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Portfolio8 are delighted to bring to the market a 2 bedroom semi-detached property in Blackburn. The property is ideally located for a schools, shopping centres and also sporting venues in the Blackburn area. The property comes with a tenant in situ who is looking to stay in the property long term.


Price:

£105,000.00

Gross Rent:

£6,600.00

Gross Yield:

6.2%

Tenancy Status: Tenanted

Tenure: Leasehold

Furnishings: Unfurnished

The Property

Bedrooms
Bedrooms: 2
Bathrooms
Bathrooms: 1
Public Rooms
Public Rooms: 1
Furnishings
Unfurnished

View Floorplan

In brief the property comprises of: small porch area leading to the living room, the living room has a large front double glazed window which allows a good amount of light to enter the room, to the rear of the living room is the kitchen which is fully equipped with cooker, extractor fan, sink and drainer, there are also two single windows and a window door leading out to the garden.

The first floor comprises of: Bedroom one is a double bedroom which overlooks the rear garden, to the front of the first floor is the master bedroom which has 2 storage spaces over the stairs as well as plentiful space for wardrobes, there is also a family bathroom which consists or a sink, toilet and bath/shower facility.

Outside the property there is a front grassed area, there is a large driveway which could accommodate two to three cars and leads to a garage at the back of the property, there is a part flagged part lawned rear garden which is not directly overlooked.

Tennant Profile

  • Young family mum and dad with children who attend the local school. Not looking to move and are happy to continue renting the property. The client signed a 2 year contract in July 2020 during the height of covid at £485 until July 2022. The rent will likely increase after this as the current rental market is around £550 - £585.

 Recent Property Works

  • Property has benefited from significant roof repairs in 2020
  • New Boiler July 2020
  • New Bathroom 2020

 Reason for selling

  •  The owners are accidental landlords this property was originally lived in by the current owner then rented it out ever since. Always had tenants in place apart from change over periods. They  have since moved to a different area and want to sell the property.

 Current Lettings Agent

  • Entwistle Green are one of the longest established and most respected estate and letting agents in the North West of England, with 100 years experience in property sales and lettings. With a wide network across Merseyside and Lancashire, from Crewe to Blackpool, they are well placed to make sure that your property is let and managed by an excellent company.

Specialists in selling tenanted property for investors and landlords.

Earn rental income right up to completion.

Avoid costly void periods.

No need to evict tenants and distrut lives.

We have 1000's of investors actively seeking tenanted properties.

Portfolio8 - Property Investment

Get a question?

Our hugely experienced sales team are here to help you.

Contact Us

If you would like further details about this investment opportunity, please contact us using the form below or call us directly.

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Call: +44 (0) 161 537 2727