39 Pine Street, Haslingden

Pure Investor are delighted to bring to the market this 3-bedroom mid-terraced property at Pine Street, Haslingden, Rossendale BB4. The property offers 3 double bedrooms with a good-sized living and dining room, there is a rear extension where the kitchen is located. This property offers a high 8.4% yield to the new investor.

FULL PROPERTY ADDRESS: 39 Pine Street, Haslingden, Rossendale BB4 5ND

Investment Breakdown

• Purchase Price – £125,000.00
• Number of bedrooms – 3
• Leasehold/freehold – Leasehold (Peppercorn)
• Remaining lease – 975 years
• Service charge – £0.00
• Ground rent – £0.00
• Lettings – Self-Managed
• Current letting agent – Not applicable
• Current rental income – £875.00 pcm
• Gross rental income – £10,500.00 per annum
• How long have the current tenants lived at the property? Not applicable
• When does the current letting contact end? New tenants to move in shortly.
• Gross rental income per annum – £10,500.00
• Service charge per annum – £0.00
• Ground rent per annum – £0.00
• Net income per annum – £10,500.00
• Gross yield – 8.4%
• Net yield – 8.4%

Reasons to invest in Rossendale

Beautiful Natural Landscape: Rossendale is located in the Forest of Rossendale, an area of outstanding natural beauty that attracts tourists and outdoor enthusiasts, providing investment opportunities in tourism and leisure.

Growing Economy: The local economy has been growing in recent years, driven by industries such as advanced manufacturing and technology, providing potential investment opportunities.

Strategic Location: Rossendale is strategically located near major cities such as Manchester and Leeds, with good transport links, making it an attractive location for businesses and investors.

Affordable Housing: Compared to other areas in the North West, Rossendale has more affordable housing, making it an attractive location for first-time buyers and young families, providing investment opportunities in the property market.

Investment in Infrastructure: The local government has made significant investments in infrastructure, including transport and housing, providing a favourable investment environment.
Education close to 39 Pine Street:

Local Primary Schools

• Fearns Community Sports College, Stacksteads, Lancashire.
• St Mary’s RC Primary School, Rawtenstall, Lancashire.
• Bacup Thorn Primary School, Bacup, Lancashire.
• St James’ CE Primary School, Waterfoot, Lancashire.
• St John’s CE Primary School, Crawshawbooth, Lancashire.

Local Secondary Schools

• Fearns Community Sports College, Stacksteads, Lancashire.
• Bacup and Rawtenstall Grammar School, Rawtenstall, Lancashire.
• Haslingden High School, Haslingden, Lancashire.
• All Saints Catholic High School, Rawtenstall, Lancashire.
• Alder Grange Community and Technology School, Rawtenstall, Lancashire.

Reservation and Purchase Process

• Reserve your unit with a signed reservation form
• Sourcing fee of £2,500 + VAT (50% paid upfront & the remaining 50% paid upon completion)
• Provide certified ID, proof of address and proof of funds to Pure Investor
• Solicitors instructed
• Remaining balance due on completion