Plantation Street, Stacksteads, Rossendale, OL13

A SMARTLY PRESENTED END-OF-TERRACE HOME OFFERING AN ATTRACTIVE OPPORTUNITY FOR BOTH FIRST-TIME BUYERS AND INVESTORS, CURRENTLY LET AT £520 PCM AND PRODUCING AN APPROXIMATE 5.94% GROSS RENTAL YIELD.

Smartly presented and offering versatile accommodation arranged over four floors, this back-to-back end-of-terrace property represents an appealing opportunity for a range of purchasers. With an asking price of £105,000, the property is well suited to a first-time buyer looking to take their first step onto the property ladder, while also offering an attractive proposition for landlords and investors.

The property is currently let at £520 per calendar month, generating an annual rental income of £6,240. Based on the asking price, this equates to an approximate 5.94% gross rental yield, before allowing for any landlord costs, maintenance, void periods or other associated expenses.
For an investor, the existing tenancy provides an established rental income stream, whilst for a first-time buyer the property offers well-proportioned accommodation and the opportunity to acquire a home at an accessible price point, subject to the purchaser's requirements and the existing tenancy arrangements.

Warmed by gas central heating and benefiting from double glazing, the accommodation begins with an entrance vestibule leading into the comfortable living room. Stairs descend to the lower-ground-floor cellar, providing useful additional storage.

Also located on the lower ground floor is the modern fitted kitchen, incorporating a useful range of base units together with an integrated oven and hob.

Moving to the first floor, there are two rooms, including a good-sized main bedroom which comfortably accommodates double bedroom furniture. A modern three-piece family bathroom completes this level and comprises a panelled bath with shower over, pedestal wash hand basin and WC.

A further staircase rises from the first-floor landing to the second floor, where the converted roof space provides an additional versatile room with a side-facing window. Whilst this room is not signed off as a bedroom, it provides useful additional accommodation suitable for a variety of purposes, subject to the purchaser's requirements.

Externally, the property benefits from its end-of-terrace position and offers a manageable proposition for both owner-occupiers and landlords.

At £105,000, with current rental income of £520 PCM, this is an appealing opportunity for an investor seeking a property producing approximately 5.94% gross yield, while also offering first-time buyers the opportunity to secure an affordable home in a popular Rossendale location.

Location Situated on Plantation Street in the Stacksteads area of Rossendale, the property is conveniently positioned for local amenities and everyday requirements. Nearby Bacup and Rawtenstall offer a wider range of shops, supermarkets, cafés, restaurants and leisure facilities, while the surrounding Rossendale Valley provides excellent access to open countryside and recreational opportunities. The location also provides access towards Burnley, Accrington and the wider Greater Manchester area.

Anti-Money Laundering (AML) Checks - As part of making an offer, we’re required by law to complete Anti-Money Laundering (AML) checks to confirm the identity of all purchasers. To cover the cost of this process, a fee of £60 inc VAT per buyer is payable when your offer is accepted. This is a standard requirement for all buyers and helps us ensure your offer can be progressed as quickly and smoothly as possible.