Property Details: • Type: Flat • Tenure: N/A • Floor Area: N/A
Key Features:
Location: • Nearest Station: N/A • Distance to Station: N/A
Agent Information: • Address: 1A Manchester Road, Burnley, Lancashire, BB11 1HQ
Full Description: An exceptional opportunity generating £16,900 PA (7.55% Gross Yield) is ideal for any existing landlord or someone trying to get into buy-to-let property business and should not be overlooked. This substantial traditional stone-built semi-detached property has been divided into three separate flats. Flat 1, a two-bedroom unit, currently generates a rental income of £475.00 per calendar month. Flat 2, also a two-bedroom unit, achieves the same rental amount, while Flat 3, a one-bedroom unit, brings in £465.00 per month. The total annual income from the property stands at £16,900, with an impressive occupancy rate of 96%. All working professional tenants. Each flat boasts remarkable open views of Burnley Town Centre and is conveniently located near excellent transport links, including the Manchester Road Train Station, which offers direct services to Manchester Victoria and Preston, as well as the X43 Bus route to Manchester. Additionally, there is potential to convert the basement into another flat, further enhancing the property's value.
