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3 Bed Semi-Detached House For Sale Lower Mead Drive, Burnley, BB12

£155,000- Semi-detached

Yield: 4.46%
1 of 15
Yield: 4.46%
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  • Rental Guide: £460 - £580
  • 3 Bedroom(s)
  • Description
  • Street View
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Key Features

  • Extended Three Bedroom Semi
  • Perfect For The Growing Family
  • Flexibily Living Space
  • Modern Kitchen & Utility Room
  • Conservatory Extension
  • Two Double Beds & One Single
  • 3 Piece Family Bathroom
  • Private Off Road Parking
  • Landscaped Rear Garden
  • Views Towards Pendle Hill.
Last Updated: 13th April 2021

Description

Perfect for the growing family this extended three bedroom semi-detached home is situated in this highly sought after residential area located off Barden Lane. Lower Mead Drive is positioned on the fringe of open countryside complete with fabulous views towards the iconic local landmark of 'Pendle Hill.

The accommodation is arranged over two floors which comprises on the ground floor of an entrance porch which provides access to the entrance hallway complete with useful understairs storage and a straight flight staircase ascending to the first floor.

The family lounge is generous in size and positioned to the front of the property with a feature bay window which infuses the room with an abundance of natural light the feature fireplace provides an attractive focal point, double doors access to a second reception room which offers flexibility as a formal dining room, play room or study. Sliding patio doors connect to the conservatory extension.

The kitchen houses a range of matching wall base and drawer units with 'American Cherry' front and contrasting black working surfaces with tiled splash backs and an integrated fan assisted electric oven, 4 ring gas hob with an illuminated extractor over. The extended utility room houses the washing machine and dryer has a matching range of wall and base units perfect for today's modern and busy family.

On the first there are three bedrooms consisting of two doubles and a third single bedroom the master bedroom is positioned to the front of the property to take full advantage of the fabulous long distance views . The family bathroom houses a three piece suite in white consisting of a low level WC, pedestal hand wash basin and a panelled bath with shower over complete with tiled splash backs.

Externally there is a lawn garden to the front together with a private driveway providing valuable off road parking. To the rear is a landscaped and tired rear garden consisting of various patios and decked areas.
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.
4.0

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:
£4,650
The governments recent policies including, not to add additional tax to this property price band, will be positive for future price growth.
9.8

Comparison with other investment alternatives

Investing in this property will give you a slightly better regular return, when compared to other conservative investments.
4

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 “BB12” are mostly listed between £460 - £580. 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