143b Manchester Road

Please see details on the property listed below for you to review - please not the property is split into 3 separate apartments, with 2 x 2 bedroom and 1 x 1 bedroom. Please note this property is 3 separate flats and not an HMO. Each tenant(s) of each flat pays all their own utility bills, council tax etc. All flats are B and A council tax.

One of the main benefits of this property is that it overlooks the Burnley Manchester Road rail line and is a 30 second walk which directly takes you to Manchester Victoria within 45-minutes and Blackburn within 17-minutes. Burnley town centre is within a 5-minute walk and a 1-minute drive.

If you would like to arrange a viewing, please reply to this email with your proof of funds, i.e. bank statement showing cash or a copy of mortgage in principle. On receipt I can arrange a viewing for you.

INVSTMENT INFORMATION
Full Address: Flats 1-3 143b Manchester Road, Burnley BB11 4HT
Asking Price: £225,000.00
Current Rental Income:
- Flat 1: £475.00pcm
- Flat 2 : £475.00pcm
- Flat 3: £450.00pcm
Overall Rental Income: £1,400.00pcm (£16,800.00 per annum)
Service Charge: N/A
Ground Rent: N/A
Gross Yield: 7.5%
Net Yield: 7.5%
Tenure: Freehold
Current Tenant Situation:
- Flat 1: Has been the same tenant since 2019
- Flat 2: Currently on a rolling contract
- Flat 3: Contract till 5th March 2025
Self-managed rental
Bathrooms: 1 per apartment
Bedrooms: (Flat 1 & 2, 2 beds) (Flat 3, 1 bed)
Ground floor flat has a large rear backyard with imitation grass.

Recent Works Done On The Property
- Flat 1: New Kitchen 2024
- Flat 2: New carpets, flooring, refurbished 2020
- Flat 3: New carpets & redecoration 2023, new bathroom 2020.
- Ground floor bay window roof, completely replaced with new timbers, felt and flashing 2024. Front of building fascia's, soffits top floor window surrounds replaced all timber and tiles 2024

143b Manchester Road - Key Points

Location

Burnley, United Kingdom