Blackburn Road, Darwen, Lancashire, BB3
- PROPERTY TYPE
Terraced
- BEDROOMS
7
- BATHROOMS
4
- SIZE
Ask agent
- 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
- Block of 4 Flats (with 3 Bedsits) in Popular Location
- 2 Ground Floor Flats
- 2 First Floor Flats
- All with Gas Central Heating
- All Fully Double Glazed
- Tenants on long ASTs with Good Paperwork
- In Good Condition and been well maintained over the years
- Potential to Increase Rental Income Significantly
- Great Investment OpportunityFull Management Retained by Property Shop
Description
Property Shop are delighted to be the Sole Selling agents on this 'High Yielding' Investment Opportunity in Darwen Lancashire.
We are offering a block of 4 spacious flats, created from three traditional, stone built, terraced properties, and one of the flats has been made into 3 Bedsits.
2 x 2 Bedroom Flats (one of these flats has been made in to 3 Bedsits) AND
2 x 1 Bedroom Flats
All 4 Flats are currently Tenanted with robust ASTs in place.
366 (First Floor Flat)
This flat is currently rented out for £700 pcm.
366 (Ground Floor Flat)
This flat is currently rented out for £450 pcm however their is scope to increase this to the current market value.
368 (First Floor Flat)
This flat is currently rented out for £450 pcm however their is scope to increase this to the current market value.
368 (Ground Floor Flat)
This flat is currently rented out for £450 pcm however their is scope to increase this to the current market value.
Current Monthly Rental Income is: £2050 (£24,600 pa), delivering a healthy yield of 10% (gross)
There is scope to significantly increase the income on these units after some minor modification.
Once modified, we are confident we can increase the Monthly Income to £2,405 (£28,860 pa). Delivering an increased Yield' of 12% (gross).
These flats have rented well over the years with minimum voids, due to the following reasons:
Location
Condition
Correct Pricing
Effective Marketing
Demand for this type of rental property is very strong, and getting stronger.
We are currently the Managing Agents on this property and would be delighted to continue with this subject to our Terms of Business.
Interested? Thought you would be....
We welcome interest from serious buyers, and expect you to have funds or finance in place before you contact us for more information.
We regret we can not permit viewings unless you are in a position to proceed. Our in-house finance broker may be able assist you with this.
Also, pleased be advised it may not be possible to view all the flats at the same time as they are tenanted. We do however have a full photographic inventory that was compiled recently.
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.
- Ask agent
- 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
Blackburn Road, Darwen, Lancashire, BB3
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Visit our security centre to find out moreDisclaimer - Property reference DAR250025. 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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