236 Bacup Rd, Rawtenstall

Pure Investor is delighted to bring to the market this 2-bedroom, end terraced property in Rawtenstall. The property is being sold as vacant possession.

The property doesn’t come with garden space which the previous landlord enjoyed due to there needing to be no maintenance cost for the upkeep of it. There are 2 double bedrooms and a family bathroom on the first floor and a large living room and kitchen on the ground floor, there is also a large cellar space where the meters are housed. The house would need some building work completed to maximise the rental return. A quote for the work has been provided below with some additional information.

INVESTMENT INFORMATION

• Asking price: Offers over £100,000.00
• Current rental income: VACANT
• Expected rental income: £750pcm (£9,000 per annum
• Expected yield before building work: 9%
• Expected yield after £20,000 worth of building work: 7.5%
• Tenure: Leasehold (peppercorn lease 974 years remaining)
• Building work quote can be provided upon enquiry. We would recommend a budget of around £20,000 to put the property to a good rentable standard. Please find attached the building quote for the dampness in the property. We would also add on the cost for new carpets throughout, new bathroom and decoration throughout as well.