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2 bedroom terraced house for sale
Elmfield Street, Accrington, Lancashire, BB5
£95,000
Elmfield Street, Accrington, Lancashire, BB5
£95,000
Our Summary
- With an existing tenant in situ and excellent rental potential, this property provides immediate returns with scope for future growth
- 1% Comparable Property Sales: Tenancy Status: Let on a rolling contract - ideal flexibility for future rent reviews Rental Upside: Potential to increase rent in line with market rates Tenure: Leasehold - approximately 880 years remaining Council Tax Band: A Property Features 2 Spacious Bedrooms Mid-Terraced Layout - Easy to maintain Modern Kitchen & Bathroom Gas Central Heating Double Glazed Windows Low-maintenance rear yard Investment Potential Located in an area with strong rental demand Close to local amenities, schools, and transport links Long lease ensures a low-maintenance legal structure Ideal for portfolio landlords and first-time investors Location Benefits Elmfield Street is well-positioned for easy access to Accrington town centre, local shops, and transport connections
- Buy-To-Let Investment Opportunity
Description
This 2-bedroom mid-terraced property in Accrington offers a fantastic opportunity for buy-to-let investors. With a current tenant in place and an existing rental income of £476 PCM, this property provides immediate returns with scope for future growth. The property is situated in a popular and convenient residential location, close to local amenities, schools, and transport links, making it an attractive option for families and working professionals. The property features two spacious bedrooms, a modern kitchen and bathroom, gas central heating, and double glazed windows. With a long lease of approximately 880 years remaining, this property is ideal for portfolio landlords and first-time investors looking for a low-risk entry. The current gross yield is 6%, with potential to increase to 8.1% with a rent increase. Viewings are available, but please note the property is tenanted and respect for the tenants' right to a peaceful environment is required.