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£60,000

5 Bradley Road East, Nelson

  • 0 beds
Cottage

£60,000

  • 0 beds
Cottage
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Estimate monthly mortgage payment:

£274 per month

Minimum deposit amount:

£3,000
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Pure Investor are delighted to bring to the market this 1 1⁄2 - bedroom mid terraced property in Nelson, Blackburn, Lancashire. The property is currently vacant however it will need some modernising throughout to bring the property back up to a good liveable standard for either a tenant or a homeowner. The property was previously tenanted, and we believe a current rental figure of £400 would be the going rate.

The property comprises of small front garden area looking out onto Bradley Road East which is on a cul-de-sac. The living room is fully carpeted and large, the kitchen space is on the small side and would need some reconfiguring to maximise the space to be able to fit kitchen units and appliances. To the rear there this an outside toilet and storage facility which has been built, planning permission for an extension to the rear should be no problem due to the structure already being in place, however we would always recommend seeking professional advice on this. Upstairs is a large master bedroom which mirrors the size of the living room downstairs. Upstairs is also the family bathroom with sink, toilet and shower bath, along with a small bedrooms/office room. Out the back is a small yard.

Investment Information

  • 5 Bradley Road East, Nelson, Lancashire, BB9 9UB
  • 1 1⁄2 bedroom mid terraced (cottage style) property
  • Purchase price - £60,000.
  • Freehold.
  • Expected rental figure £400pcm - £450pcm.
  • Expected yield after refurbishment 9% per annum.
  • Refurb expected cost £10,000 (estimate).
  • No tenants in situ, vacant property currently.
  • Ideally looking for cash purchases but will look at all offers.

Your estimated purchase costs

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Stamp Duty tax
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£0
Mortgage and legal costs:
£999
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