Sold, 2 Bed House 

Swinden Lane, Colne

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Features

  • Auction Date: 21st – 22nd November 2018
  • Two-bedroom mid-terrace cottage
  • Current income of £3,900 per annum
  • Current gross yield of 9.76%
  • Same tenant in situ since 2002
  • Close to local amenities
  • Close distance to the town centre
  • Excellent transport links
  • Freehold

Quick Details

2 Bedrooms1 Reception1 Bathroom

Address

6 Swinden LaneColneLancashireBB8 8LG
Details
EPC
Map
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Property Details

•For Sale By Online Auction: 21st – 22nd November 2018
•Guide Price: £39,950+
•Two-bedroom mid-terrace property
•Tenanted: £75 pw (£3,900 per annum)
•Current gross yield of 9.76% based on the guide price
•Freehold

The stone built cottage is entered via a storm porch to the front of the property to the internal hallway, To the left is a large through lounge with dual aspect glazing allowing plentiful natural daylight, beyond the lounge there is a kitchen with uPVC glazing to the side and rear and a range of base units and stainless steel sink and drainer.

CONTINUED …

This property is located on Swinden Lane, off Burnley Road in Colne. There is an Asda located within under half a mile from the property which can be accessed within walking distance via Burnley Road.

The property benefits from being situated just one mile from Colne town centre which offers a wide range of shopping facilities and amenities.

Colne train station is also located within close distance and can be reached within a short walk, providing regular access across the country.

Colne is a town and civil parish in Lancashire. It is located approximately six miles north of Burnley with easy access via the A682.

Description continued

To the first floor there are two bedrooms to the front elevation of the property, the master bedroom has the benefit of a stone feature fireplace and to the rear there is a part tiled family bathroom comprising a three piece suite with Triton Cara electric shower over bath.

Outside of the property there is a small back yard accessed from the lounge and to the front of the property there is an established garden. Unrestricted on street parking is also available.

Accommodation

Lounge: 5.37m x 3.66
Kitchen: 2.16m x 2.07m
Bedroom 1: 3.96m x 2.67m
Bedroom 2: 2.99m x 1.85m
Bathroom 2.85m x 1.59m

Services

We understand the property has mains gas, electricity, water and drainage. However, interested parties should carry out their own investigations.

Tenure

Freehold

Council Tax

The property is rated in Council Tax Band A, council tax payable (2017/2018) is £1,248 pa.

Buyer’s Premium

2% (min. £3,000) inc. VAT.

Guide Price

£39,950+

Viewings

Viewing by appointment only. Please contact a member of John Pye Property on 0115 970 6060 or property@johnpye.co.uk

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If you are thinking of selling your property, contact us now for a free appraisal and benefit from:

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•£0 Entry Fee
•£0 Marketing Costs
•20 Working Day Completion
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Investment Analysis

This property is currently let to a long-term tenant at £75 pw (£3,900 per annum), representing a gross yield of 9.76%, based on the guide price. It is also understood the tenant currently pays the building insurance for the property. The tenant has been in occupation since 2002, however there is no formal tenancy agreement in place.

Energy Performance Certificates

Location Map

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