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Stone Street, Waterfoot, LancashirePrice £60,000 Sold

1 Bedroom House - back to back

  • Purchase price - £60,000
  • Monthly rental income - £400
  • Annual rental income - £4,800
  • Management fees 10% + VAT - £576
  • Estimated building insurance - £200
  • GROSS YIELD - 8%
  • NET YIELD - 6.71%

HIGH QUALITY REFURBISHMENT

GROSS YIELD 8%

**NET YIELD 6.71%**

(Property Ref: 1485)

OVERVIEW

Waterfoot is a small, former mill town within the Rossendale Valley which is a hidden gem; tucked away in rolling hills and countryside, north of Bury and Rochdale and a commutable distance to Manchester.

People looking beyond the price increases of Greater Manchester are often attracted to the Rossendale Valley for its good access to the M66; the feed to the M60 motorway orbit around Manchester.

Waterfoot itself is a small town with a variety of independent shops and amenities. It has a reputation for attracting artists - several having set up studios and galleries in the town. With village and public space improvement schemes and new residential developments Waterfoot has a lot to offer for future investors.

SPECIFICATION

A traditional, stone built property on a terrace street of back to back properties this house has been refurbished to a high specification fixtures and fittings. Set over three floors the property briefly comprises; a modern dining kitchen as you enter the property which houses an integrated oven, electric hob and extractor, there is under stairs storage space with a lift-up hatch to the cellar space, to the second floor is the living room and three piece bathroom with over shower with glass screen and on the third floor is the bedroom with velux window and fitted wardrobes.

FINANCIALS

Purchase price - £60,000
Monthly rental income - £400
Annual rental income - £4,800
Management fees 10% + VAT - £576
Estimated building insurance - £200
GROSS YIELD - 8%
NET YIELD - 6.71%

All fixtures and fittings mentioned in these particulars are included in the sale or letting all others in the property are specifically excluded.
Please note that we have not tested any apparatus, equipment, fixtures, fittings or services and so cannot verify that they are in working order or fit their purpose.
Photographs are reproduced for general information and it must not be inferred that any item is included.
Please note, although these particulars are thought to be materially correct, their accuracy is not guaranteed and they do not form any part of a contract.
No person in the employment of Property Shop (NW) Limited has any authority to make or give any representation or warranty.

Energy Efficiency and Environmental Impact

Energy efficiency chartEnvironmental impact chart

Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.

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