Summary - 290 ACCRINGTON ROAD BLACKBURN BB1 2AN
2 bed 1 bath Block of Apartments
**Standout Features:**
- Newly refurbished mid-terraced building with two self-contained flats
- Gross Initial Yield: 7.00%
- Reliable rental income: £15,000 p.a. from existing tenants (mostly hospital staff)
- Close proximity (1 mile) to Royal Blackburn Teaching Hospital
- Communal garden and separate entrances for each flat
- Convenient location near shops, bus stops, and local amenities
- Freehold tenure ensures investment stability
**Concise Summary:**
This newly renovated mid-terraced property on Accrington Road presents a fantastic investment opportunity with two self-contained flats generating a total annual rental income of £15,000, yielding 7.00%. Ideal for investors, the property is strategically located just a mile from the Royal Blackburn Teaching Hospital, making it appealing to healthcare professionals, particularly doctors and nurses who have previously occupied the units.
Each flat features a kitchen/living area, a bedroom, and a bathroom, along with access to a communal garden. With nearby shops and excellent transport links to the town center, this property offers a comfortable living environment. Both flats currently have tenants in place with leases extending over the next year. However, prospective buyers should note that the local area has high crime rates and levels of deprivation, which may affect potential tenants. Given its strong rental yield and good location, this property won't last long—seize the opportunity to invest in a promising rental market.
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