Block of Apartments

Ormerod Street, Burnley BB11 1EP

Size: sqm

SSTC

Size: sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent SSTC
Lettings fees SSTC
Net income SSTC
Gross yield SSTC
Net yield SSTC

RECENTLY DEVELOPED WE ARE EXPECTING THIS TO BE FULLY LET WITHIN WEEKS. ANTICIPATED NET INCOME OF £55,880 – YIELDING 6.61%!

This brilliant three-storey property consists of 8 studio apartments and 3 commercial units on the ground floor. All apartments come with fully fitted modern kitchens and three-piece suite bathrooms with shower over bath. Each studio has a floor to ceiling window which gives the accommodation a light and airy feel.

Yorke House is in Burnley, Lancashire which is 80% rural meaning it offers an excellent quality of life. It is very well connected being just 21 miles from Manchester and 20 miles from Preston and is situated on the M65 which connects to the M6 and M62. A direct train service runs from Manchester Road railway station to Manchester Victoria which makes it a great choice of location for commuters. Burnley is also a growing university town and aims to offer courses to 4,000 students by 2025, meaning there will be increasing demand for rental properties such as the apartments on offer at Yorke House. A recent investment of £23 million has been secured to transform the town centre, Pioneer Place is set to be completed in 2023 and will create a leisure space including cinema and retail units which will broaden the appeal of the town and create employment opportunities.

BB11 is a popular area with 787 transactions recorded in the past 12 months, which is 352.6% higher than the national average of 174 (Mouseprice). Overall, sold prices in Burnley over the last year were 9% up on the previous year and 19% up on the 2019 peak (Rightmove) which makes Yorke House is a lucrative investment opportunity.

EARN INSTANT INCOME ON THIS OUTSTANDING INVESTMENT OPPORTUNITY – 8 STUDIO APARTMENTS AND 3 COMMERCIAL UNITS. A freehold three-storey property located close to Burnley town centre. Enquire today to avoid disappointment.

Interested in this property? Enquire today for more information

Key features

Key features

Earn instant income

Key features

8 studio apartments

Key features

3 commercial units

Key features

Fitted kitchens

Key features

Modern bathrooms

Key features

Freehold

Key features

Close to Burnley town centre

Key features

Close to local shops and amenities

Key features

Freehold

EARN INSTANT INCOME ON THIS OUTSTANDING INVESTMENT OPPORTUNITY – 8 STUDIO APARTMENTS AND 3 COMMERCIAL UNITS. A freehold three-storey property located close to Burnley town centre. Enquire today to avoid disappointment. More info...

RECENTLY DEVELOPED WE ARE EXPECTING THIS TO BE FULLY LET WITHIN WEEKS. ANTICIPATED NET INCOME OF £55,880 – YIELDING 6.61%!

This brilliant three-storey property consists of 8 studio apartments and 3 commercial units on the ground floor. All apartments come with fully fitted modern kitchens and three-piece suite bathrooms with shower over bath. Each studio has a floor to ceiling window which gives the accommodation a light and airy feel.

Yorke House is in Burnley, Lancashire which is 80% rural meaning it offers an excellent quality of life. It is very well connected being just 21 miles from Manchester and 20 miles from Preston and is situated on the M65 which connects to the M6 and M62. A direct train service runs from Manchester Road railway station to Manchester Victoria which makes it a great choice of location for commuters. Burnley is also a growing university town and aims to offer courses to 4,000 students by 2025, meaning there will be increasing demand for rental properties such as the apartments on offer at Yorke House. A recent investment of £23 million has been secured to transform the town centre, Pioneer Place is set to be completed in 2023 and will create a leisure space including cinema and retail units which will broaden the appeal of the town and create employment opportunities.

BB11 is a popular area with 787 transactions recorded in the past 12 months, which is 352.6% higher than the national average of 174 (Mouseprice). Overall, sold prices in Burnley over the last year were 9% up on the previous year and 19% up on the 2019 peak (Rightmove) which makes Yorke House is a lucrative investment opportunity.

  • Key features
    Tick Desktop Earn instant income
    Tick Desktop 8 studio apartments
    Tick Desktop 3 commercial units
    Tick Desktop Fitted kitchens
    Tick Desktop Modern bathrooms
    Tick Desktop Freehold
    Tick Desktop Close to Burnley town centre
    Tick Desktop Close to local shops and amenities
    Key features

    Freehold

  • LocationLocation
  • EPCEPC

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.

Breakdown
Financial performance*
Gross rent SSTC
Lettings fees SSTC
Net income SSTC
Gross yield SSTC
Net yield SSTC

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.