Opportunity to purchase a terraced house in Accrington generating £5,100 rent pa & gross yield of 7.8%
£65,000
Terraced House
VES-BB5-005
INITIAL INVESTMENT
£20,700
Based on
deposit: £16,250
stamp duty: £1,950
mortgage fees: £1,500
conveyancing fees: £1,000
GROSS RENT
£5,100
GROSS YIELD
7.8%
The property
TENANCY
Tenanted
TENURE
Leasehold
2 bedrooms
1 bathroom
1 reception room
803
Unfurnished
Leasehold information
- Length of lease: 999 years
- Year lease started: 1867
- Years left on lease: 843 years (from 2023)
- Service charge: NIL
- Service charge review period: n/a
- Ground rent: peppercorn
- Ground rent review period: n/a
Property information
- Spread over 2 floors
- Kitchen/dining room with access to the rear garden
- Living room
- 2 good-sized bedrooms
- Family bathroom
- EPC rating D
- Council tax band A
- Monthly rental income £425
Refurbishment information
- The property was fully refurbished in August 2020
- Works included:
- New carpets
- New bathroom
- Newly decorated throughout
- New boiler
Location information
- The property is located a 4-minute walk from the town centre
- Many local amenities can easily be reached on foot
- Accrington railway station is 0.5 miles from the property
- Easy access to the local road network
Note
Please note that Vesta has not visited this property and the vendor has provided all material.
Floorplans
Documents available on request, please contact for viewings or further questions.
The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.
Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.
About Accrington, Lancashire
Accrington is a town in Lancashire and lies approximately 4 miles east of Blackburn, 6 miles west of Burnley, 13 miles east of Preston and 20 miles north of Manchester.
The town is well connected via railway as it lies on the East Lancashire Line with trains running from Blackpool to York and Leeds. A change at Preston enables a vital link to London or Scotland.
Some of the local landmarks include Haworth Art Gallery, Accrington Town Hall, Oakhill Park and The Coppice and Peel Park.
The local council has recently embarked on a £2 million of capital investment programme to support the regeneration of Accrington town centre, including the renovation of Town Hall and Market Hall (both a 5-minute walk) and along Blackburn Road. A further quarter of a million pounds has been earmarked by the council to improve the central Milnshaw Park (a 15-minute walk).
Stanley Street,
Accrington,
Lancashire,
England,
BB5 6PQ
What makes us different?
Vesta’s sole purpose is to make buying and selling rental property easy for both landlords and tenants.
Benefits include:
- Buy tenanted property
- Huge choice for all budgets
- View property performance data
Important Note
All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.
Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.
In no event will we be liable for any loss or damage, including without limitation any loss or damage arising directly or indirectly out of or in connection with the use of this website and the information contained therein.
Authorised and regulated by the property ombusdman
Copyright © 2023 Vesta Global Limited. All rights reserved.