Watery Lane, Darwen, Lancashire, BB3
- PROPERTY TYPE
End of Terrace
- BEDROOMS
8
- BATHROOMS
2
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- 2 HUGE 4 BED FLATS
- APPROX 12% GROSS YIELD
- BOTH FLATS RENTED AT £800PCM = £1600PCM = £19,200 PA
- SERIOUS BUYERS ONLY - IF INTERESTED WE WILL EXPECT YOU TO SHOW COMMITMENT
- RUNNING INVESTMENT OPPORTUNITY
- SUPERB LOCATION, WATERY LANE, SPRINGVALE, DARWEN
- CHECK OUT ALL THE PICTURES AND PLANS AND FOR AN INTERNAL VIEWING USE THE VIRTUAL TOUR
- IDEAL FOR LANDLORDS
- NO CHAIN
- VIEWINGS ARRANGED BY APPOINTMENT WITH PROPERTY SHOP
Description
Property Shop are delighted to offer for sale 2 large flats located on Watery Lane, Springvale, Darwen.
Situated in a desirable location, this property offers the potential to generate income from day one as the flats are tenanted, with each tenant paying £800 pcm.
This means the property is currently producing £1600 pcm (£19,200 PA) which is a yield of approx 12% (with scope to increase).
Buyers Should Take Note:
At the time of listing (June 25) the LHA Rate for a 4 bed property is currently £182.96 p/wk (£792.83pcm)
with the rate for a 5 bed property not being published.
Ground Floor Fat
A great size 4 bedroom apartment with Lounge, Kitchen, Rear Yard, 4 Bedrooms & Bathroom.
First Floor Flat
Yet again another huge 4 bedroom apartment with Lounge, Kitchen & Bathroom . 4 Bedrooms however the utility room could be used to make this a 5 Bed apartment.
Both properties are being sold together there is no option for the properties to be bought separately.
Disclaimer
Every attempt has been made to ensure accuracy, however these property particulars are approximate and for illustration purposes only. They have been prepared in good faith and they are not intended to constitute part of an offer of contract. We have not carried out a structural survey and the services, appliances and specific fittings have not been tested. All photographs, measurements, floor plans and distances referred to are given as a guide only and should not be relied upon for the purpose of any fixture or fittings. Lease details, service charges and ground rent (where applicable) are given as a guide and should be checked prior to agreeing a sale.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Watery Lane, Darwen, Lancashire, BB3
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Visit our security centre to find out moreDisclaimer - Property reference DAR250017. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Property Shop - Sales & Lettings, Darwen. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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