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Flat 1 & 2, 356 Bolton Road

Blackburn, United Kingdom

£95,000.00

Investment Type: BUY-TO-LET

Est. Completion: AVAILABLE

Investment Information

  • Full address: Flat 1 & 2, 356 Bolton Road, Blackburn, Lancashire BB2 4JQ
  • 2 x 1-bedroom apartments
  • Asking price: £95,000.00
  • Current rental income: £625.00 (Flat 1 £300.00 & Flat 2 £325.00)
  • Yield: 8.0%
  • Tenure: Freehold
  • Tenanted: Yes
  • Current managing agent: Conrad Walker
  • Tenants' move in dates: March 2020 & September 2021
  • Periodic contract with the tenants

Pure Investor brings to the market 2 x 1-bedroom apartments for sale in Blackburn which are currently returning an 8.0% yield. The apartments are located on A666 Bolton Road, Blackburn which is one of the main roads leading into Blackburn town centre from the M65 motorway. There are currently tenants in situ in both apartments with monthly rental payments of £300.00pcm and £325.00pcm respectively. The layout of both apartments is similar, and they offer an open kitchen/living room, bathroom with shower, sink and toilet, and a double bedroom. Access to the apartments is gained via the front door of the property where there is an entrance hallway leading to stairs to the apartments on the first floor.

Information On Area

There are several reasons why one might consider investing in property in Blackburn:

Affordability: Blackburn is a relatively affordable place to buy a property compared to other areas in the North West of England, such as Manchester or Liverpool. This means that investors can purchase property at a lower cost, potentially increasing their return on investment.

Strong rental demand: Blackburn has a strong demand for rental properties, particularly in the town centre and surrounding areas. This is due to the town's proximity to major cities such as Manchester, as well as its growing economy and job market.

Regeneration: Blackburn has undergone significant regeneration in recent years, with many new developments and investments in infrastructure. This has helped to boost the town's economy and attract new businesses, which is likely to increase demand for property in the area.

Transport links: Blackburn has good transport links, with easy access to major motorways such as the M65 and M6. There are also regular train services to Manchester, Preston, and other nearby towns and cities.

Growing population: Blackburn has a growing population, which is expected to continue to increase in the coming years. This means that there will be an increasing demand for housing, particularly for affordable rental properties.

 

Payment Plan

  • 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

Video - Flat 1 & 2, 356 Bolton Road

Contact Us

If you would like further details about Pure Investor or any of our property investment opportunities, please contact us using the form below or call us directly.

Any Questions?

Call: +44 (0) 161 337 3890

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Looking to Sell

Looking to sell your tenanted buy to let property?

Are you considering selling your property with sitting tenants?

Concerned about losing rental income, or paying expensive utility bills for 4-5 months whilst you sell? We specialise in selling properties with tenants in situ, often saving the landlord thousands of pounds in lost rental income.

  • Specialists in selling tenanted properties in the UK.
  • Database of over 30,000 experienced property investors, actively seeking tenanted properties to add to their portfolio.
  • Experienced in working with tenants and lettings agents to ensure smooth transition and good communication throughout.
  • Generate rental income right up to completion of sale and avoid expensive void periods during sales and legal process.

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