Property Details: • Type: Apartment • Tenure: N/A • Floor Area: N/A
Key Features: • Tenanted Investment Opportunity • Ground Floor Apartment • Two Bedrooms • One Bathroom • Long Lease, Low Ground Rent and No Service Charge • South Facing Rear Garden • Popular Residential Location • Off Road Parking To The Side • Enquire For Video Tour • Reliable Long Term Tenant
Location: • Nearest Station: Rose Grove Station • Distance to Station: 0.7879035547293716 miles
Agent Information: • Address: Suite 2A Osprey House at The Nest, Broadway, Manchester, M50 2UE.
Full Description: A ground floor two bedroom flat offering an excellent investment opportunity, comprising two bedrooms, one bathroom and well proportioned living accommodation. The property forms part of a small block of four and benefits from a south facing rear garden, small front garden, private driveway to the side and communal parking to the front. The property is currently tenanted and has been occupied for approximately eight years, providing an established rental history and making this an attractive opportunity for an investor seeking an income producing property. <br /> <br />Castlerigg Drive is situated within the wider Burnley area, with good access to local amenities, schools, transport links and surrounding towns. Burnley has an established private rental market and remains an area of interest to property investors due to its comparatively affordable property prices and demand for rental accommodation. <br /> <br />Burnley continues to benefit from ongoing regeneration and investment across housing, infrastructure, employment and the town centre. The borough has identified a continued need for new and improved housing, alongside wider plans to support economic growth and regeneration. This ongoing investment, combined with Burnley's established rental market and accessible property values, makes the area an attractive location for investors looking for rental income and longer term capital growth potential. <br /> <br />Please note, lettings and management charges may apply.<br /><br />Financial Breakdown<br /><br />Gross Rent: £7,680.00<br />Net income: £7,655.00<br />Gross yield: 6.68%<br />Net yield: 6.66%<br />Please contact agent for full financial breakdown.<br /><br />IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.<br /><br />yieldit ref: YL-08614
