* Freehold
* 2 x 1 bedroom apartments
* Each apartment comes with double bedroom, open kitchen/living space and bathroom
* Close to local amenities
* Tenants in situ
* Current monthly rental income £625 (£300 & £325)
* Yield of 8. 0%
Pure Investor brings to the market 2 x 1 - bedroom apartments for sale in
Blackburn which are currently returning an 8. 0% yield. The apartments are
located on A666 Bolton Road, Blackburn which is one of the main roads leading
into Blackburn town centre from the M65 motorway. There are currently tenants
in situ in both apartments with monthly rental payments of £300. 00pcm and
£325. 00pcm respectively. The layout of both apartments is similar, and they
offer an open kitchen/living room, bathroom with shower, sink and toilet, and
a double bedroom. Access to the apartments is gained via the front door of the
property where there is an entrance hallway leading to stairs to the
apartments on the first floor.
Investment Information
\ - Full address: Flat 1 & 2, 356 Bolton Road, Blackburn, Lancashire BB2 4JQ
\ - 2 x 1 - bedroom apartments
\ - Asking price: £95, 000. 00
\ - Current rental income: £625. 00 (Flat 1 £300. 00 & Flat 2 £325. 00)
\ - Yield: 8. 0%
\ - Tenure: Freehold
\ - Tenanted: Yes
\ - Current managing agent: Conrad Walker
\ - Tenants' move in dates: March 2020 & September 2021
\ - Periodic contract with the tenants
Information On Area
There are several reasons why one might consider investing in property in
Blackburn:
Affordability: Blackburn is a relatively affordable place to buy a property
compared to other areas in the North West of England, such as Manchester or
Liverpool. This means that investors can purchase property at a lower cost,
potentially increasing their return on investment.
Strong rental demand: Blackburn has a strong demand for rental properties,
particularly in the town centre and surrounding areas. This is due to the
town's proximity to major cities such as Manchester, as well as its growing
economy and job market.
Regeneration: Blackburn has undergone significant regeneration in recent
years, with many new developments and investments in infrastructure. This has
helped to boost the town's economy and attract new businesses, which is likely
to increase demand for property in the area.
Transport links: Blackburn has good transport links, with easy access to major
motorways such as the M65 and M6. There are also regular train services to
Manchester, Preston, and other nearby towns and cities.
Growing population: Blackburn has a growing population, which is expected to
continue to increase in the coming years. This means that there will be an
increasing demand for housing, particularly for affordable rental properties.

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