Olive Street, Stacksteads, Bacup, Rossendale is a great opportunity to acquire an affordable, mid back-to-back property, currently occupied by a tenant happy to remain in-situ and generating an 8% yield. This potential investment could do with some upgrading, but comes as a ready made income generator due to the incumbent occupiers. The property therefore represents an ideal opportunity for First Time Buyers to get on the property ladder, or indeed for investors to add to their portfolio.

Situated close to leisure amenities at Stubby Lee Park and Lee Quarry Adrenaline Centre, as well as being ideally located for commuting across the Rossendale Valley and beyond, the property is also perfect for easy access to public transport links on Newchurch Road.

* Current Tenant In-Situ Generating 8% Yield * Available Now * Requiring Some Improvement * Ideal Investment Opportunity

Lounge

4.27m x 3.73m (14'0" x 12'3")

Kitchen

3.31m x 1.49m (10'10" x 4'11")

Landing

Bedroom 1

4.28m x 2.11m (14'1" x 6'11")

Bedroom 2

3.48m x 1.98m (11'5" x 6'6")

Shower Room

3.13m x 1.04m (10'3" x 3'5")

Agents Notes

Council Tax: Band 'A'
Tenure: Leasehold
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 vendors. 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 Farrow & Farrow 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.