Burnley Road, Accrington, Lancashire, BB5
- PROPERTY TYPE
Terraced
- BEDROOMS
4
- BATHROOMS
3
- SIZE
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Key features
- HMO property investment
- Four bedrooms with two ensuites and one shared bathroom between two rooms
- Below the 5 bedroom threshold for needing a HMO licence
- Expected annual rental income of £24,540
- Expected gross yield of 12.27%
- Property is in the process of being furnished
Description
* Fully Compliant 4-Bedroom HMO (HMO licence isn't required due to only being a four-bed and not a five or above)
* Two Ensuite Bedrooms
* Strong Rental Demand Area
* Projected Gross Yield: 12.27%
* Modern Finish with Rear Extension & Large Communal Kitchen/Diner
* Turnkey Opportunity - Ready for Letting
* Property Will Be Sold Furnished
________________________________________
Property Overview
This beautifully refurbished 4-bedroom HMO is ideally located in the popular town of Clayton-le-Moors, along the Burnley investment corridor.
Thoughtfully designed to suit professional tenants, the property features:
* Bedroom 1 (Ground Floor) - Ensuite - £525pcm
* Bedroom 2 (First Floor) - Ensuite - £550pcm
* Bedroom 3 (First Floor) - Shared Bathroom - £475pcm
* Bedroom 4 (Second Floor) - Shared Bathroom - £495pcm
* Family Bathroom (First Floor) with bath and overhead shower
* Extended Rear Kitchen-Diner - spacious and modern for shared living
* Fully updated electrics, gas safety, and fire safety compliance
* Contemporary fixtures throughout
________________________________________
Rental Income & Yield Calculation
Room Monthly Rent Annual Rent
Ground Floor (Ensuite) £525 £6,300
First Floor (Ensuite) £550 £6,600
First Floor (Shared Bath) £475 £5,700
Second Floor (Shared Bath) £495 £5,940
TOTAL £2,045 £24,540
Total Annual Rent: £24,540
Purchase Price: £199,950
Gross Yield: 12.27%
Expected Outgoing Cost At 25% Of Gross Income: £6,135
Net Income: £18,405
Net Yield: 9.2%
- 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.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Burnley Road, Accrington, Lancashire, BB5
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Visit our security centre to find out moreDisclaimer - Property reference 57-Burnley-Road-BB5. 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 Pure, Manchester. 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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