Canalside Lofts, Burnley, BB11 2HJ
£90,000
Financial snapshot
Your initial investment
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Estimated deposit
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Purchase fees
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Your total return by 2035
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Annual return
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Rental growth p.a.
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Cap growth p.a.
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Rental income p.c.m.
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Gross yield
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Indicative returns are based on historic data - please note past performance is not necessarily indicative of future results and actual returns may differ materially from the returns indicated here
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Area highlights
Property snapshot
Apartment
765 sq ft
1 Bedroom
1 Bathroom
Tenanted
Tenure - Leasehold
Ground rent
£1
Service charge
£922.00 per year
Overview
Lease duration TBC. This one-bedroom apartment at Canalside Lofts, Burnley, is an excellent buy-to-let investment with an asking price of £90,000, representing a 22.5% discount. The property is currently tenanted and generates £7,140 annually in rent, offering a gross yield of 8.7%. With a service charge of £76.83 per month and a peppercorn ground rent, the property remains low-maintenance. The market rent for the area is £650 per month, providing a net cash flow of £368 per month or £4,416 annually. Situated just 0.13 miles from Burnley Manchester Road station, this apartment benefits from strong local demand and excellent transport links, making it an attractive option for investors.
What our customers say about us
Michelle
Buy-to-let investor
“I've had a very streamlined and well supported experience starting a corporation through GetGround. I've been treated exceedingly well and couldn't be more pleased with how it has all come together. I would definitely recommend.”
Ho Chuen
Buy-to-let investor
“The Get ground team is always quick to respond to my queries, both of the UK and HK branches' contacts. I recommend their system and service as a BTL investor.”
Shivraj
Buy-to-let investor
“Technical support and the guidance the team provides are simply the best !! The team is quick to respond to your queries and regular follow-ups ensure the matters are resolved to satisfaction. I highly recommend Getground to anyone who has property in the UK and wants the best support.”
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