Grane Road, Rossendale, BB4 5EB

Excellent buy-to-let investment opportunity. Two double bedrooms currently let at £695 pcm – £8,340 pa approximately 7.58% gross rental yield.

An excellent investment opportunity, currently generating £8,340 per annum, offering an attractive rental yield of approximately 7.58% at the asking price of £110,000.

This two-bedroom property would make an ideal addition to an established portfolio or an appealing opportunity for a first-time landlord looking to enter the buy-to-let market.

The property benefits from gas central heating and double glazing throughout and is thoughtfully arranged to maximise its living space.

Upon entering, an entrance hallway provides access to the staircase leading to the first floor, with the ground floor opening to the right into a spacious open-plan living and kitchen area.

This versatile space provides ample room for both relaxing and dining, creating a practical and sociable environment for tenants.

The fitted kitchen is equipped with a range of units, an integrated oven and hob, and a single-drainer sink unit, providing the essential facilities for everyday living.

To the first floor, the landing leads to two well-proportioned double bedrooms, offering comfortable accommodation for couples, small families or professional tenants.

Completing the accommodation is a modern three-piece bathroom suite comprising a panelled bath with shower over, wash hand basin and WC. Calculation: (£695 × 12) ÷ £110,000 × 100 = 7.58%.

The property is currently let at £695 per calendar month, providing an immediate rental income stream for an incoming investor, subject to verification of the existing tenancy arrangements.

The gross yield of approximately 7.58% represents the annual rent as a percentage of the asking price, before deductions for maintenance, insurance, management fees, void periods, taxation and any finance costs.

Additional acquisition costs, including stamp duty where applicable, should also be considered when calculating the overall return on investment.

Important buyers' note – Flying Freehold Prospective purchasers should be aware that the property includes a flying freehold.

This is where part of a freehold property extends over or beneath another freehold property, potentially creating additional legal, structural and maintenance considerations.

Although mortgages may be available, lending criteria vary and some lenders may be unwilling to lend against properties with this arrangement.

Buyers are strongly advised to seek clarification from their solicitor, mortgage lender and surveyor regarding the implications, insurability and any associated maintenance responsibilities before proceeding.

Anti-Money Laundering (aml) Checks - As part of making an offer, we’re required by law to complete Anti-Money Laundering (aml) checks to confirm the identity of all purchasers.

To cover the cost of this process, a fee of £60 inc VAT per buyer is payable when your offer is accepted.

This is a standard requirement for all buyers and helps us ensure your offer can be progressed as quickly and smoothly as possible.