Ainsworth Lord Estates

7 Bedrooms Flat For Sale in Investment Opportunity, Block of 4 Flats & 3 Bedsits, Blackburn Rd Darwen - Guide Price £220,000

Full Details

Ainsworth Lord Estates are delighted to be the Sole Selling agents on this 'High Yielding' Investment Opportunity in Darwen Lancashire.

We are offering a block of 4 spacious flats, created from three traditional, stone built, terraced properties, and one of the flats has been made into 3 Bedsits.

2 x 2 Bedroom Flats (one of these flats has been made in to 3 Bedsits) AND
2 x 1 Bedroom Flats

All 4 Flats are currently Tenanted with robust ASTs in place.

Current Monthly Rental Income is: £1821.67 (£21,860 pa), delivering a healthy yield of 10% (gross)

There is scope to significantly increase the income on these units after some minor modification.
Once modified, we are confident we can increase the Monthly Income to £2,405 (£28,860 pa). Delivering an increased Yield' of 12% (gross).

These flats have rented well over the years with minimum voids, due to the following reasons:

Location
Condition
Correct Pricing
Effective Marketing


Demand for this type of rental property is very strong, and getting stronger.

We are currently the Managing Agents on this property and would be delighted to continue with this subject to our Terms of Business.


Interested? Thought you would be....

We welcome interest from serious buyers, and expect you to have funds or finance in place before you contact us for more information.

We regret we can not permit viewings unless you are in a position to proceed. Our in-house finance broker may be able assist you with this.

Also, pleased be advised it may not be possible to view all the flats at the same time as they are tenanted. We do however have a full photographic inventory that was compiled recently.


Interested in more of this kind of Investment Property? read on....

We have a steady supply of this kind of property and other similar 'super yielding' investments. Very often these properties are sold 'off market' and are never advertised.

To be added to our Investors List please email us with your details and include the following information:

Your full Name
Address
Full contact details (email/phone etc)
Budget
Whether Cash or Finance
Basic details of the type of properties you are looking for
Time-scales (ready now, or in next 3 or 6 months etc)
Best time to contact you.

Then our Lettings and Investment Director will contact you to discuss your requirements in more detail.

Useful Information:

Looking for other Property Investment Opportunities in Darwen or East Lancashire, well your in the right place.

Why not visit DarwenPropertyBlog.co.uk

We talk about what is happening in the Darwen property market itself, even looking at specific streets and estates in Darwen.
At other times, we will post what we consider decent buy to let deals in the town. Some will be on the market with us, but most will be on the market with other estate agents in Darwen.
We like to look at the whole of market and give you, what we consider the best investment opportunities, regardless of which agent is selling it.

Alternatively, if you have seen another investment property up for sale with another agent in the Darwen area and would like a second opinion, why not contact us for a chat. We're always happy to help.







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