Two-bedroom renovated investment with immediate rental income and private entrance.
Sold with tenant in situ paying £5,400 pa (immediate income)
A ready-made rental in central Accrington, this two-bedroom first-floor flat is sold with a tenant in situ paying £5,400 per year, offering immediate income and an attractive gross yield of about 8.3% at the asking price. The flat has its own front door, contemporary decor throughout and recently refurbished living spaces, including a medium lounge with wooden flooring and a modern kitchen and bathroom.
Practical facts for investors: the property is leasehold with c.97–98 years remaining, an EPC rating of E and a below-average service charge of £354 per year. Heating is electric via room heaters, and the building dates from the late 1970s/early 1980s with double glazing of unknown install date.
Location strengths include proximity to Accrington town centre, local shops, transport links and nearby schools. Material considerations: the neighbourhood has very high recorded crime and very high area deprivation, which may affect tenant profiles and long-term capital growth. The property is best suited to investors seeking immediate rental return rather than long-term capital appreciation or an owner-occupier looking for low-crime surroundings.