Summary - 21, Elizabeth Street BB5 0HH
2 bed 1 bath Terraced
Ready-made rental with strong cashflow potential for buy-to-let investors.
Tenant in situ generating £495 pcm rental income
Gross yield approximately 7.8% at asking price £76,000
Large overall size circa 1,131 sqft, mid-terrace Victorian facade
Two reception rooms, two bedrooms, one family bathroom
Small, dated kitchen; cosmetic and modernisation needed
Stone walls likely uninsulated; insulation work advised
Area classified very deprived with high local crime rates
Excellent mobile signal and fast broadband; no flood risk
This two-bedroom Victorian mid-terrace on Elizabeth Street is offered as a ready-made buy-to-let with tenants in situ. The property totals approximately 1,131 sq ft, retains a traditional stone facade and benefits from gas central heating, double glazing (unknown install date) and a rear yard. Current rental income is £495 pcm, producing a gross yield of about 7.8% at the asking price of £76,000.
The interior is functional but dated: two reception rooms, a small 20th-century-style kitchen and a single family bathroom. The house would repay targeted investment — cosmetic updating and insulation upgrades could improve rent and reduce running costs. Construction predates 1900; exterior stone walls are assumed uninsulated and may need thermal improvement works.
Location factors are important for investment decisions. The property sits in a very deprived, high-crime area with strong local rental demand and excellent mobile and fast broadband connectivity. Several nearby primary and secondary schools—some rated Good and some Requires Improvement—serve the area. Council tax is very cheap, and there is no recorded flood risk.
This is a pragmatic purchase aimed at investors seeking immediate income rather than a primary home. The tenancy and rental income provide immediate cashflow, but refurbishment, possible insulation work and the neighbourhood profile should be factored into yield and management plans.
2 bedroom terraced house for sale in Victoria Street, Church, BB5 — £75,000 • 2 bed • 1 bath • 759 ft²
2 bedroom house for sale in 20 Edleston StreetAccrington, BB5 — £82,500 • 2 bed • 1 bath • 754 ft²
2 bedroom terraced house for sale in Washington Street, Accrington, Lancashire, BB5 — £80,000 • 2 bed • 1 bath • 711 ft²
3 bedroom terraced house for sale in Paddock Street, Oswaldtwistle, Accrington, Lancashire, BB5 — £80,000 • 3 bed • 1 bath • 859 ft²
2 bedroom terraced house for sale in Queen Victoria Road, Burnley, Lancashire, BB10 — £80,000 • 2 bed • 1 bath
2 bedroom terraced house for sale in Beech Street, Accrington, Lancashire, BB5 — £72,000 • 2 bed • 1 bath
