Summary - 4 CHAPEL STREET RISHTON BLACKBURN BB1 4NP
3 bed 1 bath Terraced
Immediate rental income with strong yield — sold with tenant in situ..
Tenanted sale only — investor purchasers only
7.7% gross rental yield at current asking price
Leasehold with 854 years remaining — long lease
Council Tax Band A — very low running costs
Two reception rooms and fitted kitchen with storage
Large master bedroom; two generous single bedrooms
Low-maintenance rear yard; small/no front garden
Area classified as very deprived; above-average crime rate
This three-bedroom mid-terrace in Rishton is presented strictly for investors and sold with a tenant in situ, providing immediate rental income. At an asking price of £85,000 it delivers a strong advertised yield of 7.7%, with low running costs thanks to Council Tax Band A and a very long lease (854 years remaining).
The house retains period character in a traditional Victorian stone façade and offers practical living space: two reception rooms, a fitted kitchen with good storage and a rear yard that is low maintenance. The largest bedroom is spacious, with two further generously sized single bedrooms and a neutral family bathroom upstairs.
The location is convenient for local amenities, schools rated Good, and transport links. Practical positives include excellent mobile signal and fast broadband speeds, supporting tenant demand. Notable negatives are the surrounding area’s high deprivation classification and above-average crime statistics; the property itself needs some updating and repair in places, particularly to mid-20th century fittings and the living room fireplace.
Suitably priced for an investor, this property represents an income-producing purchase with potential for value uplift through modest refurbishment. Buyers should note the leasehold tenure and that the sale is conditional on the existing tenancy continuing.
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