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King Street, Great Harwood, LancashirePrice £330,000 Sold

1 Bedroom Flat

RESIDENTIAL BLOCK OF SIX FLATS - FREEHOLD INCLUDED

**Gross yield 7.45%**
**Net yield 6.45%**

All 6 flats professionally managed by Property Shop
Established, long term tenants, 100% occupancy
No arrears within the last 5 years

(Property Ref: 1514)

OVERVIEW

The Wesley Court development consists of six purpose built, self contained, one bedroom flats in the town of Great Harwood; a township of the Hyndburn district of Lancashire. Great Harwood lies 'over the tops' from the Ribble Valley and 4.5 miles north east of Blackburn.

This is a well established, rental block with many long standing tenants; the longest living there since 2007. Maintenance issues and full refurbishment costs are minimal and affordable.

A higher than average demographic for renting within the local population and a predominance of terrace housing stock gives the Wesley Court development a more exclusive edge for the rental investor.

FINANCIALS

Purchase price £330000
Monthly rental income £2050
Annual rental income £24600
Building insurance £360
Management fees 10% + VAT = £2952
Gross yield 7.45%
Net yield 6.45%

LIVING ROOM - VIEW 1

LIVING ROOM - VIEW 1

3.9 x 3.0 (12'10" x 9'10")

LIVING ROOM - VIEW 2

LIVING ROOM - VIEW 2

3.9 x 3.0 (12'10" x 9'10")

KITCHEN

KITCHEN

2.2 x 1.7 (7'3" x 5'7")

BEDROOM

BEDROOM

2.9 x 2.5 (9'6" x 8'2")

BATHROOM

BATHROOM

2.3 x 1.5 (7'7" x 4'11")

REAR OF FLATS

REAR OF FLATS

COMMUNAL GARDEN AREA

COMMUNAL GARDEN AREA

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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