2 bedroom terraced house for sale
Key information
Property description & features
- Tenure: Leasehold (871 years remaining)
- TO BE SOLD UNDER AUCTION TERMS
- GREAT BUY TO LET INVESTMENT
- POTENTIAL INCREASE TO RENT
- TENANTED
TO BE SOLD BY ONLINE AUCTION ON 3RD JULY UNLESS SOLD PRIOR UNDER AUCTION TERMS.
8 PRESCOTT STREET , BURNLEY BB10 4DT.
Tenanted and not inspected by Edward Mellor. Let on a AST at £425 per calendar month. The tenants have expressed a desire to remain in situ. Please respect their privacy. The legal pack contains a Notice to take Remedial Action which was served on the previous owner in September 2023. Edward Mellor have not been able to verify whether the Notice has been discharged in full, in part or at all. FURTHER INTERNAL PHOTOS ARE AVAILABLE ON REQUEST.
An excellent investment opportunity for buy-to-let investors seeking to expand their portfolio. With a current annual income of £5,100 PA and a potential increase to £8,400 PA based on similar properties in the area, this property is ideal for those aiming to achieve a reliable and steady return on their investment.
The local area presents a compelling prospect for investors exploring buy-to-let properties. Abundant with amenities and a robust transportation infrastructure with road and rail networks, it emerges as an exceptional strategic investment hub. Local conveniences, from retail outlets to educational institutions, amplify its attractiveness for both residents and prospective tenants, rendering it an investor-savvy destination.
Here are a handful of similar sold properties which highlight the potential to be unlocked:
16 Mary Street Burnley BB10 4AJ-SSTC - 14/03/2024 £90,000 Terraced 2 beds 0.10 mi
39, Lyndhurst Road, Burnley, Lancashire, BB10 4DX-SSTC - 08/03/2024 £89,995 Terraced 2 beds 0.08 mi
40, Brockenhurst Street, Burnley, Lancashire, BB10 4ET- SSTC - 27/02/2024 £94,950 Terraced 2 beds 0.14 mi
Rental values in the area are in the region of £675 – £700pcm
Places of interest
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Property reference EM-156291. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Edward Mellor - Auction.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on April 22, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on April 22, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on December 13, 2020 from 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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