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3 Bed Apartment House For Sale Padiham Road, Burnley, BB12

£99,950- Apartment

Yield: 6.92%
1 of 15
Yield: 6.92%
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  • Rental Guide: £460 - £580
  • 3 Bedroom(s)
  • Description
  • Street View
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Key Features

  • no Chain Delay
  • Charming Dwelling
  • Three Bedrooms
  • Spacious Lounge
  • Generous Sized Bathroom
  • Project Property
  • Spacious Living Over Two Floors
  • Close To Local Amenities
  • Situated In A Well Regarded Area
  • Excellent Access To Transport Networks
Last Updated: 11th April 2021

Description

*PROJECT PROPERTY* Property Shop is delighted to bring to the sales market a rare opportunity to own and renovate a spacious two to three bedroom apartment situated in the highly sought after area of Ightenhill.

This quirky first floor maisonette briefly comprises; staircase leading to a side porch which gives access to the spacious lounge, a bright kitchen is off to the side of the lounge, a good sized hallway provides access to the second floor staircase, a spacious bedroom, washroom, WC, and two piece bathroom. On the second floor there are generous sized rooms with the potential for creating two bedrooms. Externally, upon entering the garden, the path on the right hand side takes you around the neighbour's garden to the side of the property, where stairs to the maisonette live. A mature planted garden with trees runs from the front to the rear of the property. Please see the photos. (The neighbour's land is highlighted in red)

This property is full of character and potential. Call our sales team today to book a viewing.
Agent Details
Property Shop Lettings
11, Blackburn Road, Accrington, BB5 1HF
Show Contact Number
01254 350 122
**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.
6.4

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 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:
£2,999
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

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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