Nice little 8%+ yield on Hindle St Darwen from Debs at Ainsworth Lord Estates Agents in Darwen

We work together all day, yet some of the best property chats we have happens in the evening..... and Debs was telling me about one of her properties she has just reduced. So needless to say I have to take a look at it..

It turns out she has a nice little deal on Hindle St in Darwen, and it's just been reduced by 5k!

Here's the link to it on Zoopla...

Hindle St Darwen Click Here for details

8%+ Yield Plus Healthy Forecast for Capital Growth

Now, not only is this a nice tidy refurbed property, it's also one of those that would get snapped up pretty quickly if it was to come onto the rental market.(Well I might like to add some 'personality' feature colours just to help it along a little).

Given it's a 3 bedder in a decent area - classed as Sunnyhurst, the demand for this size of property in the Sunnyhurst Area couldn't be better.

Sunnyhurst is one of the best areas in Darwen and this part of town in particular has had a lot of regeneration happen over the last 6 years or so.

This area used to be purely traditional terraced stock, but as part of the Darwen Regeneration Programme a lot of the old sub-standard housing stock was knocked down to make way for more modern and efficient housing
with gardens and off-road parking etc..

Regeneration of Hindle St & Queen St Darwen

Not only has this regeneration cleaned the whole place up, but we've seen a definite positive impact on house prices in the immediate surrounding areas.

(For example on neighbouring Nicholas St we saw prices jump around 20k in some cases.)

I expect this trend to continue for the foreseeable future, on top of the natural increases we expect to see with house prices in Darwen

The new Houses they have built are selling for around £130-£135k. So when you think you can pick up a good-sized traditional terraced for half that, it makes sense to pay attention, and as none of the new-builds are going to go for rent due to private home ownership and shared ownership, anyone who buys and holds will see a healthy rise in price in the mid-to-long term.

Now, anyone who has ever lived in a new build house knows only too well that you can't swing a cat in them (not that you would, but you know what I mean). They're compact at best is what I'm saying ;-)

Can't swing a cat in one of these

However with traditional houses the room sizes etc are more generous, and demand for traditional houses is very strong - not only from buyers, but renters too.

So what are the numbers?

Well you need to offer over £70k for the property Debs is selling.

So... Assuming you paid £70k for it, and then we got you a rent of £495 pcm (per calendar month) that would deliver a gross yield of  8.5% - nice and bonnie! but assuming we only got say £475 you would still be getting a 8.1% gross yield. How's that sound? Not bad eh?

PLUS as a property to buy and hold, you would without doubt, see some generous capital  growth too.

My Conclusion: BUY!

But if you want to chat some more about this, why not give either Debs or myself a call on 01254 760660, or bob in for a coffee. Our office is in the town centre opposite Boots the Chemist and Your Move's office.
or ping either of us an email:

Paul@AinsworthLordEstates.com
Debs@AinsworthLordEstates.com

Up and Running Perfect Investment for Cautious Investor 5% all day long....Chancel Place Darwen already with Letting Agent In Darwen

I saw Debs put this one on the market the other day.. for offers in excess of £130k

It's perfect for the 'very low risk' investor/landlord. It's what I call a second hand newish property.

Its a nice modern property, in a proper good location, that rents very easily. When we tenanted this property it went within a matter of hours and there were loads of folks wanting it.

It's An Easy 5% Yield.

Perfect Investment Opportunity

Perfect! Ready Tenanted with 5% Yield

This type of property isn't really my cup of tea, but I do know lots of landlord investors that only go for this kind of property, and that's fine.

The reasons they like this type of property varies from landlord to landlord, but the main thing that appeals is the fact they are new(er) and they tend to have fewer maintenance issues and it's fair to say that the tenants do tend to stay longer.

Knowing what you want, and what you like is good in this job. It's very important to have a plan in your head of why you are doing what you and what for. (So many people don't have any plan whatsoever).


So if you like this type of property and are happy with a 5% yield then it's worth a sniff.. The tenant is happy to stay and is looking at long term.... couldn't be better? It's an up and running cash machine!

Here are a few more pictures....

Nice Long Lounge

Nice Corner Plot with Plenty Parking

If you're thinking of buying anything like this and want a second opinion, why not pop into the office and we can have a chat. I'm always happy to make you a brew and give my opinion....

Or drop me an email with the Rightmove link of the property you're thinking of buying, to: paul@ainsworthlordestates.com
Tel 01254 760660