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3 Bed Bungalow House For Sale Meadow Close, Burnley, BB10

£220,000- Bungalow

Yield: 3%
1 of 15
Yield: 3%
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  • Rental Guide: £440 - £550
  • 3 Bedroom(s)
  • Description
  • Street View
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Key Features

  • Detached Bungalow
  • Three Bedrooms
  • Lovely Sized Lounge
  • Single Garage
  • Utility Room
  • Fitted Kitchen
  • Stunning Garden
  • Potential To Extend
  • Conservatory
  • Viewing Is A Must!
Last Updated: 13th April 2021

Description

FANTASTIC OPPORTUNITY! Three-bed detached bungalow in a highly sought-after area of Reedley. Perfect for downsizers, families looking to extend, or keen gardeners. Close to bus stops, local parks, and beautiful walks. May benefit from some modernisation works which provides any buyers with the benefit of adding their own *stamp* to the property.

The property is set back from the road which provides off-road parking with a single garage and also a front garden. Entering the property into the hallway you can access the lounge to the right which overlooks the front garden and benefits from a gas fire. Adjacent to the lounge is a utility room and access to the garage.

The kitchen is fitted with a range of wall, base, and drawer units with contrasting working surfaces with a range of appliances such as a gas hob and electric oven. From the kitchen, you can access the conservatory which overlooks the extensive sized garden to the rear and patio area.

There are two double bedrooms one of which has fitted wardrobes creating more space and these bedrooms have views over the rear garden. The third bedroom is a generous size and takes the natural light from the conservatory. The family bathroom is a three-piece suite in white comprising a low-level WC, cabinet hand wash basin, and a quadrant shower. There is also a second WC which is separate from the bathroom.

The property benefits from full central heating and double glazing.

The rear garden is a rare find with the potential to extend out or to create an annex at the bottom of the garden. There is a range of bedding plants, laid to lawn, and patio area.
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.
2.6

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:
£6,600
The governments recent policies including, not to add additional tax to this property price band, will be positive for future price growth.
9.3

Comparison with other investment alternatives

Investing in this property will give you a slightly better regular return, when compared to other conservative investments.
3

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