Photos of 5 Bed Terrace House – Social Housing
Property Features
- SOCIAL HOUSING INVESTMENT
- Fully Refurbished, Furnished & Compliant
- NEW Boiler, Hob/Oven, Microwave, Fridge/Freezer & Washing Machine
- Total Area 1,367 sq. ft.
- Located Between Manchester & Leeds
- Walking Distance To Town Centre, Bus Station, Supermarket, Shops, Schools & Clinic
- Good & Outstanding School Catchment
- Fixed Income from Day 1
- NO Routine Maintenance Costs
- NO Management Fees
- NO Void Periods
- Fully Tenanted on 7 + 3 Year Contract
- End of Contract Refurbishment
- Fixed Monthly Rent £1,517
- Gross Yield 8%
- Long Leasehold 999 Years
- Ground Rent: Peppercorn
- More Images, Video & Floor Plan Available
- Contact Us For More Deals, Locations & Budgets!
Summary
*** Why Invest In Bacup, Greater Manchester? ***
Bacup is a town in in Lancashire close to West Yorkshire and Greater Manchester. It is 6 miles north of Rochdale and 7 miles south of Burnley. It is close to both the M65 & 66 motorways, with Manchester just over an hour by train and Leeds 1h 30m.
At approximately 15,000, the population of Bacup as a whole is older than the national average. It also has a higher level of residents born in the UK than the national average so does not have a significant immigrant population. The town has a higher rate of home ownership too, either outright or via a mortgage than the national average, which suggests that Bacup is a relatively affluent area.
The town centre has benefitted from a £1.5m improvement from the Heritage Lottery Fund and a bid by the town for new government cash would be part of a £21m upgrade for the main shopping areas of Bacup and nearby Rawtenstall.
Current attractions and amenities include:
Royal Court Theatre
Bacup & Rawtenstall Grammar School
Bacup Golf & Cricket Clubs
Stubbylee Park
Bacup has also seen some of the highest house price increases in Lancashire in recent years. In the year Oct 2021 – Oct 2022, the average price of a terraced home increased by 17%. The average selling price from Oct 1995 – Oct 2022 increased 445%.
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*** Why Invest in Social Housing? ***
UK Social Housing: All Your Questions Answered: https://www.starfishpropertyinvestments.com/uk-social-housing-all-your-questions-answered/