2 Investment Flats, Watery Lane, Springvale, Darwen

ATTENTION LANDLORDS! **2 LARGE 4 BED FLATS***CURRENTLY TENANTED**RUNNING INVESTMENT PRODUCING £1600 PCM (11.5% YIELD) **STRONG DEMAND AREA**ALL COMPLIANCE AND SAFETY CERTIFICATES IN PLACE

Full Description - Ainsworth Lord Estates are delighted to offer for sale 2 large flats located on Watery Lane, Springvale, Darwen.

Situated in a desirable location, this property offers the potential to generate income from day one as the flats are tenanted, with each tenant paying £800 pcm.

This means the property is currently producing £1600 pcm (£19,200 PA) which is a yield of approx 12% (with scope to increase).

Buyers Should Take Note:
At the time of listing (June 25) the LHA Rate for a 4 bed property is currently £182.96 p/wk (£792.83pcm)
with the rate for a 5 bed property not being published.

Ground Floor Fat
A great size 4 bedroom apartment with Lounge, Kitchen, Rear Yard, 4 Bedrooms & Bathroom.

First Floor Flat
Yet again another huge 4 bedroom apartment with Lounge, Kitchen & Bathroom . 4 Bedrooms however the utility room could be used to make this a 5 Bed apartment.

Both properties are being sold together there is no option for the properties to be bought separately.

SERIOUS BUYERS ONLY - IF INTERESTED WE WILL EXPECT YOU TO SHOW COMMITMENT

ALL VIEWINGS ARE TO BE ARRANGED THROUGH AINSWORTH LORD ESTATES AND ARE STRICTLY BY APPOINTMENT ONLY.

If you need to sell your property to make this purchase then speak to us. We would be happy to discuss the various options you have. We could start with a Free Market Appraisal/Valuation.

We have dozens of Cash Rich Buyers looking for properties to acquire..... who knows perhaps we could get them to make an offer on yours? Give us a call and let's see how we can get you moving.

Or, perhaps you don't really need to sell the house you're in? Have you considered this? You'd be surprised at the options available to you.

FREE - MORTGAGE ADVICE:

For Re-Mortgages, Buy-To-Let Mortgages, and other Residential Mortgages. (Even for people with a poor credit rating).

NEVER PAY FOR MORTGAGE ADVICE. THERE IS NO NEED TO.
Our Mortgage Advisors - London & Country are one of the largest mortgage brokers in the UK, and have access to more lenders than other local mortgage providers, giving you more choice and potentially saving you thousands of pounds.
PLUS...
Our clients receive a FREE INSURANCE VOUCHER to cover your survey and legal fees in the event your purchase falls through.
We are not aware of any other agent offering this extra bonus.

Contact us to arrange a call from our mortgage brokers - at a time to suit you, including evenings and weekends.

Stamp Duty: 0% up to £125,000, 2% of the amount between £125,001 & £250,000, 5% of the amount between £250,001 & £925,000, 10% of the amount between £925,001 & £1,500,000. For some purchases, an additional 3% surcharge may be payable on properties with a sale price of £40,000 and over. Please call us for any clarification on the new Stamp Duty system or to find out what this means for your purchase.

Disclaimer -
Unless stated otherwise, these details may be in a draft format subject to approval by the property's owners. Your attention is drawn to the fact that we have been unable to confirm whether certain items included with this property are in full working order.

Any prospective purchaser must satisfy themselves as to the condition of any particular item and no employee of Ainsworth Lord Estates has the authority to make any guarantees in any regard. The dimensions stated have been measured electronically and as such may have a margin of error, nor should they be relied upon for the purchase or placement of furnishings, floor coverings etc. Details provided within these property particulars are subject to potential errors, but have been approved by the vendor(s) and in any event, errors and omissions are excepted.

These property details do not in any way, constitute any part of an offer or contract, nor should they be relied upon solely or as a statement of fact. In the event of any structural changes or developments to the property, any prospective purchaser should satisfy themselves that all appropriate approvals from Planning, Building Control etc, have been obtained and complied with.

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