Summary - 37 Washington Street BB5 6TF
2 bed 1 bath Terraced
Two-bedroom Victorian terrace with tenant in situ and immediate rental income..
Tenant in situ paying £550 pcm (current income £6,600pa)
Approximate gross yield c.8.25% at £80,000
Leasehold tenure—check lease terms and ground rent
Victorian stone mid-terrace, c.1900–1929, 711 sq ft
Double glazing present; install date unknown
Walls likely uninsulated — energy upgrades likely needed
Good-sized rear yard; mains gas combi central heating
Located in very deprived area; local schools' ratings mixed
This two-bedroom Victorian mid-terrace in Accrington is offered as an investment lot, sold with a sitting tenant paying £550 pcm. At £80,000 and producing £6,600pa in rent, the purchase delivers an approximate gross yield of around 8.25%, making it a straightforward add-on for a small portfolio or first-time landlord.
The house is a traditional stone-built property (c.1900–1929) with double glazing, gas central heating and a good-sized rear yard. Internal accommodation includes a living room, dining kitchen, two bedrooms and a family bathroom; total internal area is about 711 sq ft. The setting gives easy access to Accrington town centre, local amenities and motorway links for commuter demand.
Material points for buyers: the property is leasehold, sits in a very deprived area and is part of a 13-property portfolio being sold together. Some original wall construction is assumed to lack insulation, and the double glazing install date is unknown — further energy-efficiency works may be required. Local school ratings are mixed and a few nearby schools have low Ofsted grades, which may affect family rental demand.
Overall this is a pragmatic investment proposition: steady rental income from day one with scope for value enhancement through targeted refurbishment and insulation improvements. Buyers should allow for estate-wide management considerations when purchasing as part of the portfolio and for standard tenant-in-situ restrictions on immediate access.
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