Monday, 28 September 2015

Buy to Let investment on Percival Street Darwen 8%+ Yield Full Refurbed, offered by one of the Estate and Letting Agents in Darwen, highlighted by Paul Ainsworth Lord

This looks interesting, neatly refurbed garden fronted terraced property in a pretty decent spot on Percival Street in Darwen.

It's up with two agents at the moment, one of which is our friends down at Proctors.

It's been up for a while, listed initially in July with one of those online agents, at £75k. Needless to say...... they didn't cut it and had to recruit a local agent (we see it all the time).


Anyway, Ive been in this one, I had a nosy whilst the contractors were in there doing the refurb. Which seems to be a nice neat job too.

Here's the link to it..

Percival St. Darwen - 3 Bed Terraced REDUCED in PRICE

REFURBISHED 3 Bed Terraced

New Kitchen etc


It's a pleasant 3 bed, garden fronted terraced property and finished pretty well. Its in a good spot.

If we were going to offer this for rent I'd be happy if I got £495 for this 3 bedder, and still... 3 bedders are in short supply... everyone's after them!

Having been reduced by a nice fat 5k bringing it down to a tender £69,950 I think it's a decent buy.

So let's look at the numbers....

PP - £70k
Rent- £495pcm x 12 = £5940
Gives a healthy gross yield of 8.5%

Pretty Good eh?

Other things to consider.... how will it appreciate in value going forward? And what are the pitfalls to this street?

Happy to have a chat with you and offer a second opinion should you be thinking of purchasing this one...

You should know where I am by now....

Paul Ainsworth Lord
Local Property Expert

There's plenty of parking near our office

Ainsworth Lord Estates
49 Market Street (In Town Centre)

Call me on 01254 760660

or ping me an email...

I'm always happy to break off things to have a brew and a good chat about the Darwen Rental market.
Need to remind me to shut up when you've had enough though... I can talk about it for ages.....

I'll supply the coffee (we only do nice coffee) and you bring the biscuits. Deal?

No comments:

Post a Comment