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
Ricky
Buy-to-let investor
“Set up two companies so far to manage two properties via get ground. Very smooth process and have also had the first years accounts done too. Very simple process so far. Great for managing my small property portfolio.”
Graham
Buy-to-let investor
“The Getground service really makes the process of setting up and running a SPV company, and associated banking, a seamless easy process all for a low monthly fee. Support has always been on hand when needed with help for accounting submission etc. Highly recommend!”
Raghda
Buy-to-let investor
“GetGround manages my property from A to Z. The process from the beginning until today is running smoothly. They provided consultation, step by step setup guide, and also the response rate was very high when I contacted their customer care department.”
Meet the team