear yard that runs parallel to the double garage which can both be accessed via the back street. The property also presents itself to be converted to an HMO, flats with further investigation or split the title back to separate terraces.
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.
6.1

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 poor return.
3

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:
£3,000
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.
6

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