Summary - Thomas Street, Colne, Lancashire, BB8 BB8 8AQ
2 bed 1 bath Terraced
**Standout Features:**
- Two-bedroom end-terrace property
- Currently generating £500/month in rent (7% yield)
- Chain-free sale with a sitting tenant
- Convenient location near the town center and transport links
- Well-maintained condition with reliable rental income
- Close to several well-rated schools
**Property Summary:**
Discover a fantastic investment opportunity with this two-bedroom Victorian mid-terrace property on Thomas Street, Colne. Currently rented with a long-standing tenant, this home is generating a robust rental income of £500 per month, boasting an impressive yield of over 7%. The property's well-maintained condition by the current tenant allows for a seamless transition for new landlords.
Well-positioned near the town center, this property benefits from excellent transport links and is easily accessible, ideal for families and professionals alike. Additionally, it's in close proximity to reputable schools, enhancing its appeal for future tenants or families looking to settle down.
While the property does present opportunities for modernization, it could become a charming residence with the right updates. With a low council tax rate and no chain complications, this terraced home is a sound choice for investors seeking reliable income or a first-time buyer looking to enter the property market. Don't miss out on this opportunity to secure a solid investment that offers growth potential in a high-demand area!
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