High-yield one-bed with balcony and allocated parking near Blackburn town centre.
- Achievable rent circa £650pcm; indicative gross yield ~11%
- Second-floor one-bedroom with balcony and lift access
- Allocated secure off-street parking space included
- EPC rating C; built 2007–2011, double glazed throughout
- Leasehold tenure and sold at auction; check lease terms
- Electric room heaters (no gas central heating) — higher running costs
- Located in a very deprived area with high local crime levels
- Small/average internal size (approx. 528 sq ft); compact layout
A practical, investor-focused one-bedroom property on the second floor of Hollin Bank Court, offered for sale by auction with a competitive start price. The building, constructed 2007–2011, benefits from double glazing, an EPC rating of C and an allocated secure parking space; these features support tenant appeal and rental stability.
This layout is compact and efficient: open-plan lounge/kitchen, one bedroom with built-in wardrobes, bathroom and a balcony accessed from the living area and bedroom. The listing estimates achievable rent of £650pcm, producing an indicative gross yield around 11% at the current starting bid.
Important considerations for buyers: the tenure is leasehold and the property will be sold at auction, so interested parties should review the lease terms and auction conditions. Heating is by electric convector/room heaters rather than gas central heating, which can increase running costs and affect some tenant demand. The area is classed as very deprived with high local crime levels, which will influence lettings and long-term capital performance.
This is best suited to buy-to-let investors or cash buyers seeking an immediate rental income stream and willing to manage the risks that come with location and tenure. The combination of low council tax banding, modern fixtures and good broadband/mobile connectivity helps tenant attraction; due diligence on service charges, lease length and any building management arrangements is recommended before bidding.
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