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Great Investment Property £50,000 (£50,000)

Date posted: Monday 28th April
Location: Burnley, Every Street

We have a 2 bedroom terrace house in Burnley Lancashire for sale. We bought it last year for £36,000 and have spent about £10,000 doing it up. We just had it valued at £60,000 and last year and a house on the same street sold for £55,000.

Large Kitchen - big enough for six seater table in, all new cupboards
Bathroom with bath and shower above, half tiled
Living room with fire place
Half of the roof is new
Exterior newly painted
Secuity bars on all windows and doors (when you get this rented out you might want to remove these, but since we don't live near and it has been empty while work has gone on we put the bars up)
Back yard
Street parking (spaces always avaialble)


It is not in the best area and we have not done it up to a high standard. Just average good enough for renting.

We live in Manchester and due to the credit crunch need to pull some money out of this property to invest in doing another one up, hence the lower price. It will be in auction in June, but we are hoping to sell it before then and avoid auction fees.

SO if you are fed up of fighting big city prices to get on the property ladder this is something you might want to think about. Its completely decorated so if you wanted to rent it out you wouldn't need to do anything to it.

There is a big regeneration going on in Burnley with a new university opening in two years, so even if you just sat on it you may see a good return in just a few years. We would do just that if we didn't need the money - but we do!

Nothing dodgy at all, we own the house and used to live in Burnley and now own a building company, so any questions you want to ask just email.

Thanks

Andrea

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