Immediate income opportunity with good yield and refurbishment upside.
Tenant in situ paying £500 pcm, immediate rental income
A compact Victorian terrace in central Accrington, this two-bedroom property is presented as a ready-made rental investment with a tenant in situ paying £500pcm. The house features a stone facade, gas central heating, double glazing and a medium-sized modern kitchen — basics that support immediate income while keeping maintenance straightforward.
The location sits close to town amenities and good digital connectivity (fast broadband, excellent mobile signal), helping tenant demand. The plot is described as large for the terrace, with a private rear yard and on-street parking. At the asking price of £72,000 the current rent produces a gross yield of about 8.3% (based on £6,000 annual rent), offering attractive short-term returns for investors.
Notable considerations are factual: crime in the area is above average and several nearby primary schools have low Ofsted ratings, which may affect long-term tenant profiles. Tenure is not specified, and the compact room sizes and standard ceiling heights reflect the period property’s modest internal proportions. Some cosmetic updating and additional lighting in the kitchen area would enhance appeal and support higher rents.
This property suits a buyer seeking immediate rental income with potential to add value through modest refurbishment. It is not presented as a family flagship home given room sizes and local school ratings, but it offers straightforward hands-off income and upside through targeted improvements.