Pure Investor are delighted to bring to the market this 3-bedroom mid-terraced property at Pine Street, Haslingden, Rossendale BB4. The property offers 3 double bedrooms with a good-sized living and dining room, there is a rear extension where the kitchen is located. This property offers a high 8.4% yield to the new investor. FULL PROPERTY ADDRESS: 39 Pine Street, Haslingden, Rossendale BB4 5ND Investment Breakdown Purchase Price - £125,000.00 Number of bedrooms - 3 Leasehold/freehold - Leasehold (Peppercorn) Remaining lease - 975 years Service charge - £0.00 Ground rent - £0.00 Lettings - Self-Managed Current letting agent - Not applicable Current rental income - £875.00 pcm Gross rental income - £10,500.00 per annum How long have the current tenants lived at the property? Not applicable When does the current letting contact end? New tenants to move in shortly. Gross rental income per annum - £10,500.00 Service charge per annum - £0.00 Ground rent per annum - £0.00 Net income per annum - £10,500.00 Gross yield - 8.4% Net yield - 8.4% Reasons to invest in Rossendale
Beautiful Natural Landscape: Rossendale is located in the Forest of Rossendale, an area of outstanding natural beauty that attracts tourists and outdoor enthusiasts, providing investment opportunities in tourism and leisure. Growing Economy: The local economy has been growing in recent years, driven by industries such as advanced manufacturing and technology, providing potential investment opportunities. Strategic Location: Rossendale is strategically located near major cities such as Manchester and Leeds, with good transport links, making it an attractive location for businesses and investors. Affordable Housing: Compared to other areas in the North West, Rossendale has more affordable housing, making it an attractive location for first-time buyers and young families, providing investment opportunities in the property market.
Investment in Infrastructure: The local government has made significant investments in infrastructure, including transport and housing, providing a favourable investment environment.
Education close to 39 Pine Street: Local Primary Schools
Fearns Community Sports College, Stacksteads, Lancashire.
St Mary's RC Primary School, Rawtenstall, Lancashire.
Bacup Thorn Primary School, Bacup, Lancashire.
St James' CE Primary School, Waterfoot, Lancashire.
St John's CE Primary School, Crawshawbooth, Lancashire.
Local Secondary Schools
Fearns Community Sports College, Stacksteads, Lancashire.
Bacup and Rawtenstall Grammar School, Rawtenstall, Lancashire.
Haslingden High School, Haslingden, Lancashire.
All Saints Catholic High School, Rawtenstall, Lancashire.
Alder Grange Community and Technology School, Rawtenstall, Lancashire. Reservation and Purchase Process Reserve your unit with a signed reservation form Sourcing fee of £2,500 + VAT (50% paid upfront & the remaining 50% paid upon completion) Provide certified ID, proof of address and proof of funds to Pure Investor Solicitors instructed Remaining balance due on completion