£85,000
2 bed terraced house for saleThomas Street, Colne, Lancashire BB8
2 beds
1 bath
1 reception
- Chain free
- Leasehold
Entwistle Green - Colne Sales
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About this property
Sold with sitting tenant
£500 per month rent
Generating A yield of over 7%
Sold no chain
Two-Bedroom Mid-Terrace Property on Thomas Street, Colne
This well-maintained two-bedroom mid-terrace property is ideally located, offering easy access to the town centre, transport links, and motorway connections, making it a fantastic option for tenants and investors alike.
Currently rented, the property is being sold with the long-standing sitting tenant in place. The rent has been agreed to increase to £500 per month, providing an attractive return of over 7% yield. The property has been well cared for by the current tenant, ensuring a smooth transition for a new landlord taking over the tenancy.
With its convenient location and reliable rental income, this property presents a great opportunity for investors looking for a solid addition to their portfolio.
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More information
Tenure
Leasehold (861 years)
Service charge
Council tax band
A
Ground rent
Ground rent date of next review