Bury Road, Rossendale BB4

Property Details: - Type: Terraced house - Bedrooms: 5 - Bathrooms: 2

Agent: Town & Country Property Auctions - Manchester Phone: 0161 937 2216

<b>Guide Price £180,000 * Plus 2% Buyers Premium plus VAT<br/>For sale by unconditional online auction.<br/><br/></b><br/><br/>An excellent freehold investment opportunity comprising two self-contained maisonettes within a single building. The property consists of a spacious three-bedroom maisonette and a well-proportioned two-bedroom maisonette, offering an attractive prospect for investors seeking immediate rental income, portfolio expansion, or future value enhancement.<br/><br/>Both properties provide generous living accommodation arranged over multiple floors, benefiting from independent access and versatile layouts suited to a range of occupier requirements. The three-bedroom maisonette offers substantial family accommodation, whilst the two-bedroom maisonette provides comfortable and desirable living space for couples, small families, or professional tenants.<br/><br/>The property is considered capable of generating a combined rental income of approximately £2,000 per calendar month (£24,000 per annum), based on an estimated rental value of £1,000 PCM per unit. Based on the proposed guide price of £180,000, this reflects an attractive gross yield of approximately 13.3% per annum, making this an appealing addition to any investment portfolio.<br/><br/>Situated within a convenient and established residential location, the property enjoys excellent access to local amenities, transport links, schools, and employment centres, supporting strong ongoing rental demand.<br/><br/>Whether retained as a long-term income-producing asset or explored for future asset management opportunities, this freehold block presents a rare chance to acquire two residential dwellings under a single freehold title.<br/><br/>Tenure<br/>freehold<br/><br/><b>UNCONDITIONAL</b> - Contracts are exchanged on the fall of the hammer and a 10% deposit will be taken from the highest bidder. This deposit will contribute towards the purchase price. <br/><br/><b>Pre Auction Offers Are Considered</b><br/>The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.<br/><br/><b>Special Conditions</b><br/>Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the LEGAL DOCUMENTS'. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.