Location: Huncoat, Lancashire
An incredible opportunity to secure a stunning, newly-developed, 12 bedroom all en-suite HMO set within a huge plot. Finished to an extremely high-standard, with a complete new fit-out and no expense spared.
The recently completed works have included; full electrics, gas, grade A fire safety systems, roofing, Hi-Tik CCTV system, complete refurbishments throughout, laminate and vinyl flooring, lighting, communal areas, kitchen with 3 electric ovens and hobs, breakfast bar, fitted wardrobes, double glazed windows, 8 car parking spaces and much more!
The property once fully-tenanted is set to offer up to £6,250 PCM / £75,000 PA in rental income based one £120 p/w person. A more conservative figure of £100 p/w (£62,400 PA) may be more achievable, however.
We can work with you to ensure the property is income generating as soon as possible and look to have tenants in place prior to completion.
At the conservative estimates, the potential NET returns after management, mortgage costs and bills will be c£2,333 PCM / £28,000 PA. Alternatively, you can opt for a supported living provider to occupy the property at c£35,000 PA / £2,916.67 PCM NET with no bills, management or maintenance.
The property is situated close to Accrington Town Centre, with easy access to Burnley, Blackburn, Preston and other surrounding areas.
Blackburn Hospital, Accrington Community Hospital, St Peters Burnley and Burnley Teaching Hospital are all within a 17 minutes drive – making it very well placed and desirable towards the professional market, especially given the level of finish seen here.
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Please Note: Property values can decrease as well as increase. No express or implied income claims are made herein. Historic performance should not be taken as a guarantee of future performance. Leveraged property investment with mortgage finance can increase the risk of losing money as well as increasing the possible gains.
Sherwood Estate Agency Ltd uses all reasonable efforts to ensure that the property information published on the website and in the investment packs and elsewhere are accurate, current and complete at the date of publication; no warranties or representations are made or implied as to the accuracy of such information.