Mistoria Investments
108-110 Deansgate
Bolton
BL1 1BD
Bury Road, Bury
Offers Around £180,000
2 Bedroom House
- Three-bedroom house share currently configured for investment use.
- Two tenants in situ, providing an immediate rental income of approximately £850 pcm.
- Potential income of circa £1,500 pcm, subject to required improvements
- Upgrade works recommended
- Excellent value-add opportunity for an investor looking to increase rental income and capital performance.
- Offers invited – an ideal opportunity to acquire an income-producing property with further potential.
INVESTMENT OPPORTUNITY – THREE-BEDROOM HOUSE SHARE
Mistoria Estate Agents are pleased to offer for sale this three-bedroom property on Bury Road, Bury, currently configured and operated as a house share, with two tenants currently in situ.
The property is currently producing an income of approximately £850 per calendar month, with the potential, subject to the necessary improvements, compliance requirements, to generate an estimated £1,500 per calendar month.
The property represents an opportunity for an investor to acquire an existing income-producing asset with scope to increase rental income and improve its overall investment performance.
Some initial upgrades and improvements are recommended to the property . Buyers should make their own enquiries with the relevant local authority regarding licensing requirements and should satisfy themselves as to the works required and associated costs.
Key Investment Features
Three-bedroom property
Currently configured as a house share
Two tenants currently in situ
Current income: £850pcm
Potential income: approximately £1,500pcm, subject to licensing and improvements
Opportunity to enhance rental income
Initial improvement works required
Established residential location
Offers invited
This is an opportunity suited to an investor looking for a property with existing rental income and the potential to increase returns through targeted improvements.
Viewings are recommended. Offers invited.
Full Description
Located on Bury road in Tottington, this double room has shared facilities with 3 other tenants, there is a communal kitchen area with a utility room just of the kitchen. The room is located on the first floor and has a double bed, wardrobe dressing table and tv. all bills are included which includes wi-fi. This is an ideal opportunity for someone who wants to share a house with others on an all inclusive basis. Call today to arrange a viewing.
Energy Efficiency and Environmental Impact
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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